DTS Inc. (DTSI) Lowered to “Hold” at Zacks Investment Research
According to Zacks, “DTS, Inc. is a digital technology company dedicated to delivering the ultimate entertainment experience. DTS decoders are in virtually every major brand of 5.1-channel surround processors, and there are more than 300 million DTS-licensed consumer electronics products available worldwide. A pioneer in multi-channel audio, DTS technology is in home theatre, car audio, PC and game console products, as well as DVD-Video, Surround Music and DVD-ROM software. “
Several other equities research analysts have also recently commented on DTSI. B. Riley reiterated a buy rating and issued a $37.00 price target on shares of DTS in a research report on Saturday, August 6th. Barrington Research boosted their price objective on DTS from $29.00 to $40.00 and gave the stock an outperform rating in a report on Thursday, August 11th. Dougherty & Co downgraded DTS from a buy rating to a neutral rating in a report on Tuesday, September 20th. JPMorgan Chase & Co. set a $29.00 price objective on DTS and gave the stock a hold rating in a report on Tuesday, August 9th. Finally, William Blair downgraded DTS from an outperform rating to a market perform rating in a report on Tuesday, September 20th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. DTS has an average rating of Hold and a consensus target price of $38.25.
DTS (NASDAQ:DTSI) traded up 0.07% during midday trading on Tuesday, hitting $42.35. 5,610 shares of the company’s stock traded hands. The company has a 50 day moving average of $37.68 and a 200-day moving average of $28.60. The company’s market capitalization is $744.00 million. DTS has a 52 week low of $19.62 and a 52 week high of $42.80.
DTS (NASDAQ:DTSI) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.49 by $0.18. DTS had a negative net margin of 6.37% and a positive return on equity of 8.90%. The firm had revenue of $48.70 million for the quarter, compared to analysts’ expectations of $44.61 million. During the same period in the previous year, the business earned $0.34 earnings per share. DTS’s revenue for the quarter was up 41.6% compared to the same quarter last year. Equities research analysts predict that DTS will post $2.23 earnings per share for the current year.
A number of large investors have recently made changes to their positions in the company. Prudential Financial Inc. boosted its stake in shares of DTS by 14.3% in the first quarter. Prudential Financial Inc. now owns 45,515 shares of the company’s stock worth $991,000 after buying an additional 5,700 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of DTS by 91.7% in the second quarter. Mutual of America Capital Management LLC now owns 156,880 shares of the company’s stock worth $4,149,000 after buying an additional 75,037 shares during the last quarter. Swiss National Bank boosted its stake in shares of DTS by 4.2% in the second quarter. Swiss National Bank now owns 29,700 shares of the company’s stock worth $786,000 after buying an additional 1,200 shares during the last quarter. Virginia Retirement System bought a new stake in shares of DTS during the first quarter worth about $891,000. Finally, B. Riley Financial Inc. bought a new stake in shares of DTS during the second quarter worth about $212,000. 99.40% of the stock is owned by hedge funds and other institutional investors.
DTS, Inc is an audio technology solutions provider for high-definition entertainment experiences. The Company’s audio solutions are designed to enable recording, delivery and playback of high-definition audio, and are included by licensee customers around the world into a range of consumer electronics devices, including televisions, personal computers (PCs), smartphones, tablets, digital media players (DMPs), set-top-boxes, soundbars, wireless speakers, video game consoles, Blu-ray Disc players, automotive audio systems, audio/video receivers (AVRs), digital versatile disc (DVD)-based products and home theater systems.
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