DSP Group, Inc. (NASDAQ:DSPG) – Equities research analysts at Dougherty & Co dropped their FY2019 earnings per share (EPS) estimates for shares of DSP Group in a research note issued on Thursday, November 7th. Dougherty & Co analyst C. Anderson now anticipates that the semiconductor company will post earnings per share of $0.03 for the year, down from their previous estimate of $0.07. Dougherty & Co also issued estimates for DSP Group’s Q4 2019 earnings at $0.03 EPS.

DSP Group (NASDAQ:DSPG) last announced its quarterly earnings data on Tuesday, November 5th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. DSP Group had a negative net margin of 1.24% and a positive return on equity of 4.40%. The business had revenue of $31.04 million during the quarter, compared to analyst estimates of $31.00 million.

A number of other equities research analysts have also issued reports on the stock. BidaskClub raised shares of DSP Group from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research lowered shares of DSP Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Cowen increased their price objective on shares of DSP Group from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Needham & Company LLC set a $18.00 price objective on shares of DSP Group and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, ValuEngine lowered shares of DSP Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 25th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. DSP Group presently has an average rating of “Buy” and a consensus target price of $18.00.

Shares of DSPG opened at $15.54 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.47 and a quick ratio of 2.79. DSP Group has a 1 year low of $10.54 and a 1 year high of $16.30. The company has a 50 day simple moving average of $14.44 and a two-hundred day simple moving average of $14.38. The firm has a market cap of $356.43 million, a P/E ratio of 67.57, a price-to-earnings-growth ratio of 14.14 and a beta of 0.77.

Hedge funds have recently bought and sold shares of the stock. Quantamental Technologies LLC grew its holdings in shares of DSP Group by 111.1% in the second quarter. Quantamental Technologies LLC now owns 2,516 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 1,324 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of DSP Group by 473.6% in the second quarter. Bank of Montreal Can now owns 4,107 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 3,391 shares in the last quarter. Mason Street Advisors LLC grew its holdings in shares of DSP Group by 18.0% in the third quarter. Mason Street Advisors LLC now owns 7,783 shares of the semiconductor company’s stock valued at $110,000 after purchasing an additional 1,187 shares in the last quarter. Laurion Capital Management LP purchased a new position in shares of DSP Group in the second quarter valued at $144,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of DSP Group in the second quarter valued at $172,000. 78.21% of the stock is owned by hedge funds and other institutional investors.

DSP Group Company Profile

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: What are the disadvantages of after-hours trading?

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.