Research Analysts’ Recent Ratings Changes for DSP Group (DSPG)

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Several brokerages have updated their recommendations and price targets on shares of DSP Group (NASDAQ: DSPG) in the last few weeks:

  • 2/4/2019 – DSP Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $14.00 price target on the stock. According to Zacks, “DSP Group, Inc. is a fabless semiconductor company, offering advanced chip-set solutions for a variety of applications. DSP Group is a worldwide leader in the short-range wireless communication market, enabling home networking convergence for voice, video & data. By combining its in-house technologies of Digital Signal Processors, portfolio of wireless communication protocols, including DECT, Bluetooth and Wi-Fi, most advanced Radio Frequency CMOS and SiGe, as well as VoIP ICs, DSP Group is a worldwide leader and a one-stop-shop for a wide range of applications. DSP Group ICs provide solutions for MP3 players, VoIP Phones, Gateways, and Integrated Access Devices and are widely used in Digital Voice Recorders. “
  • 2/4/2019 – DSP Group had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $15.00 price target on the stock. They wrote, “DSP Group ended the fourth quarter with an EPS of $0.04, beating the street’s $0.03. The company reported revenue of $26.1M, in line with street estimates. However, based on DSPG’s opex and revenue guidance for Q1, we expect them to end the first quarter with negative earnings, as softness in their Legacy businesses continue. We are encouraged by DSP’s shift away from its Legacy (cordless) business and shift towards its growth initiatives, which composed 59% of 4Q revenue. We expect the company to move closer to its 50% long-term gross margin target in 2019.””
  • 2/1/2019 – DSP Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “DSP Group, Inc. is a fabless semiconductor company, offering advanced chip-set solutions for a variety of applications. DSP Group is a worldwide leader in the short-range wireless communication market, enabling home networking convergence for voice, video & data. By combining its in-house technologies of Digital Signal Processors, portfolio of wireless communication protocols, including DECT, Bluetooth and Wi-Fi, most advanced Radio Frequency CMOS and SiGe, as well as VoIP ICs, DSP Group is a worldwide leader and a one-stop-shop for a wide range of applications. DSP Group ICs provide solutions for MP3 players, VoIP Phones, Gateways, and Integrated Access Devices and are widely used in Digital Voice Recorders. “
  • 1/29/2019 – DSP Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $14.00 price target on the stock. According to Zacks, “DSP Group, Inc. is a fabless semiconductor company, offering advanced chip-set solutions for a variety of applications. DSP Group is a worldwide leader in the short-range wireless communication market, enabling home networking convergence for voice, video & data. By combining its in-house technologies of Digital Signal Processors, portfolio of wireless communication protocols, including DECT, Bluetooth and Wi-Fi, most advanced Radio Frequency CMOS and SiGe, as well as VoIP ICs, DSP Group is a worldwide leader and a one-stop-shop for a wide range of applications. DSP Group ICs provide solutions for MP3 players, VoIP Phones, Gateways, and Integrated Access Devices and are widely used in Digital Voice Recorders. “
  • 1/24/2019 – DSP Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “DSP Group, Inc. is a fabless semiconductor company, offering advanced chip-set solutions for a variety of applications. DSP Group is a worldwide leader in the short-range wireless communication market, enabling home networking convergence for voice, video & data. By combining its in-house technologies of Digital Signal Processors, portfolio of wireless communication protocols, including DECT, Bluetooth and Wi-Fi, most advanced Radio Frequency CMOS and SiGe, as well as VoIP ICs, DSP Group is a worldwide leader and a one-stop-shop for a wide range of applications. DSP Group ICs provide solutions for MP3 players, VoIP Phones, Gateways, and Integrated Access Devices and are widely used in Digital Voice Recorders. “
  • 1/21/2019 – DSP Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $14.00 price target on the stock. According to Zacks, “DSP Group, Inc. is a fabless semiconductor company, offering advanced chip-set solutions for a variety of applications. DSP Group is a worldwide leader in the short-range wireless communication market, enabling home networking convergence for voice, video & data. By combining its in-house technologies of Digital Signal Processors, portfolio of wireless communication protocols, including DECT, Bluetooth and Wi-Fi, most advanced Radio Frequency CMOS and SiGe, as well as VoIP ICs, DSP Group is a worldwide leader and a one-stop-shop for a wide range of applications. DSP Group ICs provide solutions for MP3 players, VoIP Phones, Gateways, and Integrated Access Devices and are widely used in Digital Voice Recorders. “
  • 1/18/2019 – DSP Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “DSP Group, Inc. is a fabless semiconductor company, offering advanced chip-set solutions for a variety of applications. DSP Group is a worldwide leader in the short-range wireless communication market, enabling home networking convergence for voice, video & data. By combining its in-house technologies of Digital Signal Processors, portfolio of wireless communication protocols, including DECT, Bluetooth and Wi-Fi, most advanced Radio Frequency CMOS and SiGe, as well as VoIP ICs, DSP Group is a worldwide leader and a one-stop-shop for a wide range of applications. DSP Group ICs provide solutions for MP3 players, VoIP Phones, Gateways, and Integrated Access Devices and are widely used in Digital Voice Recorders. “
  • 1/17/2019 – DSP Group was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/11/2019 – DSP Group was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 1/10/2019 – DSP Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $14.00 price target on the stock. According to Zacks, “DSP Group, Inc. is a fabless semiconductor company, offering advanced chip-set solutions for a variety of applications. DSP Group is a worldwide leader in the short-range wireless communication market, enabling home networking convergence for voice, video & data. By combining its in-house technologies of Digital Signal Processors, portfolio of wireless communication protocols, including DECT, Bluetooth and Wi-Fi, most advanced Radio Frequency CMOS and SiGe, as well as VoIP ICs, DSP Group is a worldwide leader and a one-stop-shop for a wide range of applications. DSP Group ICs provide solutions for MP3 players, VoIP Phones, Gateways, and Integrated Access Devices and are widely used in Digital Voice Recorders. “

NASDAQ DSPG opened at $12.60 on Friday. DSP Group, Inc. has a 12 month low of $10.15 and a 12 month high of $13.45. The company has a market capitalization of $282.11 million, a P/E ratio of 54.78, a price-to-earnings-growth ratio of 4.03 and a beta of 0.68.

DSP Group (NASDAQ:DSPG) last released its earnings results on Monday, February 4th. The semiconductor company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. DSP Group had a negative net margin of 1.67% and a positive return on equity of 3.78%. The business had revenue of $26.06 million for the quarter, compared to the consensus estimate of $26.50 million. During the same period in the previous year, the firm earned $0.06 EPS. On average, analysts predict that DSP Group, Inc. will post 0.21 earnings per share for the current fiscal year.

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

Several hedge funds have recently added to or reduced their stakes in DSPG. Millennium Management LLC acquired a new stake in shares of DSP Group during the second quarter valued at approximately $5,198,000. Assenagon Asset Management S.A. acquired a new stake in shares of DSP Group during the third quarter valued at approximately $2,670,000. Vanguard Group Inc. raised its holdings in shares of DSP Group by 15.2% during the third quarter. Vanguard Group Inc. now owns 1,500,678 shares of the semiconductor company’s stock valued at $17,858,000 after acquiring an additional 197,804 shares during the period. Vanguard Group Inc raised its holdings in shares of DSP Group by 15.2% during the third quarter. Vanguard Group Inc now owns 1,500,678 shares of the semiconductor company’s stock valued at $17,858,000 after acquiring an additional 197,804 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of DSP Group by 499.5% during the third quarter. Russell Investments Group Ltd. now owns 158,973 shares of the semiconductor company’s stock valued at $1,892,000 after acquiring an additional 132,454 shares during the period. Institutional investors and hedge funds own 81.29% of the company’s stock.

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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