Trigran Investments buys $42,358,553 stake in DTS (DTSI)

DTS (DTSI) : Trigran Investments scooped up 265,648 additional shares in DTS during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 1,821,090 shares of DTS which is valued at $42,358,553.DTS makes up approximately 12.81% of Trigran Investments’s portfolio.

Other Hedge Funds, Including , Mutual Of America Capital Management reduced its stake in DTSI by selling 500 shares or 0.61% in the most recent quarter. The Hedge Fund company now holds 81,843 shares of DTSI which is valued at $1,903,668. DTS makes up approx 0.04% of Mutual Of America Capital Management’s portfolio.Swiss National Bank boosted its stake in DTSI in the latest quarter, The investment management firm added 5,000 additional shares and now holds a total of 28,500 shares of DTS which is valued at $581,400.Municipal Employees’ Retirement System Of Michigan boosted its stake in DTSI in the latest quarter, The investment management firm added 240 additional shares and now holds a total of 3,730 shares of DTS which is valued at $76,092. DTS makes up approx 0.01% of Municipal Employees’ Retirement System Of Michigan’s portfolio.

DTS opened for trading at $23.33 and hit $23.72 on the upside on Monday, eventually ending the session at $23.33, with a gain of 0.30% or 0.07 points. The heightened volatility saw the trading volume jump to 38,685 shares. Company has a market cap of $408 M.

On the company’s financial health, DTS reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 9, 2016. Analyst had a consensus of $0.36. The company had revenue of $45.20 million for the quarter, compared to analysts expectations of $43.21 million. The company’s revenue was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

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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