The stock of DSP Group, Inc. (NASDAQ:DSPG) is a huge mover today! The stock increased 4.81% or $0.5 during the last trading session, hitting $10.9. About 116,670 shares traded hands or 56.25% up from the average. DSP Group, Inc. (NASDAQ:DSPG) has risen 13.17% since March 29, 2016 and is uptrending. It has outperformed by 9.69% the S&P500.
The move comes after 9 months positive chart setup for the $234.14M company. It was reported on Oct, 31 by Barchart.com. We have $21.47 PT which if reached, will make NASDAQ:DSPG worth $227.12 million more.
DSP Group, Inc. (NASDAQ:DSPG) Ratings Coverage
Out of 3 analysts covering DSP Group (NASDAQ:DSPG), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. DSP Group has been the topic of 7 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Needham on Friday, July 31. The firm has “Buy” rating by Wunderlich given on Friday, July 31. The stock of DSP Group, Inc. (NASDAQ:DSPG) has “Buy” rating given on Tuesday, September 6 by Wunderlich. The stock has “Buy” rating given by Roth Capital on Thursday, September 1. Needham maintained it with “Buy” rating and $12.50 target price in Tuesday, August 2 report. The company was maintained on Wednesday, February 3 by Needham. The stock of DSP Group, Inc. (NASDAQ:DSPG) has “Buy” rating given on Tuesday, August 18 by TheStreet.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 0.83 in Q2 2016. Its down 0.23, from 1.06 in 2016Q1. The ratio dived, as 5 funds sold all DSP Group, Inc. shares owned while 35 reduced positions. 11 funds bought stakes while 22 increased positions. They now own 16.64 million shares or 1.70% less from 16.93 million shares in 2016Q1.
Psagot House has 9,420 shares for 0% of their US portfolio. California Public Employees Retirement Sys holds 0% of its portfolio in DSP Group, Inc. (NASDAQ:DSPG) for 45,400 shares. Moreover, Wells Fargo & Mn has 0% invested in DSP Group, Inc. (NASDAQ:DSPG) for 877,637 shares. Citigroup last reported 0% of its portfolio in the stock. New York State Common Retirement Fund, a New York-based fund reported 20,400 shares. State Of Tennessee Treasury Department last reported 0% of its portfolio in the stock. Blackrock Inv Mngmt Limited Liability Corp holds 0% or 132,101 shares in its portfolio. Public Sector Pension Investment Board holds 0% of its portfolio in DSP Group, Inc. (NASDAQ:DSPG) for 15,190 shares. Perritt Mgmt Inc reported 484,200 shares or 1.35% of all its holdings. Kbc Gp Nv accumulated 0% or 2,050 shares. Soros Fund Management Ltd Company has invested 0% of its portfolio in DSP Group, Inc. (NASDAQ:DSPG). Legal & General Gru Public Limited last reported 0% of its portfolio in the stock. Oxford Asset reported 13,283 shares or 0.01% of all its holdings. Harber Asset Limited Liability holds 0.87% or 147,637 shares in its portfolio. Rhumbline Advisers has invested 0% of its portfolio in DSP Group, Inc. (NASDAQ:DSPG).
Insider Transactions: Since May 2, 2016, the stock had 0 insider buys, and 6 selling transactions for $843,526 net activity. Shares for $139,904 were sold by Levy Dror. Shares for $19,519 were sold by Elyakim Ofer on Tuesday, May 10.
Another recent and important DSP Group, Inc. (NASDAQ:DSPG) news was published by Globenewswire.com which published an article titled: “DSP Group Inc.’s Third Quarter 2016 Earnings Release and Conference Call” on October 17, 2016.
DSPG Company Profile
DSP Group, Inc., incorporated on October 23, 1993, is a well-known provider of wireless chipset solutions for converged communications. The Firm delivers semiconductor system solutions with software and hardware reference creates and enables original equipment manufacturers (OEMs), original design manufacturers (ODMs), consumer electronics (CE) manufacturers and service providers to develop products. The Firm operates through three divisions: Home, Office and Mobile. It provides a portfolio of wireless chipsets integrating Digital Enhanced Cordless Telecommunications (DECT), Cordless Advanced Technology-Internet Quality (CAT-iq), Ultra Low Energy (ULE), Wireless Fidelity (Wi-Fi), Public Switched Telephone Network (PSTN), HDClear, video and Voice over Internet Protocol (VoIP) technologies. The Firm enables converged voice, audio and data connectivity across mobile, consumer and enterprise products, including connected multimedia terminals, mobile and wearable devices, home automation and security, cordless phones, VoIP systems and home gateways. It offers wireless voice and data transmission solutions for various applications, including mobile handsets. The Company’s technologies include Direct Sequence Spread Spectrum (DSSS), Frequency Hopping Spread Spectrum (FHSS), Orthogonal Frequency Digital Modulation (OFDM), Digital Narrow Band, Complementary Metal Oxide Semiconductor (CMOS), Gallium Arsenide (GaAs) technology and Silicon Germanium (SiGe) radio frequency (RF) chips. It offers systems-on-a-chip (SoC) and solution for VoIP, home, small office/home office (SoHo) and office IP phones.
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