DTS Inc. (NASDAQ:DTSI) Receives Average Rating of “Hold” from Analysts
Shares of DTS Inc. (NASDAQ:DTSI) have been given a consensus rating of “Hold” by the seven analysts that are presently covering the stock. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $36.17.
Several research firms recently weighed in on DTSI. B. Riley reissued a “neutral” rating and set a $42.50 price target on shares of DTS in a report on Monday, September 26th. Dougherty & Co cut DTS from a “buy” rating to a “neutral” rating in a report on Tuesday, September 20th. Barrington Research cut DTS from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 20th. William Blair cut DTS from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 20th. Finally, Zacks Investment Research raised 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.
Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of 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 last quarter. BlackRock Advisors LLC raised its position in shares of 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 last quarter. Alliancebernstein L.P. raised 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 valued at $537,000 after buying an additional 600 shares during the last quarter. Teachers Advisors Inc. raised 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 valued at $708,000 after buying an additional 744 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised 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 valued at $1,515,000 after buying an additional 1,020 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.
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Shares of DTS (NASDAQ:DTSI) traded down 0.31% during mid-day trading on Friday, reaching $42.30. The company’s stock had a trading volume of 44,775 shares. The firm’s market cap is $743.13 million. DTS has a 52-week low of $19.62 and a 52-week high of $42.80. The firm has a 50 day moving average price of $36.91 and a 200 day moving average price of $28.10.
DTS (NASDAQ:DTSI) last released its quarterly earnings results on Monday, August 8th. The company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.18. The business earned $48.70 million during the quarter, compared to analysts’ expectations of $44.61 million. DTS had a positive return on equity of 8.90% and a negative net margin of 6.37%. The firm’s revenue for the quarter was up 41.6% compared to the same quarter last year. During the same period last year, the firm posted $0.34 EPS. On average, equities analysts predict that DTS will post $2.23 EPS for the current fiscal year.
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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