DTS Inc. (NASDAQ:DTSI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “DTS, Inc. is a digital technology company dedicated to delivering the ultimate entertainment experience. DTS decoders are in virtually every major brand of 5.1-channel surround processors, and there are more than 300 million DTS-licensed consumer electronics products available worldwide. A pioneer in multi-channel audio, DTS technology is in home theatre, car audio, PC and game console products, as well as DVD-Video, Surround Music and DVD-ROM software. “
Several other analysts also recently commented on the stock. B. Riley restated a “neutral” rating and set a $42.50 price objective on shares of DTS in a research report on Monday, September 26th. Barrington Research downgraded shares of DTS from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 20th. Dougherty & Co downgraded shares of DTS from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 20th. William Blair downgraded shares of DTS from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 20th. Finally, JPMorgan Chase & Co. set a $29.00 price objective on shares of DTS and gave the company a “hold” rating in a research report on Tuesday, August 9th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. DTS currently has a consensus rating of “Hold” and an average price target of $38.25.
Shares of DTS (NASDAQ:DTSI) opened at 42.31 on Tuesday. DTS has a 1-year low of $19.62 and a 1-year high of $42.80. The company’s market capitalization is $743.30 million. The firm has a 50-day moving average of $37.94 and a 200 day moving average of $28.70.
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. DTS had a negative net margin of 6.37% and a positive return on equity of 8.90%. The business had revenue of $48.70 million for the quarter, compared to the consensus estimate of $44.61 million. During the same period last year, the firm earned $0.34 earnings per share. The company’s quarterly revenue was up 41.6% on a year-over-year basis. On average, analysts anticipate that DTS will post $2.23 EPS for the current year.
A number of institutional investors have recently bought and sold shares of DTSI. 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. Louisiana State Employees Retirement System bought a new position in DTS during the second quarter valued at $204,000. B. Riley Financial Inc. bought a new position in DTS during the second quarter valued at $212,000. Capstone Asset Management Co. bought a new position in DTS during the third quarter valued at $222,000. Finally, Thrivent Financial for Lutherans bought a new position in DTS during the second quarter valued at $225,000. 99.40% of the stock is owned by institutional investors.
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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