Shares of DTS Inc. (NASDAQ:DTSI) have earned an average rating of “Hold” from the seven research firms that are presently covering the company. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $35.75.

DTSI has been the topic of a number of recent research reports. William Blair lowered shares of DTS from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 20th. Zacks Investment Research lowered shares of DTS from a “buy” rating to a “hold” rating in a research note on Wednesday, October 26th. B. Riley restated a “hold” rating and set a $42.50 target price on shares of DTS in a research note on Tuesday, November 1st. Barrington Research upped their target price on shares of DTS from $29.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, August 11th. Finally, Dougherty & Co lowered shares of DTS from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 20th.

DTS (NASDAQ:DTSI) opened at 42.48 on Friday. The firm’s 50-day moving average is $42.39 and its 200-day moving average is $31.85. DTS has a 52-week low of $19.62 and a 52-week high of $42.80. The stock’s market capitalization is $751.94 million.

DTS (NASDAQ:DTSI) last issued its quarterly earnings results on Monday, November 7th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.01. The business had revenue of $48.70 million for the quarter, compared to analysts’ expectations of $45.95 million. DTS had a positive return on equity of 11.00% and a negative net margin of 3.88%. The firm’s revenue for the quarter was up 58.6% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share. Analysts predict that DTS will post $2.22 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. increased its position in shares of DTS by 2.8% in the second quarter. Principal Financial Group Inc. now owns 123,066 shares of the company’s stock worth $3,255,000 after buying an additional 3,305 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in DTS during the second quarter valued at $230,000. JPMorgan Chase & Co. increased its stake in DTS by 0.4% in the second quarter. JPMorgan Chase & Co. now owns 9,432 shares of the company’s stock valued at $249,000 after buying an additional 35 shares during the last quarter. Ameriprise Financial Inc. increased its stake in DTS by 2.8% in the second quarter. Ameriprise Financial Inc. now owns 83,801 shares of the company’s stock valued at $2,217,000 after buying an additional 2,245 shares during the last quarter. Finally, Lapides Asset Management LLC increased its stake in DTS by 9.7% in the second quarter. Lapides Asset Management LLC now owns 443,700 shares of the company’s stock valued at $11,736,000 after buying an additional 39,200 shares during the last quarter. 97.82% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:DTSI

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