Trigran Investments buys $60,878,577 stake in DTS (DTSI)

DTS (DTSI) : Trigran Investments scooped up 46,351 additional shares in DTS during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 1,867,441 shares of DTS which is valued at $60,878,577.DTS makes up approximately 15.31% of Trigran Investments’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management reduced its stake in DTSI by selling 1,168 shares or 2.07% in the most recent quarter. The Hedge Fund company now holds 55,161 shares of DTSI which is valued at $1,798,249.Blackrock Institutional Trust Company N.a. reduced its stake in DTSI by selling 6,264 shares or 1.34% in the most recent quarter. The Hedge Fund company now holds 460,648 shares of DTSI which is valued at $15,017,125.Dimensional Fund Advisors Lp reduced its stake in DTSI by selling 4,938 shares or 0.63% in the most recent quarter. The Hedge Fund company now holds 782,246 shares of DTSI which is valued at $22,849,406. DTS makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio.Mutual Of America Capital Management boosted its stake in DTSI in the latest quarter, The investment management firm added 75,037 additional shares and now holds a total of 156,880 shares of DTS which is valued at $4,380,090. DTS makes up approx 0.09% of Mutual Of America Capital Management’s portfolio.Cutler Group Lp reduced its stake in DTSI by selling 300 shares or 87.21% in the most recent quarter. The Hedge Fund company now holds 44 shares of DTSI which is valued at $1,239.

DTS closed down -0.02 points or -0.06% at $33.26 with 71,784 shares getting traded on Tuesday. Post opening the session at $33.5, the shares hit an intraday low of $33.08 and an intraday high of $33.5 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, DTS reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.49. The company had revenue of $48.70 million for the quarter, compared to analysts expectations of $44.55 million. The company’s revenue was up 41.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Many Wall Street Analysts have commented on DTS. Company shares were Reiterated by Barrington Research on Aug 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 40 from a previous price target of $29 .Company shares were Reiterated by Dougherty & Company on Aug 9, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $38 .

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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