California State Teachers Retirement System decreased its position in shares of DTS Inc. (NASDAQ:DTSI) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,565 shares of the company’s stock after selling 931 shares during the period. California State Teachers Retirement System owned about 0.21% of DTS worth $967,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in DTSI. BNP Paribas Arbitrage SA increased its position in DTS by 109.7% in the second quarter. BNP Paribas Arbitrage SA now owns 5,391 shares of the company’s stock worth $143,000 after buying an additional 2,820 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in DTS during the second quarter worth about $204,000. ClariVest Asset Management LLC increased its position in DTS by 6.1% in the second quarter. ClariVest Asset Management LLC now owns 19,000 shares of the company’s stock worth $503,000 after buying an additional 1,100 shares in the last quarter. Virginia Retirement System purchased a new position in DTS during the first quarter worth about $891,000. Finally, Prudential Financial Inc. increased its position in DTS by 14.3% in the first quarter. Prudential Financial Inc. now owns 45,515 shares of the company’s stock worth $991,000 after buying an additional 5,700 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.
Shares of DTS Inc. (NASDAQ:DTSI) traded up 0.42% during midday trading on Tuesday, reaching $42.59. The company had a trading volume of 93,220 shares. The firm’s market capitalization is $748.22 million. The company has a 50 day moving average of $34.59 and a 200 day moving average of $27.01. DTS Inc. has a 12-month low of $19.62 and a 12-month high of $42.80.
DTS (NASDAQ:DTSI) last issued its quarterly 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. 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 the consensus estimate of $44.61 million. During the same period last year, the company earned $0.34 earnings per share. The company’s revenue was up 41.6% on a year-over-year basis. Analysts anticipate that DTS Inc. 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 issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, August 18th. DTS’s payout ratio is presently -13.11%.
DTSI has been the topic of a number of analyst reports. Dougherty & Co lifted their price objective on shares of DTS from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. B. Riley reissued a “buy” rating and issued a $37.00 price target on shares of DTS in a report on Saturday, August 6th. JPMorgan Chase & Co. set a $29.00 price target on shares of DTS and gave the stock a “hold” rating in a report on Tuesday, August 9th. William Blair downgraded shares of DTS from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 20th. Finally, Barrington Research downgraded shares of DTS from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 20th. Five equities research 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 stock. The company presently has a consensus rating of “Hold” and an average price target of $38.25.
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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