DSP Group, Inc. (NASDAQ:DSPG) – Stock analysts at Dougherty & Co raised their FY2019 earnings per share estimates for DSP Group in a research report issued to clients and investors on Tuesday, February 5th. Dougherty & Co analyst C. Anderson now anticipates that the semiconductor company will post earnings per share of $0.21 for the year, up from their previous estimate of $0.20.

DSPG has been the topic of several other reports. Zacks Investment Research raised DSP Group from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Monday, January 21st. ValuEngine raised DSP Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. BidaskClub cut DSP Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price target on shares of DSP Group in a research note on Monday, February 4th. Five research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of $14.67.

Shares of DSPG stock opened at $12.58 on Thursday. The firm has a market capitalization of $282.11 million, a P/E ratio of 54.70, a PEG ratio of 4.03 and a beta of 0.68. DSP Group has a twelve month low of $10.15 and a twelve month high of $13.45.

DSP Group (NASDAQ:DSPG) last issued its quarterly earnings results on Monday, February 4th. The semiconductor company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.07. The company had revenue of $26.06 million for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned $0.06 earnings per share.

A number of institutional investors have recently added to or reduced their stakes in DSPG. Bank of America Corp DE boosted its holdings in DSP Group by 69.9% in the second quarter. Bank of America Corp DE now owns 39,085 shares of the semiconductor company’s stock worth $487,000 after acquiring an additional 16,076 shares in the last quarter. Millennium Management LLC bought a new stake in DSP Group in the second quarter worth $5,198,000. Jane Street Group LLC bought a new stake in DSP Group in the second quarter worth $371,000. Rice Hall James & Associates LLC bought a new stake in DSP Group in the third quarter worth $1,064,000. Finally, Russell Investments Group Ltd. boosted its holdings in DSP Group by 499.5% in the third quarter. Russell Investments Group Ltd. now owns 158,973 shares of the semiconductor company’s stock worth $1,892,000 after acquiring an additional 132,454 shares in the last quarter. 81.29% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Thomas A. Lacey bought 4,000 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were acquired at an average cost of $11.40 per share, with a total value of $45,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Cynthia Paul bought 22,107 shares of the company’s stock in a transaction on Monday, December 24th. The stock was bought at an average cost of $10.56 per share, for a total transaction of $233,449.92. The disclosure for this purchase can be found here. Insiders acquired 91,193 shares of company stock worth $980,229 over the last three months. Corporate insiders own 5.25% of the company’s stock.

DSP Group Company Profile

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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