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%|
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(Name, Address and Telephone Number of Person