DSP Group, Inc. (DSPG) Receives $17.33 Consensus Price Target from Brokerages
Shares of DSP Group, Inc. (NASDAQ:DSPG) have been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $17.33.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of DSP Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. BidaskClub lowered shares of DSP Group from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Dougherty & Co reiterated a “buy” rating and issued a $20.00 target price (up previously from $16.00) on shares of DSP Group in a research report on Tuesday, May 7th. Finally, Cowen reiterated an “outperform” rating and issued a $17.00 target price (up previously from $15.00) on shares of DSP Group in a research report on Tuesday, May 7th.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan bought a new position in shares of DSP Group during the 4th quarter valued at about $72,000. Oregon Public Employees Retirement Fund bought a new position in shares of DSP Group during the 4th quarter valued at about $82,000. Van ECK Associates Corp boosted its position in shares of DSP Group by 17.0% during the 4th quarter. Van ECK Associates Corp now owns 8,349 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 1,212 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of DSP Group during the 1st quarter valued at about $143,000. Finally, Group One Trading L.P. bought a new position in shares of DSP Group during the 1st quarter valued at about $176,000. Hedge funds and other institutional investors own 79.11% of the company’s stock.
DSP Group (NASDAQ:DSPG) last announced its earnings results on Monday, May 6th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.04. The firm had revenue of $28.28 million during the quarter, compared to analyst estimates of $29.10 million. DSP Group had a negative net margin of 1.08% and a positive return on equity of 4.48%. Equities research analysts expect that DSP Group will post 0.13 EPS for the current fiscal year.
About DSP Group
DSP Group, Inc, a fabless semiconductor company, provides wireless and audio chipset solutions for converged communications. 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.
Featured Story: LIBOR
Receive News & Ratings for DSP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSP Group and related companies with MarketBeat.com's FREE daily email newsletter.