DTS Inc. (NASDAQ:DTSI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The firm currently has a $47.00 price target on the stock. Zacks Investment Research’s price objective suggests a potential upside of 11.11% from the company’s previous close.
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. “
A number of other equities analysts have also recently commented on DTSI. B. Riley reaffirmed a “buy” rating and set a $37.00 price objective on shares of DTS in a research report on Saturday, August 6th. Barrington Research lifted their price objective on shares of DTS from $29.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, August 11th. Dougherty & Co cut shares of DTS from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 20th. JPMorgan Chase & Co. set a $29.00 price objective on shares of DTS and gave the stock a “hold” rating in a research report on Tuesday, August 9th. Finally, William Blair cut shares of DTS from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 20th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $39.92.
Shares of DTS (NASDAQ:DTSI) traded up 0.07% during midday trading on Tuesday, hitting $42.30. 80,955 shares of the company were exchanged. DTS has a one year low of $19.62 and a one year high of $42.80. The company’s market capitalization is $743.13 million. The company has a 50-day moving average of $38.69 and a 200 day moving average of $29.19.
DTS (NASDAQ:DTSI) last released its quarterly earnings data on Monday, August 8th. The company reported $0.67 EPS for the quarter, topping the Zacks’ 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 firm earned $48.70 million during the quarter, compared to analysts’ expectations of $44.61 million. During the same period in the previous year, the business posted $0.34 earnings per share. The company’s revenue for the quarter was up 41.6% compared to the same quarter last year. On average, equities research analysts expect that DTS will post $2.23 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in the stock. Mutual of America Capital Management LLC boosted its stake in shares of DTS by 91.7% in the second quarter. Mutual of America Capital Management LLC now owns 156,880 shares of the company’s stock worth $4,149,000 after buying an additional 75,037 shares during the last quarter. Trigran Investments Inc. boosted its stake in DTS by 2.5% in the second quarter. Trigran Investments Inc. now owns 1,867,441 shares of the company’s stock valued at $49,394,000 after buying an additional 46,351 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in DTS by 11.4% in the second quarter. Westwood Holdings Group Inc. now owns 423,697 shares of the company’s stock valued at $11,207,000 after buying an additional 43,263 shares in the last quarter. Renaissance Technologies LLC boosted its stake 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 in the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new stake in DTS during the second quarter valued at $1,082,000. 98.74% of the stock is owned by institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for DTS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DTS Inc. and related companies with MarketBeat.com's FREE daily email newsletter.