Key Points
- EVP Mark Andrew Sherman sold 4,500 shares on Dec. 1 at an average $67.56 each for $304,020, reducing his holding to 62,397 shares (a 6.73% decrease) per the SEC filing.
- Dolby beat quarterly expectations, reporting EPS of $0.99 versus a $0.70 consensus and revenue of $307.02M, and provided FY2026 guidance of $4.190–4.340 EPS and Q1 2026 guidance of $0.790–0.940 EPS.
- Dividend increased to $0.36 quarterly (from $0.33), payable Dec. 10 to holders of record Dec. 2, implying a $1.44 annualized payout and about a 2.2% yield.
Dolby Laboratories (NYSE:DLB - Get Free Report) EVP Mark Andrew Sherman sold 4,500 shares of the firm's stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $67.56, for a total value of $304,020.00. Following the completion of the sale, the executive vice president directly owned 62,397 shares in the company, valued at approximately $4,215,541.32. This represents a 6.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Dolby Laboratories Stock Down 0.0%
Shares of DLB stock opened at $66.29 on Thursday. Dolby Laboratories has a 12 month low of $64.02 and a 12 month high of $89.66. The firm has a market cap of $6.33 billion, a PE ratio of 25.20 and a beta of 0.89. The stock has a 50 day moving average of $67.80 and a 200-day moving average of $71.82.
Dolby Laboratories (NYSE:DLB - Get Free Report) last released its earnings results on Tuesday, November 18th. The electronics maker reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.29. Dolby Laboratories had a net margin of 18.90% and a return on equity of 11.99%. The business had revenue of $307.02 million during the quarter, compared to analysts' expectations of $305.76 million. During the same quarter last year, the company earned $0.61 earnings per share. The firm's revenue was up .7% on a year-over-year basis. Dolby Laboratories has set its FY 2026 guidance at 4.190-4.340 EPS and its Q1 2026 guidance at 0.790-0.940 EPS. As a group, equities analysts predict that Dolby Laboratories will post 2.94 EPS for the current fiscal year.
Dolby Laboratories Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $0.36 per share. This is a boost from Dolby Laboratories's previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Tuesday, December 2nd. Dolby Laboratories's dividend payout ratio (DPR) is presently 54.75%.
Wall Street Analyst Weigh In
Several research analysts recently commented on DLB shares. Baird R W raised Dolby Laboratories to a "hold" rating in a research report on Friday, September 5th. Barrington Research reduced their price objective on shares of Dolby Laboratories from $100.00 to $95.00 and set an "outperform" rating for the company in a report on Wednesday, November 19th. Rosenblatt Securities decreased their target price on shares of Dolby Laboratories from $95.00 to $85.00 and set a "buy" rating on the stock in a research report on Wednesday, November 19th. Robert W. Baird started coverage on shares of Dolby Laboratories in a research note on Friday, September 5th. They issued a "neutral" rating and a $74.00 target price on the stock. Finally, Wall Street Zen lowered shares of Dolby Laboratories from a "buy" rating to a "hold" rating in a research report on Saturday, November 22nd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $92.00.
View Our Latest Analysis on Dolby Laboratories
Institutional Investors Weigh In On Dolby Laboratories
Hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Dolby Laboratories by 7.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,777 shares of the electronics maker's stock worth $1,172,000 after acquiring an additional 1,146 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Dolby Laboratories by 7.1% in the first quarter. Vanguard Group Inc. now owns 7,535,722 shares of the electronics maker's stock worth $605,194,000 after acquiring an additional 502,110 shares during the last quarter. Comerica Bank lifted its position in shares of Dolby Laboratories by 83.2% during the first quarter. Comerica Bank now owns 105,570 shares of the electronics maker's stock worth $8,478,000 after purchasing an additional 47,936 shares in the last quarter. Ethic Inc. bought a new stake in shares of Dolby Laboratories during the first quarter valued at approximately $536,000. Finally, Martingale Asset Management L P bought a new stake in shares of Dolby Laboratories during the first quarter valued at approximately $15,366,000. 58.56% of the stock is owned by institutional investors and hedge funds.
Dolby Laboratories Company Profile
(
Get Free Report)
Dolby Laboratories, Inc creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, a digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and various media devices.
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