Dsp Group Inc /de/ (DSPG) Files Form 4 Insider Selling : Dror Levy Sells 9,430 Shares

Dsp Group Inc /de/ (DSPG): Dror Levy , VP and CFO of Dsp Group Inc /de/ sold 9,430 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $9.45 per share for a total value of $89,131.41 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 3, 2016, Ofer Elyakim (CEO) sold 14,313 shares at $9.51 per share price.On Feb 12, 2016, David Dahan (VP and COO) sold 7,753 shares at $8.27 per share price.Also, On Aug 28, 2015, Kenneth H Traub (director) purchased 10,000 shares at $8.59 per share price.On May 6, 2015, Dror Levy (VP and CFO) sold 14,768 shares at $11.49 per share price.

Shares of DSP Group (DSPG) ended Monday, May 2, 2016 session in red amid volatile trading. The shares closed down -0.13 points or -1.37% at $9.37 with 59,285 shares getting traded. Post opening the session at $9.5, the shares hit an intraday low of $9.32 and an intraday high of $9.58 and the price vacillated in this range throughout the day. The company has a market cap of $204 M and the number of outstanding shares has been calculated to be 2,17,31,537 shares. The 52-week high of DSP Group is $11.6 and the 52-week low is $7.89.

DSP Group Money Flow Index Chart

Company has been under the radar of several Street Analysts.DSP Group is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 11 from a previous price target of $10 .The Rating was issued on May 2, 2016.DSP Group is Initiated by Lake Street to Buy and the brokerage firm has set the Price Target at $10. The Rating was issued on Feb 17, 2016.

DSP Group Inc. is a global provider of wireless chipset solutions for converged communications. The Company enables original equipment manufacturers (OEMs) original design manufacturers (ODMs) consumer electronics (CE) manufacturers and service providers to develop products. It provides a portfolio of wireless chipsets integrating Digital Enhanced Cordless Telecommunications (DECT); Cordless Advanced Technology – Internet Quality (CAT-iq) Ultra Low Energy (ULE) Wi-Fi video Voice over Internet Protocol (VoIP) Public Switched Telephone Network (PSTN) HDClear (previously BoneTone) noise suppression and voice quality enhancement technologies. It offers wireless voice and data transmission solutions for various applications including mobile handsets. Its three segments include home office and mobile.

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