DTS Inc. (NASDAQ:DTSI) was downgraded by research analysts at William Blair from an “outperform” rating to a “market perform” rating in a report released on Tuesday.

Several other equities research analysts have also commented on the stock. Zacks Investment Research raised shares of DTS from a “hold” rating to a “strong-buy” rating and set a $37.00 price target for the company in a research report on Friday, August 12th. Barrington Research upped their price target on shares of DTS from $29.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, August 11th. B. Riley reaffirmed a “buy” rating and set a $37.00 price target on shares of DTS in a research report on Thursday, August 11th. JPMorgan Chase & Co. set a $29.00 price target on shares of DTS and gave the company a “hold” rating in a research report on Tuesday, August 9th. Finally, Dougherty & Co upped their price target on shares of DTS from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, August 9th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. DTS currently has an average rating of “Buy” and a consensus price target of $37.33.

Shares of DTS (NASDAQ:DTSI) traded up 23.19% during trading on Tuesday, reaching $42.29. 1,361,155 shares of the company’s stock traded hands. The company’s market cap is $742.95 million. DTS has a 52-week low of $19.62 and a 52-week high of $42.39. The company’s 50-day moving average is $32.54 and its 200 day moving average is $26.30.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/dts-inc-dtsi-rating-reiterated-by-william-blair.html

DTS (NASDAQ:DTSI) last announced its quarterly 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. The company had revenue of $48.70 million for the quarter, compared to analysts’ expectations of $44.61 million. DTS had a negative net margin of 6.37% and a positive return on equity of 8.90%. DTS’s revenue was up 41.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS. Equities analysts forecast that DTS will post $2.23 EPS for the current year.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of DTSI. Schwab Charles Investment Management Inc. increased 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 valued at $1,515,000 after buying an additional 1,020 shares during the last quarter. B. Riley Financial Inc. acquired a new position in DTS during the second quarter valued at $212,000. Arizona State Retirement System acquired a new position in DTS during the second quarter valued at $241,000. Westwood Holdings Group Inc. increased 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 valued at $11,207,000 after buying an additional 43,263 shares during the last quarter. Finally, Redmond Asset Management LLC acquired a new position in DTS during the second quarter valued at $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

Receive News & Ratings for DTS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DTS Inc. and related companies with MarketBeat.com's FREE daily email newsletter.