Equities analysts expect DSP Group, Inc. (NASDAQ:DSPG) to announce earnings per share (EPS) of ($0.12) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for DSP Group’s earnings. DSP Group reported earnings of ($0.13) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.7%. The firm is scheduled to report its next earnings results before the market opens on Thursday, April 27th.
On average, analysts expect that DSP Group will report full year earnings of ($0.03) per share for the current year. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for DSP Group.
DSP Group (NASDAQ:DSPG) last posted its quarterly earnings results on Thursday, February 2nd. The semiconductor company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.04. DSP Group had a net margin of 3.49% and a return on equity of 2.34%. The firm had revenue of $35.30 million for the quarter, compared to the consensus estimate of $35 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year.
Several analysts recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price objective (up from $12.50) on shares of DSP Group in a research note on Thursday, April 6th. Canaccord Genuity reaffirmed a “buy” rating and issued a $14.00 price objective on shares of DSP Group in a research note on Tuesday, January 10th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $13.80.
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A number of hedge funds have recently added to or reduced their stakes in DSPG. Thrivent Financial for Lutherans raised its stake in DSP Group by 5.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 11,620 shares of the semiconductor company’s stock valued at $152,000 after buying an additional 560 shares during the period. Comerica Bank raised its stake in DSP Group by 5.6% in the fourth quarter. Comerica Bank now owns 23,268 shares of the semiconductor company’s stock valued at $273,000 after buying an additional 1,236 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in DSP Group by 13.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,381 shares of the semiconductor company’s stock valued at $214,000 after buying an additional 1,992 shares during the period. Cadence Capital Management LLC raised its stake in DSP Group by 2.6% in the fourth quarter. Cadence Capital Management LLC now owns 92,343 shares of the semiconductor company’s stock valued at $1,205,000 after buying an additional 2,341 shares during the period. Finally, Zacks Investment Management raised its stake in DSP Group by 8.2% in the third quarter. Zacks Investment Management now owns 63,069 shares of the semiconductor company’s stock valued at $757,000 after buying an additional 4,774 shares during the period. 78.44% of the stock is currently owned by institutional investors and hedge funds.
DSP Group (NASDAQ:DSPG) traded down 1.21% during midday trading on Friday, reaching $12.25. 77,804 shares of the company’s stock were exchanged. DSP Group has a 12 month low of $8.80 and a 12 month high of $14.20. The company has a market cap of $270.32 million, a P/E ratio of 58.33 and a beta of 0.97. The company has a 50 day moving average price of $11.56 and a 200 day moving average price of $11.35.
DSP Group Company Profile
DSP Group, Inc is a global provider of wireless and audio chipset solutions for converged communications. Delivering semiconductor system solutions with software and hardware reference designs, the Company enables original equipment manufacturers, original design manufacturers, consumer electronics manufacturers and service providers to develop new products.
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