Synaptics (SYNA) has agreed to acquire DSP Group (DSPG) for an all-cash transaction of $22 per share. The deal is expected to close by the end of 2021. While DSP
Synaptics (SYNA) has agreed to acquire DSP Group (DSPG) for an all-cash transaction of $22 per share. The deal is expected to close by the end of 2021. While DSP
Analysts fell to the sidelines weighing in on DSP Group (DSPG – Research Report) and Novanta (NOVT – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
DSP Group (DSPG)
Needham analyst Rajvindra Gill downgraded DSP Group to Hold today. The company’s shares closed last Monday at $21.99, close to its 52-week high of $22.00.
According to TipRanks.com, Gill is a top 100 analyst with an average return of
Currently, the analyst consensus on DSP Group is a Hold with an average price target of $23.00, representing a 5.2% upside. In a report released yesterday, Colliers Securities also downgraded the stock to Hold.
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Novanta (NOVT)
In a report released yesterday, Andrew Buscaglia from Berenberg Bank maintained a Hold rating on Novanta, with a price target of $129.00. The company’s shares closed last Monday at $150.80, close to its 52-week high of $153.11.
According to TipRanks.com, Buscaglia is ranked #3399 out of 7641 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Novanta with a $128.00 average price target.
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Colliers Securities analyst Derek Soderberg downgraded DSP Group (DSPG – Research Report) to Hold today. The company’s shares closed last Monday at $21.92.
According to TipRanks.com, Soderberg is a 3-star analyst with an average return of 5.2% and a 62.0% success rate. Soderberg covers the Technology sector, focusing on stocks such as Enthusiast Gaming Holdings, Lattice Semiconductor, and Sierra Wireless.
Currently, the analyst consensus on DSP Group is a Moderate Buy with an average price target of $22.00, implying a 0.6% upside from current levels. In a report released today, Roth Capital also downgraded the stock to Hold with a $22.00 price target.
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Based on DSP Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $35.81 million and GAAP net loss of $399K. In comparison, last year the company earned revenue of $28.34 million and had a GAAP net loss of $1.08 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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. The SmartVoice segment provides intelligent voice enhancement and noise elimination. The company was founded in 1987 and is headquartered in Milpitas, CA.
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Companies in the Technology sector have received a lot of coverage today as analysts weigh in on DSP Group (DSPG – Research Report), Global Payments (GPN – Research Report) and Limelight Networks (LLNW – Research Report).
DSP Group (DSPG)
Needham analyst Rajvindra Gill reiterated a Buy rating on DSP Group today and set a price target of $20.00. The company’s shares closed last Tuesday at $16.50.
According to TipRanks.com, Gill is a 5-star analyst with an average return of
DSP Group has an analyst consensus of Strong Buy, with a price target consensus of $21.00, implying a 29.4% upside from current levels. In a report released today, Cowen & Co. also maintained a Buy rating on the stock with a $24.00 price target.
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Global Payments (GPN)
Morgan Stanley analyst James Faucette maintained a Hold rating on Global Payments today and set a price target of $219.00. The company’s shares closed last Tuesday at $169.00.
According to TipRanks.com, Faucette is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Global Payments with a $230.74 average price target, a 32.2% upside from current levels. In a report released yesterday, Mizuho Securities also maintained a Hold rating on the stock with a $190.00 price target.
Limelight Networks (LLNW)
In a report released today, Brett Feldman from Goldman Sachs maintained a Sell rating on Limelight Networks, with a price target of $2.30. The company’s shares closed last Tuesday at $2.84, close to its 52-week low of $2.42.
According to TipRanks.com, Feldman is ranked #809 out of 7616 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Limelight Networks with a $3.50 average price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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Colliers Securities analyst Derek Soderberg reiterated a Buy rating on DSP Group (DSPG – Research Report) today and set a price target of $19.00. The company’s shares closed last Monday at $16.25.
According to TipRanks.com, Soderberg is a 1-star analyst with an average return of -1.3% and a 46.2% success rate. Soderberg covers the Technology sector, focusing on stocks such as Enthusiast Gaming Holdings, Lattice Semicon, and Axon Enterprise.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for DSP Group with a $19.50 average price target.
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DSP Group’s market cap is currently $388.8M and has a P/E ratio of -64.20. The company has a Price to Book ratio of 2.80.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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. The SmartVoice segment provides intelligent voice enhancement and noise elimination. The company was founded in 1987 and is headquartered in Milpitas, CA.
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