DTS Inc. (NASDAQ:DTSI) was downgraded by Dougherty & Co from a “buy” rating to a “neutral” rating in a report issued on Tuesday.

A number of other brokerages have also recently commented on DTSI. William Blair cut DTS from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Zacks Investment Research upgraded DTS from a “hold” rating to a “strong-buy” rating and set a $37.00 price target for the company in a report on Friday, August 12th. B. Riley reiterated a “buy” rating and set a $37.00 price target on shares of DTS in a report on Thursday, August 11th. Barrington Research increased their price target on DTS from $29.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, August 11th. Finally, JPMorgan Chase & Co. set a $29.00 price target on DTS and gave the stock a “hold” rating in a report on Tuesday, August 9th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $37.33.

Shares of DTS (NASDAQ:DTSI) traded up 23.04% during midday trading on Tuesday, hitting $42.24. The company had a trading volume of 2,927,394 shares. The stock’s 50-day moving average price is $32.54 and its 200-day moving average price is $26.30. The stock’s market capitalization is $742.07 million. DTS has a one year low of $19.62 and a one year high of $42.39.

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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 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 earned $48.70 million during the quarter, compared to analysts’ expectations of $44.61 million. During the same period in the prior year, the company earned $0.34 earnings per share. The company’s quarterly revenue was up 41.6% on a year-over-year basis. Analysts predict that DTS will post $2.23 EPS for the current year.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. raised its position in DTS by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,248 shares of the company’s stock worth $1,515,000 after buying an additional 1,020 shares in the last quarter. B. Riley Financial Inc. purchased a new position in DTS during the second quarter worth approximately $212,000. Arizona State Retirement System purchased a new position in DTS during the second quarter worth approximately $241,000. Westwood Holdings Group Inc. raised its position in DTS by 11.4% in the second quarter. Westwood Holdings Group Inc. now owns 423,697 shares of the company’s stock worth $11,207,000 after buying an additional 43,263 shares during the period. Finally, Redmond Asset Management LLC purchased a new position in DTS during the second quarter worth approximately $409,000. Institutional investors and hedge funds own 99.54% 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.

5 Day Chart for NASDAQ:DTSI

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