JP Morgan Maintains DTS to Neutral with Price Target $29.00

Brokerage firm JP Morgan Maintains its rating on DTS(NASDAQ:DTSI). In a research note issued to the investors, the brokerage major Raises the price-target to $29.00 per share. The shares have been rated Neutral. The rating by JP Morgan was issued on Aug 9, 2016.

DTS (DTSI) made into the market gainers list on Wednesdays trading session with the shares advancing 0.24% or 0.08 points. Due to strong positive momentum, the stock ended at $32.95, which is also near the day’s high of $33.29. The stock began the session at $32.61 and the volume stood at 57,640 shares. The 52-week high of the shares is $34.2899 and the 52 week low is $19.6201. The company has a current market capitalization of $581 M and it has 1,76,39,216 shares in outstanding.

DTS(DTSI) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $48.66M. Analysts had an estimated revenue of $44.61M. Earnings per share were $0.67. Analysts had estimated an EPS of $0.49.

Several Insider Transactions has been reported to the SEC. On Mar 16, 2016, Frederick Lee Kitson (EVP & Chief Technology Officer) sold 4,583 shares at $21.93 per share price.Also, On Jun 22, 2015, Patrick Watson (EVP, Corp Strategy & Dev) sold 9,375 shares at $31.81 per share price.On May 27, 2015, Blake Welcher (EVP Legal, GC & Sec) sold 12,903 shares at $32.42 per share price, according to the Form-4 filing with the securities and exchange commission.

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 (TVs) 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. The Company’s end-to-end audio solutions include DTS-HD DTS-HD Master Audio DTS Sound DTS Studio Sound DTS-HD Premium Sound DTS TruSurround DTS Neural Surround DTS Headphone:X DTS Play-Fi and DTS:X.

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