Top Long-Term Holdings of Trigran Investments Include: KMG Chemicals Inc. (KMG), NVE Corp (NVEC), DTS Inc. (DTSI)

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In DTS Inc. (NASDAQ:DTSI), Trigran Investments disclosed ownership of 1.02 million shares with a reported value of $34.67 million. The stake represents a slight increase from the 976,063 shares the fund held previously. Trigran Investments has been holding a position in DTS Inc. (NASDAQ:DTSI) since March 2012, when it disclosed ownership of 165,459 shares of the company. DTS Inc. (NASDAQ:DTSI) is engaged in providing audio solutions for high-definition entertainment experiences, and has a market cap of $592.8 million. The share price of DTS Inc. (NASDAQ:DTSI) has increased by 83.5% since last May. However, the audio company posted first quarter 2015 net income of $1.1 million, a significant decrease from the $14.3 million in earned in the first quarter of 2014. Revenue for the quarter was $33.9 million, down from $36.8 million year-over-year. Among the investors we track, Chuck Royce’s Royce & Associates holds a large position of 1.39 million shares worth $47.37 million in DTS as of the end of the first quarter.

Lastly is Mercury Systems Inc (NASDAQ:MRCY), in which Trigran Investments reduced its stake by 19% to 1.77 million shares, the stake being valued at $27.49 million. The fund started a position in Mercury Systems Inc (NASDAQ:MRCY) in the third quarter of 2010, as it owned 21,000 shares at the end of September of that year. Mercury Systems Inc (NASDAQ:MRCY) is a provider of secure, sensor processing subsystems for defense and intelligence applications, and has a market cap of $486.3 million. Mercury Systems Inc (NASDAQ:MRCY) stock gained 17.08% during the past calendar year. Mercury Systems (NASDAQ:MRCY) reported its financial results on April 28, posting earnings per share (EPS) of $0.11 for the quarter, missing analysts’ consensus estimate of $0.13. In the same quarter of last year, earnings per share stood at a loss of -$0.02. Royce & Associates also sees value in Mercury Systems Inc (NASDAQ:MRCY), holding 2.49 million shares of the company as of the end of the first quarter.

Disclosure: None

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