DSP Group (NASDAQ:DSPG) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, BidAskClub reports.

Other analysts have also issued research reports about the company. Zacks Investment Research lowered DSP Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of DSP Group in a report on Monday, February 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.67.

Shares of NASDAQ DSPG opened at $14.35 on Wednesday. The stock has a market cap of $323.61 million, a PE ratio of 62.39, a P/E/G ratio of 4.54 and a beta of 0.75. DSP Group has a 52 week low of $10.15 and a 52 week high of $15.00.

DSP Group (NASDAQ:DSPG) last issued its quarterly earnings data on Monday, February 4th. The semiconductor company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.07. The business had revenue of $26.06 million for the quarter, compared to analyst estimates of $26.50 million. DSP Group had a positive return on equity of 3.78% and a negative net margin of 1.67%. During the same quarter in the prior year, the firm posted $0.06 EPS. Analysts expect that DSP Group will post 0.21 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC grew its holdings in DSP Group by 19.3% in the 1st quarter. Wedge Capital Management L L P NC now owns 67,181 shares of the semiconductor company’s stock valued at $945,000 after buying an additional 10,852 shares during the last quarter. Rice Hall James & Associates LLC grew its holdings in DSP Group by 16.7% in the 1st quarter. Rice Hall James & Associates LLC now owns 141,444 shares of the semiconductor company’s stock valued at $1,990,000 after buying an additional 20,275 shares during the last quarter. Tibra Equities Europe Ltd acquired a new stake in DSP Group in the 1st quarter valued at approximately $606,000. Worth Venture Partners LLC lifted its position in shares of DSP Group by 5.5% in the 4th quarter. Worth Venture Partners LLC now owns 31,389 shares of the semiconductor company’s stock worth $351,000 after acquiring an additional 1,640 shares during the period. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of DSP Group in the 4th quarter worth approximately $72,000. 77.70% of the stock is currently owned by hedge funds and other institutional investors.

About DSP Group

DSP Group, Inc, a fabless semiconductor company, provides wireless and audio chipset solutions for converged communications worldwide. It operates through three segments: Home, Office, and SmartVoice. The company provides a portfolio of wireless chipsets that integrate DECT/CAT-iq, ULE, Wi-Fi, PSTN, HDClear, video, and VoIP technologies.

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