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DSP Group Inc (DSPG): Raging Capital Management Raises Its Stake

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Raging Capital Management‘s stake in DSP Group Inc (NASDAQ:DSPG) has gone up according to a recently amended 13D filing with the US  Securities and Exchange Commission.  William C. Martin’s fund held 1.06 million shares in July, which amassed 4.9% of the float, but currently owns 1.35 million shares or 6.2% of DSP Group’ outstanding common stock.

DSP Group is a company that provides chipset solutions for VoIP, digital cordless applications, and multimedia. Recently, the company released a series of smart home sensors, which are based on ultra low energy technology. Over the past 12 months, the company’s stock lost 37.78%. For the second quarter of 2016, DSP Group disclosed earnings per share of $0.05 and revenue of $36.16 million, compared to EPS of $0.03 and revenue of $37.25 million for the same quarter in the previous year. Earlier this month, Wunderlich boosted its price target to $14 from $12 with a ‘Buy’ rating on DSP Groups’ stock.

William Martin Raging Capital Management

At the end of June, there were eight investors from our database long DSP Group (NASDAQ:DSPG), the same number as in the previous quarter. Among the bullish investors were Richard Mashaal’s Rima Senvest Management, which held a position valued at $22.80 million, Jim Simons’ Renaissance Technologies, with a position worth around $6.37 million, Jim Roumell’s Roumell Asset Management, and Ernest Chow And Jonathan Howe’s Sensato Capital Management.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Raging Capital Management 103,153 1,354,701 103,153 1,354,701 1,354,701 6.2%
William C. Martin 1,354,701 1,354,701 1,354,701 6.2%
Kenneth H. Traub 103,153 Less than 1%

William C. Martin
William C. Martin
Raging Capital Management

Page 1 of 7 – SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
§ 240.13d-2(a)
(Amendment No. 1)1
DSP Group, Inc.
(Name of Issuer)
Common Stock, $.001 par value per share
(Title of Class of Securities)
23332B 10 6
(CUSIP Number)
STEVE WOLOSKY, ESQ.
OLSHAN FROME WOLOSKY LLP
1325 Avenue of the Americas
New York, New York 10019
(212) 451-2300

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)
September 15, 2016
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨.
Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See § 240.13d-7 for other parties to whom copies are to be sent.
_______________
1              The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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