DTS Inc. (NASDAQ:DTSI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage presently has a $47.00 price objective on the stock. Zacks Investment Research’s price target indicates a potential upside of 11.11% from the company’s previous close.

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. “

A number of other brokerages also recently weighed in on DTSI. William Blair downgraded shares of DTS from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 20th. B. Riley downgraded shares of DTS from a “buy” rating to a “neutral” rating and increased their price target for the company from $37.00 to $42.50 in a report on Wednesday, September 21st. Barrington Research increased their price target on shares of DTS from $29.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, August 11th. Dougherty & Co downgraded shares of DTS from a “buy” rating to a “neutral” rating in a report on Tuesday, September 20th. Finally, JPMorgan Chase & Co. set a $29.00 price target on shares of DTS and gave the company a “hold” rating in a report on Tuesday, August 9th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.92.

Analyst Recommendations for DTS (NASDAQ:DTSI)

DTS (NASDAQ:DTSI) traded up 0.07% on Tuesday, reaching $42.30. 80,955 shares of the company’s stock were exchanged. DTS has a 12 month low of $19.62 and a 12 month high of $42.80. The firm has a 50-day moving average of $38.69 and a 200-day moving average of $29.19. The firm’s market capitalization is $743.13 million.

DTS (NASDAQ:DTSI) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.18. The business earned $48.70 million during the quarter, compared to the consensus estimate of $44.61 million. DTS had a negative net margin of 6.37% and a positive return on equity of 8.90%. DTS’s quarterly revenue was up 41.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 EPS. On average, equities analysts expect that DTS will post $2.23 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the stock. Brown Capital Management LLC boosted its position in shares of DTS by 0.5% in the second quarter. Brown Capital Management LLC now owns 3,422,163 shares of the company’s stock worth $90,516,000 after buying an additional 16,500 shares in the last quarter. Trigran Investments Inc. boosted its position in shares of DTS by 2.5% in the second quarter. Trigran Investments Inc. now owns 1,867,441 shares of the company’s stock worth $49,394,000 after buying an additional 46,351 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of DTS by 2.6% in the second quarter. Vanguard Group Inc. now owns 1,386,877 shares of the company’s stock worth $36,683,000 after buying an additional 35,629 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of DTS by 3.0% in the second quarter. BlackRock Fund Advisors now owns 1,161,274 shares of the company’s stock worth $30,716,000 after buying an additional 33,804 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of DTS by 8.5% in the first quarter. Renaissance Technologies LLC now owns 521,218 shares of the company’s stock worth $11,352,000 after buying an additional 40,996 shares in the last quarter. Institutional investors own 98.74% of the company’s stock.

About DTS

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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