Dsp Group Inc : William C. Martin’s Raging Capital Management Makes Purchase

December 8, 2017 - By Clifton Ray

 Dsp Group Inc : William C. Martin's Raging Capital Management Makes Purchase

Investors sentiment increased to 1.81 in 2017 Q2. Its up 0.64, from 1.17 in 2017Q1. It is positive, as 4 investors sold DSP Group, Inc. shares while 22 reduced holdings. 14 funds opened positions while 33 raised stakes. 16.34 million shares or 7.26% less from 17.62 million shares in 2017Q1 were reported.

State Board Of Administration Of Florida Retirement System owns 0% invested in DSP Group, Inc. (NASDAQ:DSPG) for 44,082 shares. Ny State Teachers Retirement Systems has invested 0% of its portfolio in DSP Group, Inc. (NASDAQ:DSPG). Geode Cap Lc has 215,351 shares. Awm Investment Company has invested 1.53% in DSP Group, Inc. (NASDAQ:DSPG). Invesco Limited has 0% invested in DSP Group, Inc. (NASDAQ:DSPG). Comerica National Bank owns 0% invested in DSP Group, Inc. (NASDAQ:DSPG) for 23,015 shares. Tower Rech Cap Lc (Trc) reported 0% of its portfolio in DSP Group, Inc. (NASDAQ:DSPG). Soros Fund Mgmt Lc has 36,666 shares for 0.01% of their portfolio. State Of Alaska Department Of Revenue accumulated 4,380 shares. Blackrock Inc has invested 0% in DSP Group, Inc. (NASDAQ:DSPG). Psagot Invest House Limited holds 0% in DSP Group, Inc. (NASDAQ:DSPG) or 1,480 shares. Sensato Lc reported 160,533 shares. Tfs Cap Ltd Liability holds 10,255 shares. Vanguard Gp Inc owns 0% invested in DSP Group, Inc. (NASDAQ:DSPG) for 1.16 million shares. State Street Corp holds 0% or 558,027 shares in its portfolio.

The New William C. Martin’s Raging Capital Management Holding in Dsp Group Inc

Raging Capital Management reported SC 13D/A form with the SEC for Dsp Group Inc . Access it here: 000092189517002810. As reported by William C. Martin’s Raging Capital Management, the filler owns 9.2% or 2,061,832 shares of the Information Technology–company.

Dsp Group Inc stake is new for [reportingPerson]. Date of activity: December 5, 2017. This shows William C. Martin’s Raging Capital Management’s positive view for Dsp Group Inc . For a hedge fund managing $631.31 million in assets and having 7+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of William C. Martin’s Raging Capital Management’s portfolio is in the sector.

Dsp Group Inc Institutional Sentiment

Filings show 89 investors own Dsp Group Inc . The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 5745312. 22004184 were owned by these investors. 8 funds opened new Dsp Group Inc stakes, 37 increased positions. There were 18 that closed positions and 29 reduced them.

Raymond J. Harbert Harber Asset Management Llc is an investor bullish on Dsp Group Inc , owning 124886 shares as of Q3 2015 for 0.73% of its portfolio. Perritt Capital Management Inc owns 475100 shares or 0.91% of its portfolio. E9 Ion Asset Management Ltd have 3.82% of its portfolio for 300547 shares. Further, Awm Investment Company Inc reported stake worth 1.30% of its portfolio. The MD Roumell Asset Management Llc owns 321361 shares. Dsp Group Inc is 5.94% of its portfolio.

SEC Form 13D.

William C. Martin’s Raging Capital Management website.

Analysts await DSP Group, Inc. (NASDAQ:DSPG) to report earnings on February, 1. They expect $0.04 EPS, down 42.86 % or $0.03 from last year’s $0.07 per share. DSPG’s profit will be $892,920 for 81.25 P/E if the $0.04 EPS becomes a reality. After $0.10 actual EPS reported by DSP Group, Inc. for the previous quarter, Wall Street now forecasts -60.00 % negative EPS growth.

The stock decreased 1.89% or $0.25 during the last trading session, reaching $13. About 176,668 shares traded or 179.19% up from the average. DSP Group, Inc. (NASDAQ:DSPG) has risen 26.15% since December 8, 2016 and is uptrending. It has outperformed by 9.45% the S&P500.

DSP Group, Inc., a fabless semiconductor company, provides wireless and audio chipset solutions for converged communications worldwide. The company has market cap of $290.20 million. It operates through three divisions: Home, Office, and Mobile. It currently has negative earnings. The firm provides a portfolio of wireless chipsets that integrate DECT/CAT-iq, ULE, Wi-Fi, PSTN, HDClear, video, and VoIP technologies.

DSP Group, Inc. (NASDAQ:DSPG) Ratings Coverage

Among 4 analysts covering DSP Group (NASDAQ:DSPG), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. DSP Group has $16.0 highest and $10 lowest target. $15’s average target is 15.38% above currents $13 stock price. DSP Group had 10 analyst reports since July 31, 2015 according to SRatingsIntel. As per Friday, July 31, the company rating was maintained by Needham. The company was initiated on Thursday, September 1 by Roth Capital. The firm has “Buy” rating by Needham given on Tuesday, August 2. The firm has “Buy” rating by TheStreet given on Tuesday, August 18. The rating was maintained by Needham with “Buy” on Thursday, July 27. The firm has “Buy” rating by Needham given on Wednesday, February 3. Wunderlich maintained the shares of DSPG in report on Friday, July 31 with “Buy” rating. Wunderlich maintained it with “Buy” rating and $14 target in Tuesday, September 6 report.

More notable recent DSP Group, Inc. (NASDAQ:DSPG) news were published by: Globenewswire.com which released: “DSP Group and Emza Visual Sense Partner to Create Commercially Available Ultra …” on April 04, 2017, also Globenewswire.com with their article: “DSP Group Inc.’s Third Quarter 2017 Earnings Release and Conference Call” published on October 10, 2017, Globenewswire.com published: “DSP Group, Inc. Reports Third Quarter 2017 Results” on November 02, 2017. More interesting news about DSP Group, Inc. (NASDAQ:DSPG) were released by: Globenewswire.com and their article: “DSP Group Inc.’s Second Quarter 2017 Earnings Release and Conference Call” published on July 10, 2017 as well as Globenewswire.com‘s news article titled: “DSP Group and LISNR® Partner to Create Commercially Available, Advanced, Ultra …” with publication date: August 10, 2017.

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