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DSP Group Gets IBD Stock Rating Upgrade As Chip Stocks Rise

DSP Group (DSPG) saw an improvement in its IBD SmartSelect Composite Rating Monday, from 92 to 96.




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The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.

DSP Group is now out of buy range after breaking out from an 18.12 entry in a consolidation. Be aware that it is a thinly traded stock, with average daily dollar volume under $8 million.


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One weak spot is the company’s 70 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it’s in the top 20% of all stocks.

Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.

In Q2, the company posted 100% earnings growth. Top line growth rose 26%, up from 16% in the prior report. The company has now posted rising growth in each of the last three reports.

DSP Group holds the No. 9 rank among its peers in the Electronics-Semiconductor Fabless industry group. Advanced Micro Devices (AMD), Lattice Semiconductor (LSCC) and Monolithic Power Systems (MPWR) are among the top 5 highly-rated stocks within the group.

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