DTS Inc. (NASDAQ:DTSI) was downgraded by investment analysts at Barrington Research from an “outperform” rating to a “market perform” rating in a report issued on Tuesday.

A number of other research analysts have also weighed in on the stock. Dougherty & Co lowered shares of DTS from a “buy” rating to a “neutral” rating in a report on Tuesday. William Blair lowered shares of DTS from an “outperform” rating to a “market perform” rating in a report on Tuesday. Zacks Investment Research raised shares of DTS from a “hold” rating to a “strong-buy” rating and set a $37.00 target price for the company in a report on Friday, August 12th. B. Riley reissued a “buy” rating and issued a $37.00 target price on shares of DTS in a report on Thursday, August 11th. Finally, JPMorgan Chase & Co. set a $29.00 target price on shares of DTS and gave the company a “hold” rating in a report on Tuesday, August 9th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $37.33.

Shares of DTS (NASDAQ:DTSI) traded up 23.04% on Tuesday, reaching $42.24. 2,928,181 shares of the company’s stock were exchanged. The stock’s market cap is $742.07 million. DTS has a one year low of $19.62 and a one year high of $42.39. The company’s 50 day moving average is $32.54 and its 200-day moving average is $26.30.

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DTS (NASDAQ:DTSI) last posted its earnings results on Monday, August 8th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates 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 earned $48.70 million during the quarter, compared to analyst estimates of $44.61 million. During the same period last year, the firm posted $0.34 earnings per share. DTS’s revenue for the quarter was up 41.6% compared to the same quarter last year. On average, analysts anticipate 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. Investors of record on Monday, August 22nd were given a $0.02 dividend. The ex-dividend date was Thursday, August 18th. DTS’s dividend payout ratio is presently -13.11%.

A number of hedge funds have recently modified their holdings of DTSI. 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 worth $39,663,000 after buying an additional 265,648 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of DTS by 91.7% in the second quarter. Mutual of America Capital Management LLC now owns 156,880 shares of the company’s stock worth $4,149,000 after buying an additional 75,037 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in shares of 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 in the last quarter. Renaissance Technologies LLC increased its stake 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. Finally, Virginia Retirement System acquired a new stake in DTS during the first quarter valued at $891,000. Institutional investors 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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