Traders are more bullish on the company as implied by the change in short interest. The firm experienced a fall in short interest of -7.49% between September 29, 2017 and October 13, 2017. Short shares decreased 12,685 over that timeframe. Days to cover decreased from 3.0 to 2.0 and the short interest percentage is 0.01% as of October 13.
A few notable investment firms have updated their holdings. As of quarter end Mason Street Advisors, LLC had acquired a total of 168 shares growing its stake by 3.1%. The value in dollars increased from $63,000 to $73,000 a change of $10,000 since the last quarter. As of the end of the quarter Alliancebernstein L.P. had sold 1,300 shares trimming its position 3.6%. The value of the investment in D S P Group Inc went from $415,000 to $449,000 increasing 8.2% quarter over quarter.
California State Teachers Retirement System trimmed its ownership by shedding 4,024 shares a decrease of 10.4% from 06/30/2017 to 09/30/2017. California State Teachers Retirement System owns 34,710 shares worth $451,000. The value of the position overall is up by 0.4%. As of the end of the quarter Dimensional Fund Advisors Lp had sold 26,342 shares trimming its holdings by 1.4%. The value of the company’s investment in D S P Group Inc increased from $21,625,000 to $23,893,000 a change of 10.5% for the reporting period.
On November 2 Canaccord Genuity held the company rating at “Buy” targeting a price of $16.00.
The company is now down since yesterday’s close of 12.55. D S P Group Inc’s P/E ratio is N/A and market capitalization is 278.81M. In the latest earnings report the EPS was $-0.07 with 22.32M shares presently outstanding.
DSP Group, Inc., launched on September 23, 1993, 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 (OEMs), original design manufacturers (ODMs), consumer electronics (CE) manufacturers and service providers to develop new products. The Business’s segments include Home, Office and Mobile. The Home segment includes wireless chipset solutions for converged communication at home. The Office segment offers solution for Voice-over-Internet protocol (VoIP) office products, including office solutions that provide businesses with VoIP terminals with converged voice and data applications. The Mobile segment offers products for the mobile market that provides voice enhancement, always-on and far-end noise elimination targeted for mobile phone and mobile headsets and wearable devices that incorporate the Business’s noise suppression and voice quality enhancement HDClear technology..