DSP Group, Inc. (NASDAQ:DSPG) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 148,400 shares, a decline of 23.5% from the May 30th total of 194,000 shares. Based on an average daily volume of 161,500 shares, the short-interest ratio is presently 0.9 days. Currently, 0.7% of the company’s stock are sold short.

Several institutional investors have recently added to or reduced their stakes in DSPG. Clal Insurance Enterprises Holdings Ltd acquired a new position in DSP Group during the first quarter worth $748,000. Group One Trading L.P. acquired a new position in DSP Group during the first quarter worth $176,000. Kennedy Capital Management Inc. raised its holdings in DSP Group by 33.0% during the first quarter. Kennedy Capital Management Inc. now owns 775,999 shares of the semiconductor company’s stock worth $10,918,000 after purchasing an additional 192,334 shares during the last quarter. Delek Group Ltd. acquired a new position in DSP Group during the first quarter worth $272,000. Finally, EAM Global Investors LLC acquired a new position in DSP Group during the first quarter worth $1,339,000. 79.11% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on DSPG. Dougherty & Co began coverage on Catasys in a research note on Tuesday, May 7th. They issued a “buy” rating on the stock. Cowen reiterated a “hold” rating and issued a $353.00 target price on shares of Regeneron Pharmaceuticals in a research note on Tuesday, May 7th. BidaskClub upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 6th. Finally, Zacks Investment Research upgraded Green Brick Partners from a “sell” rating to a “hold” rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $17.25.

Shares of DSPG stock traded up $0.38 during trading hours on Friday, reaching $14.47. 144,511 shares of the company’s stock were exchanged, compared to its average volume of 290,862. DSP Group has a 1 year low of $10.15 and a 1 year high of $15.67. The stock has a market cap of $320.05 million, a PE ratio of 62.91, a PEG ratio of 7.42 and a beta of 0.70. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.93 and a current ratio of 3.36. The firm has a fifty day moving average price of $14.09.

DSP Group (NASDAQ:DSPG) last issued its quarterly earnings results on Monday, May 6th. The semiconductor company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04. DSP Group had a positive return on equity of 4.48% and a negative net margin of 1.08%. The business had revenue of $28.28 million for the quarter, compared to analyst estimates of $29.10 million. On average, equities analysts expect that DSP Group will post 0.13 earnings per share for the current fiscal year.

DSP Group Company Profile

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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