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.
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.
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% |
Page 1 of 7 – SEC Filing
(Name, Address and Telephone Number of Person
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