Insider Selling: DSP Group, Inc. (NASDAQ:DSPG) CFO Sells $385,500.00 in Stock
DSP Group, Inc. (NASDAQ:DSPG) CFO Dror Levy sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $15.42, for a total value of $385,500.00. Following the completion of the transaction, the chief financial officer now directly owns 156,000 shares of the company’s stock, valued at approximately $2,405,520. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
NASDAQ DSPG opened at $15.03 on Friday. The stock has a market capitalization of $352.31 million, a price-to-earnings ratio of 59.12, a PEG ratio of 38.42 and a beta of 0.77. DSP Group, Inc. has a twelve month low of $10.54 and a twelve month high of $16.30. The company has a current ratio of 3.47, a quick ratio of 3.11 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average of $14.51 and a 200 day moving average of $14.40.
DSP Group (NASDAQ:DSPG) last released its quarterly earnings results on Tuesday, November 5th. The semiconductor company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $31.04 million during the quarter, compared to analysts’ expectations of $31.00 million. DSP Group had a positive return on equity of 4.40% and a negative net margin of 1.24%. Equities analysts predict that DSP Group, Inc. will post 0.03 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its holdings in DSP Group by 3.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,143,494 shares of the semiconductor company’s stock worth $16,421,000 after purchasing an additional 41,200 shares during the period. Heartland Advisors Inc. raised its holdings in DSP Group by 2,729.4% in the 2nd quarter. Heartland Advisors Inc. now owns 293,970 shares of the semiconductor company’s stock worth $4,221,000 after purchasing an additional 283,580 shares during the period. BlackRock Inc. raised its holdings in DSP Group by 57.3% in the 2nd quarter. BlackRock Inc. now owns 3,154,232 shares of the semiconductor company’s stock worth $45,296,000 after purchasing an additional 1,148,366 shares during the period. Rice Hall James & Associates LLC raised its holdings in DSP Group by 17.6% in the 3rd quarter. Rice Hall James & Associates LLC now owns 155,647 shares of the semiconductor company’s stock worth $2,192,000 after purchasing an additional 23,272 shares during the period. Finally, Bank of America Corp DE raised its holdings in DSP Group by 47.7% in the 2nd quarter. Bank of America Corp DE now owns 45,982 shares of the semiconductor company’s stock worth $660,000 after purchasing an additional 14,850 shares during the period. 78.29% of the stock is owned by 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.
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