A number of other research firms have also weighed in on DTSI. B. Riley restated a buy rating and issued a $37.00 target price on shares of DTS in a report on Saturday, August 6th. Barrington Research upped their target price on shares of DTS from $29.00 to $40.00 and gave the stock an outperform rating in a report on Thursday, August 11th. JPMorgan Chase & Co. set a $29.00 target price on shares of DTS and gave the stock a hold rating in a report on Tuesday, August 9th. Zacks Investment Research upgraded shares of DTS from a hold rating to a strong-buy rating and set a $37.00 target price on the stock in a report on Friday, August 12th. Finally, Dougherty & Co upped their target price on shares of DTS from $38.00 to $40.00 and gave the stock a buy rating in a report on Tuesday, August 9th. 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 company. The company presently has an average rating of Hold and a consensus target price of $38.25.
Shares of DTS (NASDAQ:DTSI) opened at 42.69 on Tuesday. The company’s market cap is $749.98 million. The stock’s 50 day moving average price is $34.20 and its 200-day moving average price is $26.81. DTS has a one year low of $19.62 and a one year high of $42.80.
DTS (NASDAQ:DTSI) last released its quarterly earnings data on Monday, August 8th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.18. The company had revenue of $48.70 million for the quarter, compared to analysts’ expectations of $44.61 million. DTS had a negative net margin of 6.37% and a positive return on equity of 8.90%. The business’s revenue was up 41.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 EPS. On average, analysts expect that DTS will post $2.23 EPS for the current year.
The company also recently disclosed a special dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 22nd were paid a $0.02 dividend. The ex-dividend date was Thursday, August 18th. DTS’s dividend payout ratio (DPR) is -13.11%.
A number of large investors have recently bought and sold shares of DTSI. Prudential Financial Inc. raised its stake 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 period. Mutual of America Capital Management LLC raised its stake in DTS by 91.7% in the second quarter. Mutual of America Capital Management LLC now owns 156,880 shares of the company’s stock valued at $4,149,000 after buying an additional 75,037 shares during the period. State Street Corp raised its stake in DTS by 0.5% in the first quarter. State Street Corp now owns 338,870 shares of the company’s stock valued at $7,377,000 after buying an additional 1,853 shares during the period. Trigran Investments Inc. raised its stake in DTS by 17.1% in the first quarter. Trigran Investments Inc. now owns 1,821,090 shares of the company’s stock valued at $39,663,000 after buying an additional 265,648 shares during the period. Finally, Virginia Retirement System purchased a new stake in DTS during the first quarter valued at approximately $891,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.
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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