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.

DSPG has been the subject of several analyst reports. Needham & Company LLC set a $18.00 price objective on DSP Group and gave the company a “buy” rating in a report on Wednesday, July 31st. BidaskClub cut DSP Group from a “buy” rating to a “hold” rating in a report on Friday. ValuEngine cut DSP Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 25th. Zacks Investment Research cut DSP Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Cowen boosted their price objective on DSP Group from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. DSP Group presently has a consensus rating of “Buy” and a consensus price target of $18.00.

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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Insider Buying and Selling by Quarter for DSP Group (NASDAQ:DSPG)

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