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New York: DSP Group (NASDAQ:DSPG)’s Stock Had Its Buy Rating Restated at Dougherty & Co in Report Issued Today. Has $17.0 Target

London DSP Group NASDAQ:DSPG

DSP Group (NASDAQ:DSPG) Rating Reconfirmed

NASDAQ:DSPG is at the moment trading 0.00% lower at $12.45 as of 4:10 AM New York time. DSP Group’s stock is 0% over the last 200 days. It has underperformed the Standard & Poor’s 500 index, which has surged 6.00% over the same time.

Out of 5 analysts covering DSP Group, 5 rate it a Buy, 0 indicate a Hold while 0 suggest a Sell. The highest target is $19 and the lowest is $10 according to Thomson/First Call. The 12-month mean target is $13.4, which means upside potential of 7.63% over the current price.

Institutional Ownership

Roumell Asset Management Llc had the most significant stake with ownership of 165,096 shares as of Q2 2015 for 6.06% of the US long Equity Exposure. Raging Capital Management Llc is another bull as the investment manager who is possessing 1.35M shares of DSP Group or 2.24% of their US long equity exposure. Moreover, Awm Investment Company Inc. have 1.64% of their US long equity exposure invested in the company for 743,639 shares. The Illinois-based fund Perritt Capital Management Inc revealed it had purchased so far a stake worth about 1.45% of the investment manager’s stock portfolio in DSP Group. The Cayman Islands-based fund Ion Asset Management Ltd. is also positive about the stock, possessing 484,700 shares or 0.72% of their US long equity exposure.

DSP Group (NASDAQ:DSPG) 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. Its segments include Home, Office and Mobile.

DSP Group (NASDAQ:DSPG) closed at $12.45 yesterday. A total of 127,835 shares of the company’s stock traded hands. This is up from average of 105,811 shares. DSP Group has a 52 week low of $9.03 and a 52 week high of $14.2. The company has a market cap of $276.52 million and a P/E ratio of 60.74.

Get the latest DSP Group (NASDAQ:DSPG) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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New York: DSP Group (NASDAQ:DSPG)’s Stock Had Its Buy Rating Restated at Dougherty & Co in Report Issued Today. Has $17.0 Target

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