DSP Group Inc. (NASDAQ:DSPG) – Research analysts at Dougherty & Co decreased their Q3 2016 earnings estimates for DSP Group in a research note issued on Tuesday. Dougherty & Co analyst C. Anderson now forecasts that the brokerage will earn $0.05 per share for the quarter, down from their previous forecast of $0.07. Dougherty & Co also issued estimates for DSP Group’s Q4 2016 earnings at $0.01 EPS, Q2 2017 earnings at $0.02 EPS, Q3 2017 earnings at $0.05 EPS and Q4 2017 earnings at $0.03 EPS.

DSP Group (NASDAQ:DSPG) last posted its earnings results on Monday, August 1st. The company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.03. DSP Group had a negative return on equity of 0.31% and a negative net margin of 1.34%. The firm had revenue of $36.20 million for the quarter, compared to analysts’ expectations of $36 million. During the same period last year, the firm earned $0.10 EPS. The company’s quarterly revenue was down 2.9% on a year-over-year basis.

A number of other brokerages also recently commented on DSPG. Wunderlich boosted their target price on shares of DSP Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, September 6th. TheStreet upgraded shares of DSP Group from a “hold” rating to a “buy” rating in a research note on Monday, August 1st. Canaccord Genuity began coverage on shares of DSP Group in a research note on Tuesday, August 9th. They set a “buy” rating and a $14.00 target price for the company. Zacks Investment Research downgraded shares of DSP Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 16th. Finally, Needham & Company LLC upped their price objective on shares of DSP Group from $11.00 to $12.50 and gave the company a “buy” rating in a research note on Monday, August 1st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $12.58.

DSP Group (NASDAQ:DSPG) traded down 1.251% during midday trading on Thursday, hitting $11.603. The stock had a trading volume of 14,791 shares. The stock’s market cap is $254.04 million. DSP Group has a 12 month low of $7.89 and a 12 month high of $12.19. The stock has a 50 day moving average of $11.69 and a 200 day moving average of $10.36.

In other news, CEO Ofer Elyakim sold 45,000 shares of the company’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $11.98, for a total value of $539,100.00. Following the completion of the sale, the chief executive officer now directly owns 442,302 shares of the company’s stock, valued at $5,298,777.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Dror Levy sold 11,937 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $11.72, for a total transaction of $139,901.64. Following the completion of the sale, the chief financial officer now directly owns 149,060 shares of the company’s stock, valued at $1,746,983.20. The disclosure for this sale can be found here. 6.01% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Arizona State Retirement System boosted its position in DSP Group by 3.8% in the first quarter. Arizona State Retirement System now owns 11,015 shares of the company’s stock valued at $100,000 after buying an additional 400 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in DSP Group during the second quarter valued at about $112,000. Emerald Acquisition Ltd. purchased a new position in DSP Group during the second quarter valued at about $212,000. Alliancebernstein L.P. boosted its position in DSP Group by 4.5% in the second quarter. Alliancebernstein L.P. now owns 25,300 shares of the company’s stock valued at $268,000 after buying an additional 1,100 shares in the last quarter. Finally, Teachers Advisors Inc. boosted its position in DSP Group by 6.8% in the second quarter. Teachers Advisors Inc. now owns 33,617 shares of the company’s stock valued at $357,000 after buying an additional 2,133 shares in the last quarter. 76.53% of the stock is owned by institutional investors and hedge funds.

DSP Group Company Profile

DSP Group, Inc is a provider of wireless chipset solutions for converged communications. The Company delivers semiconductor system solutions with software and hardware reference designs and enables original equipment manufacturers (OEMs), original design manufacturers (ODMs), consumer electronics (CE) manufacturers and service providers to develop products.

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