DSP Group, Inc., a fabless semiconductor company, provides wireless chipset solutions. It operates through three segments: Home, Unified Communications, and SmartVoice. The Home segment offers wireless chipset solutions for converged communication at home, including integrated circuits for cordless phones, home gateway devices, integrated circuits addressing home automation applications, and fixed-mobile convergence solutions. The Unified Communications segment offers solution for unified communications products, including office solutions that offer businesses VoIP terminals with converged voice and data applications. The SmartVoice segment offers products for the SmartVoice market that provide voice activation and recognition, voice enhancement, always-on and far-end noise elimination that target mobile phones, mobile headsets, and other devices. The company markets and distributes its products through direct sales and marketing offices; and a network of global distributors to original equipment manufacturers and original design manufacturers. It has operations in the United States, Europe, Israel, Hong Kong, China, Japan, South Korea, Taiwan, India, Switzerland, and internationally. DSP Group has collaboration with Cloud of Things to introduce IoT cloud services gateway. DSP Group, Inc. was incorporated in 1987 and is headquartered in San Jose, California.
IPO Year: 1994
Exchange: NASDAQ
Website: dspg.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/31/2021 | Buy → Hold | Lake Street | |
| 8/31/2021 | $24.00 → $22.00 | Outperform → Market Perform | Cowen & Co. |
| 8/31/2021 | Buy → Hold | Needham |
Third Quarter Revenues of $37.8 Million, an Increase of 45% YoYGAAP and Non-GAAP Gross Margins of 55.3% and 55.7%, respectively SAN JOSE, Calif., Nov. 03, 2021 (GLOBE NEWSWIRE) -- DSP Group®, Inc. (NASDAQ:DSPG), a leading global provider of wireless chipset solutions for converged communications, announced today its results for the third quarter ended September 30, 2021. Third Quarter Financial Highlights (and Comparison to Third Quarter of 2020): Revenue breakdown (USD in millions) Q3 2021 Q3 2020 vs. Q3 2020IoAT Revenues: SmartVoice$5.96 $7.20 down 17%SmartHome$6.86 $3.69 up 86%Unified Communications$14.42 $2.59 up 458%Total IoAT Revenues $27.24 $13.48 up 102%Cordless Revenu
SAN JOSE, Calif., Aug. 30, 2021 (GLOBE NEWSWIRE) -- Synaptics Incorporated (Nasdaq: SYNA) and DSP Group, Inc. (NASDAQ:DSPG) today announced the signing of a definitive agreement, unanimously approved by the boards of directors of both companies, whereby Synaptics acquires DSP Group, a leading global provider of voice and wireless chipset solutions for converged communications, at $22.00 per share in an all-cash transaction. The combination is anticipated to generate annual run rate synergies of $30 million for the new entity to be realized within 12 months of closing and is immediately accretive to Synaptics' non-GAAP earnings. The transaction is expected to be financed through a combinati
Record IoAT Revenues of 24.8M, Up 35% YoY; Reaching 69% of Total RevenuesRecord non-GAAP Gross Margins of 54.1%Second Quarter Revenues of $35.8M, Up 26% YoY SAN JOSE, Calif., Aug. 02, 2021 (GLOBE NEWSWIRE) -- DSP Group®, Inc. (NASDAQ:DSPG), a leading global provider of voice and wireless chipset solutions for converged communications, announced today its results for the second quarter ended June 30, 2021. Second Quarter Financial Highlights (and Comparisons to Second Quarter of 2020): Revenue breakdown (USD in millions) Q2 2021 Q2 2020 vs. Q2 2020IoAT Revenues: SmartVoice$7.20 $3.95 up 82%SmartHome$5.74 $4.30 up 33%Unified Communications$11.82 $10.15 up 16%Total IoAT Revenues $24.7
Believes the Stern-Controlled Board's Decision to Challenge Our Special Meeting Demand – Without Any Valid Justification – Reinforces the Need for Objective and Independent Perspectives in the Boardroom Contends the Company is Making Misleading Claims About Murchinson to Distract from Mr. Stern Having Presided Over a More Than 77% Share Price Decline Since Becoming Chairman Puts Forward Proposals to Remove Four Incumbents and Appoint Two Highly Qualified, Independent Director Candidates with Sorely Needed Capital Allocation Acumen and Corporate Governance Expertise Sees a Clear Opportunity to Optimize Nano Dimension's Overcapitalized Balance Sheet, Explore Strategic Options to Maximize V
SAN JOSE, Calif., April 26, 2021 (GLOBE NEWSWIRE) -- DSP Group, Inc. (NASDAQ:DSPG), a leading global provider of wireless chipset solutions for converged communications, today announced the appointment of industry veteran Claus Stetter to the role of Vice President Marketing and Communications, effective immediately. Stetter joins at an exciting time for DSP Group in which the company enhances its product offerings and solidifies its market position in the Internet of Audio Things (IoAT) with world best-in-class solutions for both voice and IoT. "Now, with Claus joining the team, we will increase our focus on enhancing and strengthening our brand identity, communications, and overall mark
SAN JOSE, Calif., April 19, 2021 (GLOBE NEWSWIRE) -- DSP Group, Inc. (NASDAQ:DSPG), a leading global provider of wireless chipset solutions for converged communications, today announced the appointment of Mrs. Shira Fayans Birenbaum to its Board of Directors, effective April 12, 2021. Gabi Seligsohn, who has served on the Company's board during the past eight years, will not stand for re-election at the 2021 annual shareholders meeting in light of his recent appointment as executive chairman of an energy storage company listed on the Tel-Aviv stock exchange. "We are very pleased to add a business executive of Shira's caliber to our Board. We are confident that with her record of acc
Believes History of Underperformance, Poor Decision Making and Reckless Capital Allocation Under Incumbent Board Warrant Urgent Change Rubric's Nominees – Thomas A. Lacey and Deborah S. Conrad – Bring Necessary Leadership Experience, Marketing Knowledge, and Financial and Corporate Strategy Expertise to Drive Sustained Growth and Profitability Files Preliminary Proxy Statement for Xperi's 2024 Annual Meeting of Stockholders Rubric Capital Management LP ("Rubric"), an investment advisor whose managed funds and accounts collectively own approximately 9.1% of the outstanding shares of common stock of Xperi Inc. (NYSE:XPER) ("Xperi" or the "Company"), today announced that it has nominate
Incremental $25 Million of Capital to be Returned as Special Cash Dividend Delivering In Aggregate $50 Million Special Cash Dividend Payable in Q2 2023 Cynthia Paul and Ron Mitchell Appointed to Board of Directors; Company to Pursue Board Declassification by 2026 Annual Meeting Enters into Cooperation Agreement with Indaba Capital Management ON24 (NYSE:ONTF) ("ON24" or the "Company"), a leading sales and marketing platform for B2B digital engagement, today announced that its Board of Directors (the "Board") has authorized an expansion of its recently announced capital return program and a series of governance enhancements. $125 Million Capital Return Authorization The ON24 Board of Dir
Believes the Stern-Controlled Board's Decision to Challenge Our Special Meeting Demand – Without Any Valid Justification – Reinforces the Need for Objective and Independent Perspectives in the Boardroom Contends the Company is Making Misleading Claims About Murchinson to Distract from Mr. Stern Having Presided Over a More Than 77% Share Price Decline Since Becoming Chairman Puts Forward Proposals to Remove Four Incumbents and Appoint Two Highly Qualified, Independent Director Candidates with Sorely Needed Capital Allocation Acumen and Corporate Governance Expertise Sees a Clear Opportunity to Optimize Nano Dimension's Overcapitalized Balance Sheet, Explore Strategic Options to Maximize V
NEW YORK, Nov. 24, 2021 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the opening of trading on Thursday, December 2: Bruker BioSciences Corp. (NASD:BRKR) will replace KAR Auction Services Inc. (NYSE:KAR) in the S&P MidCap 400, and KAR Auction Services will replace Meredith Corp. (NYSE:MDP) in the S&P SmallCap 600. Meredith is being acquired in a two-step transaction that is expected to be completed on or about December 1. KAR Auctions is more representative of the small-cap market space.Cars.com Inc. (NYSE:CARS) will replace DSP Group Inc. (NASD:DSPG) in the S&P SmallCap 600. S&P MidCap 400 constituent Sy
Third Quarter Revenues of $37.8 Million, an Increase of 45% YoYGAAP and Non-GAAP Gross Margins of 55.3% and 55.7%, respectively SAN JOSE, Calif., Nov. 03, 2021 (GLOBE NEWSWIRE) -- DSP Group®, Inc. (NASDAQ:DSPG), a leading global provider of wireless chipset solutions for converged communications, announced today its results for the third quarter ended September 30, 2021. Third Quarter Financial Highlights (and Comparison to Third Quarter of 2020): Revenue breakdown (USD in millions) Q3 2021 Q3 2020 vs. Q3 2020IoAT Revenues: SmartVoice$5.96 $7.20 down 17%SmartHome$6.86 $3.69 up 86%Unified Communications$14.42 $2.59 up 458%Total IoAT Revenues $27.24 $13.48 up 102%Cordless Revenu
SAN JOSE, Calif., Aug. 30, 2021 (GLOBE NEWSWIRE) -- Synaptics Incorporated (Nasdaq: SYNA) and DSP Group, Inc. (NASDAQ:DSPG) today announced the signing of a definitive agreement, unanimously approved by the boards of directors of both companies, whereby Synaptics acquires DSP Group, a leading global provider of voice and wireless chipset solutions for converged communications, at $22.00 per share in an all-cash transaction. The combination is anticipated to generate annual run rate synergies of $30 million for the new entity to be realized within 12 months of closing and is immediately accretive to Synaptics' non-GAAP earnings. The transaction is expected to be financed through a combinati
Record IoAT Revenues of 24.8M, Up 35% YoY; Reaching 69% of Total RevenuesRecord non-GAAP Gross Margins of 54.1%Second Quarter Revenues of $35.8M, Up 26% YoY SAN JOSE, Calif., Aug. 02, 2021 (GLOBE NEWSWIRE) -- DSP Group®, Inc. (NASDAQ:DSPG), a leading global provider of voice and wireless chipset solutions for converged communications, announced today its results for the second quarter ended June 30, 2021. Second Quarter Financial Highlights (and Comparisons to Second Quarter of 2020): Revenue breakdown (USD in millions) Q2 2021 Q2 2020 vs. Q2 2020IoAT Revenues: SmartVoice$7.20 $3.95 up 82%SmartHome$5.74 $4.30 up 33%Unified Communications$11.82 $10.15 up 16%Total IoAT Revenues $24.7
SAN JOSE, Calif., July 15, 2021 (GLOBE NEWSWIRE) -- DSP Group® Inc. (NASDAQ:DSPG), will release its earnings results for the second quarter of 2021 on August 2nd, 2021 before market opens. The company would like to invite you to participate in a conference call at 8:30AM ET. DSP Group's management team will comment on the financial results and press release and be available to answer questions.Investors may access the conference call by dialing + 18778709135 (domestic US) or +44 (0) 2071 928338 (international) approximately 10 minutes prior to the starting time. The password is 1974048. A replay of the conference call will be available for a week following the call. To listen to the sessio
SAN JOSE, Calif., July 01, 2021 (GLOBE NEWSWIRE) -- DSP Group, Inc. (NASDAQ:DSPG), a leading global provider of wireless and voice-processing chipset solutions for converged communications, and Alango Technologies, a leading developer and licensor of front-end voice enhancement technologies, today announced the availability of Alango's Extended Voice Communication Package (eVCP) on DSP Group's DBMD7 SmartVoice processor. The combination allows providers of high-performance voice conferencing systems to quickly develop solutions for a rapidly evolving unified communications market that demands the best in voice clarity and system flexibility. Alango's eVCP was developed to enable hands-fre
First quarter revenues of $32.6 million, 16% YoY growthRecord IoAT revenues of 20.8 million, 14% YoY growthRecord non-GAAP gross margins of 52.7% SAN JOSE, Calif., May 03, 2021 (GLOBE NEWSWIRE) -- DSP Group®, Inc. (NASDAQ:DSPG), a leading global provider of voice and wireless chipset solutions for converged communications, announced today its results for the first quarter ended March 31, 2021. First Quarter Financial Highlights (and Comparisons to First Quarter of 2020): Revenue breakdown (USD in millions) Q1 2021 Q1 2020 vs. Q1 2020IoAT Revenues: SmartVoice$6.00 $4.00 up 50%SmartHome$4.80 $4.00 up 22%Unified Communications$10.00 $10.20 down 3%Total IoAT Revenues $20.80 $18.20 up
Lake Street downgraded DSP Group from Buy to Hold
Cowen & Co. downgraded DSP Group from Outperform to Market Perform and set a new price target of $22.00 from $24.00 previously
Needham downgraded DSP Group from Buy to Hold
Cowen reiterated coverage of DSP Group with a rating of Outperform and set a new price target of $22.00 from $19.00 previously
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Cars.com Inc (NYSE:CARS) will replace DSP Group Inc (NASDAQ:DSPG) in the S&P SmallCap 600 before the opening of trading on December 2. S&P MidCap 400 constituent Synaptics Inc (NASDAQ:SYNA) is acquiring DSP Group in a deal likely to be completed by December 2. Cars.com is an online destination for buying and selling new and used vehicles. Recently, Cars.com reported third-quarter FY21 revenue of $156.55 million, up 8% year-on-year, above the consensus of $156.28 million. EPS was $0.03 versus $(0.18) last year. Cars.com sees Q4 revenue of $157.5 million - $159.5 million versus the consensus of $159.15 million. Price Action: CARS shares traded higher by 7.44% at $14.30 in the premarket
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