Collins Stewart Maintains DTS, Inc. (DTSI) Sell Rating
February 18, 2010 10:23 AM
Collins Stewart analyst John Vinh maintained his Sell rating for shares of DTS, Inc. (Nasdaq: DTSI) with a price target of $19.
Vinh noted that although the Blu-ray technology was being widely adapted, his research into the supply chain with OEMs and chip manufacturers still shows that Blu-ray is falling short of expectations.
John Vinh said that, "while we expect DTSI to post largely inline results and reiterate 2010 guidance, supply chain checks with OEMs and chip manufacturers continue to indicate that the ramp of Blu-ray continues to fall short of expectations. We also note prolonged and extensive discounting of Blu-ray devices by retailers indicating that holiday sell-through fell short of expectations."
The Collins Stewart analyst said that he expects earnings for the 4th quarter of 2009 to fall inline with his estimates of $20.1 million, or 24 cents per share.
