William Blair cut shares of DTS Inc. (NASDAQ:DTSI) from an outperform rating to a market perform rating in a research note issued to investors on Tuesday morning.

A number of other research firms have also weighed in on DTSI. 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. Zacks Investment Research upgraded shares of DTS from a hold rating to a strong-buy rating and set a $37.00 price target on the stock in a research note on Friday, August 12th. B. Riley set a $34.00 price target on shares of DTS and gave the company a buy rating in a research note on Monday, August 1st. JPMorgan Chase & Co. set a $29.00 price target on shares of DTS and gave the company a hold rating in a research note on Tuesday, August 9th. Finally, Dougherty & Co increased their price target on shares of DTS from $38.00 to $40.00 and gave the company a buy rating in a research note on Tuesday, August 9th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. DTS presently has an average rating of Hold and an average target price of $38.25.

DTS (NASDAQ:DTSI) opened at 42.80 on Tuesday. The stock’s 50 day moving average is $33.78 and its 200 day moving average is $26.67. DTS has a 12-month low of $19.62 and a 12-month high of $42.80. The stock’s market capitalization is $751.91 million.

DTS (NASDAQ:DTSI) last released its earnings results on Monday, August 8th. The company reported $0.67 earnings per share for the quarter, topping the Zacks’ 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 analyst estimates of $44.61 million. During the same period in the prior year, the firm earned $0.34 earnings per share. The business’s quarterly revenue was up 41.6% compared to the same quarter last year. Equities research analysts forecast that DTS will post $2.23 EPS for the current fiscal year.

The business also recently declared a special dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 22nd were issued a dividend of $0.02 per share. The ex-dividend date was Thursday, August 18th. DTS’s dividend payout ratio is presently -13.11%.

Several large investors have recently modified their holdings of the company. Virginia Retirement System bought a new stake in shares of DTS during the first quarter valued at $891,000. Prudential Financial Inc. increased 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 valued at $991,000 after buying an additional 5,700 shares in the last quarter. Trigran Investments Inc. increased its stake in shares of DTS by 17.1% in the first quarter. Trigran Investments Inc. now owns 1,821,090 shares of the company’s stock valued at $39,663,000 after buying an additional 265,648 shares in the last quarter. State Street Corp increased its stake in shares of DTS by 0.5% in the first quarter. State Street Corp now owns 338,870 shares of the company’s stock valued at $7,377,000 after buying an additional 1,853 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of DTS by 4.7% in the first quarter. Geode Capital Management LLC now owns 116,925 shares of the company’s stock valued at $2,546,000 after buying an additional 5,268 shares in the last quarter. 99.54% 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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