Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Do Hedge Funds Love DSP Group, Inc. (DSPG)?

The 700+ hedge funds and money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the third quarter, which unveil their equity positions as of September 30. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund positions. Our extensive review of these public filings is finally over, so this article is set to reveal the smart money sentiment towards DSP Group, Inc. (NASDAQ:DSPG).

DSP Group, Inc. (NASDAQ:DSPG) was in 8 hedge funds’ portfolios at the end of September. DSP Group, Inc. (NASDAQ:DSPG) has experienced a decrease in hedge fund sentiment lately. There were 9 hedge funds in our database with DSP Group, Inc. (NASDAQ:DSPG) holdings at the end of the previous quarter. It is not much of a surprise, considering that the shares of DSP Group, Inc. (NASDAQ:DSPG) lost 11.81% value during the previous quarter. Let us find out more about hedge funds that had stakes in the company at the end of the last quarter.

One of the best ways to understand the mood of hedge funds towards any particular stock is to discuss stocks with similar market caps, and find out the hedge fund sentiment towards them. At the end of this article, we will compare DSP Group, Inc. (NASDAQ:DSPG) to other stocks, including Park City Group, Inc. (NASDAQ:PCYG), Synthetic Biologics Inc (NYSEMKT:SYN), and NTELOS Holdings Corp. (NASDAQ:NTLS) to get a better sense of its popularity.

Follow Dsp Group Inc (NASDAQ:DSPG)
Trade (NASDAQ:DSPG) Now!

In the 21st century investor’s toolkit, there are plenty of gauges stock traders have at their disposal to evaluate their stock investments. A couple of the less utilized gauges are hedge fund and insider trading indicators. Our researchers have shown that, historically, those who follow the top picks of the elite investment managers can trounce the market by a solid amount (see the details here).

Now, we’re going to analyze the new action encompassing DSP Group, Inc. (NASDAQ:DSPG).

Hedge fund activity in DSP Group, Inc. (NASDAQ:DSPG)

At the end of the previous quarter, a total of 8 of the hedge funds tracked by Insider Monkey were long this stock, a drop of 11% from the second quarter. With hedgies’ capital changing hands, there exists a select group of key hedge fund managers who were boosting their stakes meaningfully (or already accumulated large positions).

Of the funds tracked by Insider Monkey, Rima Senvest Management, managed by Richard Mashaal, holds the most valuable position in DSP Group, Inc. (NASDAQ:DSPG). Rima Senvest Management has a $19.6 million position in the stock, comprising 1.4% of its 13F portfolio. The second largest stake is held by Renaissance Technologies, with a $5.5 million position; less than 0.1% of its 13F portfolio is allocated to the stock. Other members of the smart money that are bullish include Jim Roumell’s Roumell Asset Management, D E Shaw, and Israel Englander’s Millennium Management.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.