Key Points
- Insider sale: Senior Vice President John Couling sold 7,667 Dolby Laboratories shares for approximately $460,020, reducing his position by 6.07% to 118,727 shares.
- Quarterly results: Dolby reported adjusted earnings of $0.69 per share, beating estimates by $0.02, while revenue of $305 million fell short of expectations and declined 3.3% year over year.
- Shareholder returns: The board authorized a $350 million stock-repurchase program covering up to 7% of outstanding shares, and the company declared a quarterly dividend of $0.36 per share.
Dolby Laboratories (NYSE:DLB - Get Free Report) SVP John Couling sold 7,667 shares of Dolby Laboratories stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $60.00, for a total transaction of $460,020.00. Following the sale, the senior vice president owned 118,727 shares in the company, valued at $7,123,620. This represents a 6.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Dolby Laboratories Price Performance
Shares of Dolby Laboratories stock opened at $61.31 on Thursday. Dolby Laboratories has a 52-week low of $48.26 and a 52-week high of $75.66. The firm has a market capitalization of $5.80 billion, a PE ratio of 26.09 and a beta of 0.80. The company's fifty day moving average price is $52.59 and its two-hundred day moving average price is $58.48.
Dolby Laboratories (NYSE:DLB - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The electronics maker reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.02. Dolby Laboratories had a net margin of 16.70% and a return on equity of 11.08%. The company had revenue of $305.00 million during the quarter, compared to the consensus estimate of $311.96 million. During the same period last year, the firm earned $0.78 EPS. The firm's revenue for the quarter was down 3.3% compared to the same quarter last year. Dolby Laboratories has set its FY 2026 guidance at 4.250-4.400 EPS and its Q4 2026 guidance at 1.130-1.280 EPS. Analysts predict that Dolby Laboratories will post 3.21 earnings per share for the current fiscal year.
Dolby Laboratories announced that its board has authorized a stock repurchase plan on Thursday, July 30th that authorizes the company to repurchase $350.00 million in outstanding shares. This repurchase authorization authorizes the electronics maker to purchase up to 7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its stock is undervalued.
Dolby Laboratories Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Tuesday, August 11th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, August 11th. Dolby Laboratories's payout ratio is presently 61.28%.
Hedge Funds Weigh In On Dolby Laboratories
Several institutional investors have recently bought and sold shares of the business. Teacher Retirement System of Texas lifted its position 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 worth $7,435,000 after buying an additional 18,579 shares in the last quarter. Paragon Capital Management Inc. acquired a new stake in Dolby Laboratories in the 1st quarter valued at about $1,306,000. Hsbc Holdings PLC raised its stake in shares of Dolby Laboratories by 396.1% in the first quarter. Hsbc Holdings PLC now owns 31,259 shares of the electronics maker's stock worth $1,875,000 after acquiring an additional 24,958 shares during the last quarter. Norges Bank bought a new position in shares of Dolby Laboratories in the fourth quarter worth about $54,966,000. Finally, Entropy Technologies LP acquired a new position in shares of Dolby Laboratories during the first quarter worth approximately $1,674,000. Institutional investors own 58.56% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Weiss Ratings reiterated a "hold (c-)" rating on shares of Dolby Laboratories in a research report on Wednesday, June 24th. Wall Street Zen cut Dolby Laboratories from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Rosenblatt Securities reaffirmed a "buy" rating and issued a $85.00 target price on shares of Dolby Laboratories in a report on Friday, July 31st. Finally, Barrington Research reiterated an "outperform" rating and set a $90.00 target price on shares of Dolby Laboratories in a research report on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $90.75.
View Our Latest Research Report on Dolby Laboratories
About Dolby Laboratories
(
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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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