Shares of Dolby Laboratories (NYSE:DLB – Get Free Report) have been given a consensus rating of “Moderate Buy” by the five research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $90.75.
A number of research firms have weighed in on DLB. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dolby Laboratories in a research report on Friday, March 27th. Wall Street Zen raised Dolby Laboratories from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price objective on shares of Dolby Laboratories in a report on Thursday. Finally, Barrington Research reissued an “outperform” rating and issued a $90.00 price objective on shares of Dolby Laboratories in a report on Monday, April 27th.
View Our Latest Analysis on DLB
Dolby Laboratories Stock Down 0.3%
Dolby Laboratories (NYSE:DLB – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The electronics maker reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.06. Dolby Laboratories had a return on equity of 11.47% and a net margin of 17.85%.The firm had revenue of $395.63 million during the quarter, compared to the consensus estimate of $385.80 million. During the same quarter in the prior year, the firm posted $1.34 EPS. The business’s revenue was up 7.0% on a year-over-year basis. Dolby Laboratories has set its FY 2026 guidance at 4.300-4.450 EPS and its Q3 2026 guidance at 0.560-0.710 EPS. As a group, analysts anticipate that Dolby Laboratories will post 3.21 earnings per share for the current fiscal year.
Dolby Laboratories Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Tuesday, May 12th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, May 12th. Dolby Laboratories’s dividend payout ratio is presently 56.92%.
Insider Buying and Selling
In other news, CMO Todd Pendleton sold 11,876 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $54.55, for a total value of $647,835.80. Following the completion of the sale, the chief marketing officer owned 41,480 shares of the company’s stock, valued at approximately $2,262,734. This represents a 22.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP John D. Couling sold 7,666 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $55.62, for a total value of $426,382.92. Following the completion of the sale, the senior vice president directly owned 118,727 shares of the company’s stock, valued at approximately $6,603,595.74. The trade was a 6.07% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 39,791 shares of company stock worth $2,231,653. 37.93% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Dolby Laboratories
Hedge funds have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas lifted its holdings in Dolby Laboratories by 19.1% during the 4th quarter. Teacher Retirement System of Texas now owns 115,772 shares of the electronics maker’s stock valued at $7,435,000 after purchasing an additional 18,579 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Dolby Laboratories during the 3rd quarter worth $615,000. JPMorgan Chase & Co. increased its position in Dolby Laboratories by 81.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 312,028 shares of the electronics maker’s stock worth $22,582,000 after buying an additional 139,900 shares during the period. Alps Advisors Inc. increased its position in Dolby Laboratories by 6.7% during the 3rd quarter. Alps Advisors Inc. now owns 281,532 shares of the electronics maker’s stock worth $20,374,000 after buying an additional 17,592 shares during the period. Finally, Clifford Capital Partners LLC increased its position in Dolby Laboratories by 15.2% during the 3rd quarter. Clifford Capital Partners LLC now owns 304,311 shares of the electronics maker’s stock worth $22,023,000 after buying an additional 40,252 shares during the period. Institutional investors and hedge funds own 58.56% of the company’s stock.
Dolby Laboratories Company Profile
Dolby Laboratories, Inc is a global leader in audio and imaging technologies, specializing in the development, licensing and deployment of solutions that enhance entertainment and communications experiences. The company’s core business revolves around creating advanced audio codecs, noise reduction systems and spatial sound technologies for a wide range of applications, including cinema, broadcast, gaming, streaming and personal devices. Dolby’s licensing model enables consumer electronics manufacturers, content creators and service providers to integrate its technologies into products such as televisions, smartphones, home theater systems and set-top boxes.
Among its flagship innovations are Dolby Atmos, an immersive audio format that delivers three-dimensional soundscapes for theaters and home systems; Dolby Digital and Dolby Digital Plus, widely adopted audio compression formats for broadcast and streaming; and Dolby Vision, a high-dynamic-range imaging technology that expands color, contrast and brightness in displays.
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