DTS, Inc. (NASDAQ: DTSI) announced it has entered into a definitive agreement to acquire iBiquity Digital Corporation, the developer of digital HD Radio technology for AM/FM audio and data broadcasting for approximately $172 million.
DTS Inc. (DTSI - Snapshot Report) is a $560 million digital audio technology company that develops and licenses consumer surround-sound products and provides the audio platform for the new high-definition Blu-ray format.
DTS Inc (NASDAQ:DTSI) had its stock rating noted as Outperform by analysts at Barrington Research. Barrington Research currently has a $30.00 target price per share on the $441.25M market cap company or 14.94 % upside potential.
DTS, Inc. (NASDAQ:DTSI) has lost 18.68% during the past week and dropped 13.37% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 15.62%.
Serving as executive vice president and Chief Marketing Officer, Kevin Doohan oversees all marketing functions at DTS Inc., the premier audio solutions provider for high-definition entertainment experiences.