DSP Group (NASDAQ:DSPG) posted its quarterly earnings results on Tuesday. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.03, Fidelity Earnings reports. The firm had revenue of $31.04 million during the quarter, compared to analyst estimates of $31.00 million. DSP Group had a positive return on equity of 4.40% and a negative net margin of 1.24%.
Shares of DSPG traded up $0.20 during trading hours on Friday, hitting $15.55. The company had a trading volume of 6,619 shares, compared to its average volume of 98,516. The firm has a fifty day moving average price of $14.42 and a 200-day moving average price of $14.38. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.79 and a current ratio of 3.47. The stock has a market capitalization of $356.43 million, a price-to-earnings ratio of 67.39, a P/E/G ratio of 14.14 and a beta of 0.77. DSP Group has a 52-week low of $10.54 and a 52-week high of $16.30.
DSPG has been the subject of several recent analyst reports. Zacks Investment Research lowered DSP Group from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine lowered DSP Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Needham & Company LLC set a $18.00 price target on DSP Group and gave the stock a “buy” rating in a research report on Wednesday, July 31st. BidaskClub raised DSP Group from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Cowen lifted their price target on DSP Group from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $18.00.
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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