In a report released today, Rajvindra Gill from Needham maintained a Buy rating on DSP Group (DSPG), with a price target of $15. The company’s shares closed yesterday at $12.24.
According to TipRanks.com, Gill is a 5-star analyst with an average return of 11.0% and a 52.2% success rate. Gill covers the Consumer Goods sector, focusing on stocks such as Everspin Technologies Inc, Smart Global Holdings Inc, and Adesto Technologies Corp.
Currently, the analyst consensus on DSP Group is a Moderate Buy with an average price target of $15.
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Based on DSP Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $405K. In comparison, last year the company had a GAAP net loss of $129K.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is neutral on the stock. Most recently, in November 2018, Yair Seroussi, a Director at DSPG sold 15,000 shares for a total of $185,850.
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DSP Group, Inc. engages in the provision of wireless chipset solutions for converged communications. It operates through the following segments: Home, Office, and SmartVoice. The Home segment offers wireless chipset solutions at home. The Office segment comprises of portfolio solutions for VoIP terminals.
