DTS Inc. (DTSI) Sees Strong Trading Volume
Shares of DTS Inc. (NASDAQ:DTSI) saw strong trading volume on Wednesday . 446,192 shares were traded during trading, an increase of 94% from the previous session’s volume of 229,735 shares.The stock last traded at $42.36 and had previously closed at $42.24.
Several equities analysts have recently weighed in on the company. B. Riley downgraded DTS from a “buy” rating to a “neutral” rating and set a $42.50 target price on the stock. in a research report on Wednesday. Barrington Research downgraded DTS from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Dougherty & Co downgraded DTS from a “buy” rating to a “neutral” rating in a research report on Tuesday. William Blair downgraded DTS from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Finally, Zacks Investment Research raised DTS from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a research report on Friday, August 12th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. DTS currently has a consensus rating of “Hold” and a consensus target price of $38.25.
The stock’s market cap is $746.11 million. The stock has a 50-day moving average price of $33.36 and a 200-day moving average price of $26.55.
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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, beating the consensus estimate of $0.49 by $0.18. The business had revenue of $48.70 million for the quarter, compared to the consensus estimate of $44.61 million. DTS had a positive return on equity of 8.90% and a negative net margin of 6.37%. The business’s quarterly revenue was up 41.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. On average, analysts forecast that DTS Inc. will post $2.23 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which was paid on Wednesday, August 31st. Stockholders of record on Monday, August 22nd were given a $0.02 dividend. The ex-dividend date of this dividend was Thursday, August 18th. DTS’s dividend payout ratio (DPR) is presently -13.11%.
Several institutional investors have recently added to or reduced their stakes in the stock. 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 valued at $249,000 after buying an additional 35 shares during the period. BlackRock Advisors LLC increased its position in DTS by 1.5% in the second quarter. BlackRock Advisors LLC now owns 8,567 shares of the company’s stock valued at $227,000 after buying an additional 126 shares during the period. Alliancebernstein L.P. increased its position in shares of DTS by 3.0% in the second quarter. Alliancebernstein L.P. now owns 20,318 shares of the company’s stock worth $537,000 after buying an additional 600 shares during the last quarter. Teachers Advisors Inc. increased its position in shares of DTS by 2.9% in the second quarter. Teachers Advisors Inc. now owns 26,784 shares of the company’s stock worth $708,000 after buying an additional 744 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of 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 during the last quarter. 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.
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