Nationwide Fund Advisors held its position in DTS Inc. (NASDAQ:DTSI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,931 shares of the company’s stock at the end of the second quarter. Nationwide Fund Advisors owned about 0.64% of DTS worth $2,934,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of DTS by 0.4% in the second quarter. JPMorgan Chase & Co. now owns 9,432 shares of the company’s stock worth $249,000 after buying an additional 35 shares during the period. ClariVest Asset Management LLC boosted its position in shares of 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 during the period. Swiss National Bank boosted its position in shares of DTS by 4.2% in the second quarter. Swiss National Bank now owns 29,700 shares of the company’s stock worth $786,000 after buying an additional 1,200 shares during the period. Ameriprise Financial Inc. boosted its position in shares of DTS by 2.8% in the second quarter. Ameriprise Financial Inc. now owns 83,801 shares of the company’s stock worth $2,217,000 after buying an additional 2,245 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in shares of 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 during the period. Institutional investors and hedge funds own 99.40% of the company’s stock.
Shares of DTS Inc. (NASDAQ:DTSI) traded down 0.31% during midday trading on Friday, reaching $42.30. The company’s stock had a trading volume of 91,623 shares. The company’s market capitalization is $743.13 million. DTS Inc. has a one year low of $19.62 and a one year high of $42.80. The stock’s 50-day moving average is $37.17 and its 200-day moving average is $28.25.
DTS (NASDAQ:DTSI) last announced its earnings results on Monday, August 8th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates 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 business earned $48.70 million during the quarter, compared to analysts’ expectations of $44.61 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The business’s revenue was up 41.6% compared to the same quarter last year. On average, equities analysts expect that DTS Inc. will post $2.23 earnings per share for the current fiscal year.
DTSI has been the subject of a number of recent research reports. William Blair cut DTS from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 20th. Dougherty & Co lifted their target price on DTS from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. Zacks Investment Research upgraded DTS from a “hold” rating to a “strong-buy” rating and set a $37.00 target price for the company in a report on Friday, August 12th. JPMorgan Chase & Co. set a $29.00 target price on DTS and gave the stock a “hold” rating in a report on Tuesday, August 9th. Finally, Barrington Research cut DTS from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 20th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $38.25.
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.