Swiss National Bank increased its stake in DTS Inc. (NASDAQ:DTSI) by 4.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 29,700 shares of the company’s stock after buying an additional 1,200 shares during the period. Swiss National Bank owned about 0.17% of DTS worth $786,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DTSI. Virginia Retirement System bought a new position in DTS during the first quarter valued at approximately $891,000. Prudential Financial Inc. boosted its position in DTS by 14.3% in the first quarter. Prudential Financial Inc. now owns 45,515 shares of the company’s stock valued at $991,000 after buying an additional 5,700 shares during the last quarter. Geode Capital Management LLC boosted its position in DTS by 4.7% in the first quarter. Geode Capital Management LLC now owns 116,925 shares of the company’s stock valued at $2,546,000 after buying an additional 5,268 shares during the last quarter. Renaissance Technologies LLC boosted its position in DTS by 8.5% in the first quarter. Renaissance Technologies LLC now owns 521,218 shares of the company’s stock valued at $11,352,000 after buying an additional 40,996 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted 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 valued at $143,000 after buying an additional 2,820 shares during the last quarter. 99.40% of the stock is owned by hedge funds and other institutional investors.
DTS Inc. (NASDAQ:DTSI) traded down 0.31% during mid-day trading on Friday, hitting $42.30. The stock had a trading volume of 91,623 shares. DTS Inc. has a 12-month low of $19.62 and a 12-month high of $42.80. The firm’s market cap is $743.13 million. The company has a 50-day moving average of $37.17 and a 200-day moving average of $28.25.
DTS (NASDAQ:DTSI) last issued its earnings results on Monday, August 8th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.18. The business had revenue of $48.70 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company posted $0.34 EPS. Analysts expect that DTS Inc. will post $2.23 earnings per share for the current year.
A number of analysts have issued reports on DTSI shares. B. Riley set a $34.00 price target on DTS and gave the stock a “buy” rating in a report on Monday, August 1st. Dougherty & Co lifted their price target on DTS from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. JPMorgan Chase & Co. set a $29.00 price target on DTS and gave the stock a “hold” rating in a report on Tuesday, August 9th. Barrington Research lifted their price target on DTS from $29.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, August 11th. 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. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price 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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