Dsp Group Inc /de/ (DSPG) Files Form 4 Insider Selling : Ofer Elyakim Sells 2,046 Shares

Dsp Group Inc /de/ (DSPG): Ofer Elyakim , CEO of Dsp Group Inc /de/ sold 2,046 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $9.54 per share for a total value of $19,518.84 , 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 10, 2016, Ofer Elyakim (CEO) sold 2,984 shares at $9.52 per share price.On May 3, 2016, Dror Levy (VP and CFO) sold 9,430 shares at $9.45 per share price.Also, On Feb 12, 2016, David Dahan (VP and COO) sold 7,753 shares at $8.27 per share price.On Aug 28, 2015, Kenneth H Traub (director) purchased 10,000 shares at $8.59 per share price.

DSP Group: On Tuesday, May 10, 2016 heightened volatility was witnessed in DSP Group which led to swings in the share price. The shares opened for trading at $9.49 and hit $9.67 on the upside , eventually ending the session at $9.5, with a gain of 0.64% or 0.06 points. The heightened volatility saw the trading volume jump to 35,900 shares. The 52-week high of the share price is $11.5 and the company has a market cap of $206 M . The 52-week low of the share price is at $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.

Leave a Reply

DSP Group - Is it time to Sell?

Top Brokerage Firms are advising their investors on DSP Group. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.