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. “
A number of other equities research analysts have also commented on DTSI. B. Riley set a $34.00 price target on DTS and gave the stock a buy rating in a research report on Monday, August 1st. Dougherty & Co raised their price target on DTS from $38.00 to $40.00 and gave the stock a buy rating in a research report on Tuesday, August 9th. JPMorgan Chase & Co. set a $29.00 price target on DTS and gave the stock a hold rating in a research report on Tuesday, August 9th. Barrington Research raised their price target on DTS from $29.00 to $40.00 and gave the stock an outperform rating in a research report on Thursday, August 11th. Finally, William Blair lowered DTS from an outperform rating to a market perform rating in a research report on Tuesday, September 20th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $38.25.
Shares of DTS (NASDAQ:DTSI) traded up 0.07% during midday trading on Tuesday, reaching $42.35. The company’s stock had a trading volume of 5,610 shares. The firm’s market cap is $744.00 million. DTS has a 12 month low of $19.62 and a 12 month high of $42.80. The company has a 50-day moving average price of $37.68 and a 200-day moving average price of $28.60.
DTS (NASDAQ:DTSI) last issued its earnings results on Monday, August 8th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.18. DTS had a positive return on equity of 8.90% and a negative net margin of 6.37%. The firm had revenue of $48.70 million for the quarter, compared to analysts’ expectations of $44.61 million. During the same quarter last year, the business earned $0.34 earnings per share. The company’s revenue was up 41.6% compared to the same quarter last year. Equities analysts expect that DTS will post $2.23 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. bought a new position in DTS during the second quarter worth $230,000. JPMorgan Chase & Co. increased its position in DTS by 0.4% in the second quarter. JPMorgan Chase & Co. now owns 9,432 shares of the company’s stock worth $249,000 after buying an additional 35 shares in the last quarter. Ameriprise Financial Inc. increased its position in DTS by 2.8% in the second quarter. Ameriprise Financial Inc. now owns 83,801 shares of the company’s stock worth $2,217,000 after buying an additional 2,245 shares in the last quarter. Lapides Asset Management LLC increased its position in DTS by 9.7% in the second quarter. Lapides Asset Management LLC now owns 443,700 shares of the company’s stock worth $11,736,000 after buying an additional 39,200 shares in the last quarter. Finally, Brown Capital Management LLC increased its position in 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. Hedge funds and other institutional investors own 99.40% of the company’s stock.
DTS Company Profile
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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