By Tess Stynes
DSP Group Inc. /zigman2/quotes/204384782/composite DSPG +0.48% plans to repurchase as much as 750,000 of its shares, joining a wide array of companies making shareholder friendly moves lately.
The wireless semiconductor provider for residential converged communications makes products for growing markets such as wireless home entertainment centers.
As of Dec. 31, the company had about 22.8 million shares outstanding.
DSP Group last month reported that its fourth-quarter loss narrowed sharply on year-earlier restructuring charges. Revenue declined 12%.
Shares closed Friday at $6.48 and were inactive premarket. The stock remain off 14% in the past year, though it has risen 24% since the start of 2012.