Needham Sticks to Its Buy Rating for DSP Group (DSPG)


In a report released yesterday, 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 $15.38, close to its 52-week high of $15.58.

According to TipRanks.com, Gill is a 5-star analyst with an average return of 12.3% and a 59.3% success rate. Gill covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Everspin Technologies Inc, and Smart Global Holdings Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for DSP Group with a $15 average price target.

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Based on DSP Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $1.07 million. In comparison, last year the company had a GAAP net loss of $1.75 million.

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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.

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