Key Points
- Dolby Laboratories CAO Ryan Nicholson sold 1,348 shares for approximately $83,630, reducing his direct ownership by 3.64% to 35,636 shares. He also sold 357 shares the prior week.
- Dolby reported quarterly EPS of $0.69, beating estimates of $0.67, while revenue of $305 million fell short of expectations and declined 3.3% year over year.
- The company declared a quarterly dividend of $0.36 per share and authorized a $350 million share-repurchase program covering up to 7% of outstanding shares; analysts maintain a “Moderate Buy” consensus with a $90.75 price target.
Dolby Laboratories (NYSE:DLB - Get Free Report) CAO Ryan Nicholson sold 1,348 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $62.04, for a total value of $83,629.92. Following the sale, the chief accounting officer directly owned 35,636 shares of the company's stock, valued at approximately $2,210,857.44. The trade was a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Ryan Nicholson also recently made the following trade(s):
- On Tuesday, August 4th, Ryan Nicholson sold 357 shares of Dolby Laboratories stock. The stock was sold at an average price of $60.63, for a total transaction of $21,644.91.
Dolby Laboratories Price Performance
Shares of Dolby Laboratories stock opened at $61.33 on Thursday. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 26.10 and a beta of 0.80. Dolby Laboratories has a one year low of $48.26 and a one year high of $75.66. The stock's 50-day moving average is $53.18 and its 200-day moving average is $58.45.
Dolby Laboratories (NYSE:DLB - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The electronics maker reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.02. The company had revenue of $305.00 million for the quarter, compared to the consensus estimate of $311.96 million. Dolby Laboratories had a net margin of 16.70% and a return on equity of 11.08%. The firm's revenue was down 3.3% compared to the same quarter last year. During the same period last year, the company earned $0.78 earnings per share. 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. On average, equities analysts expect that Dolby Laboratories will post 3.26 EPS for the current year.
Dolby Laboratories Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, August 11th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.3%. Dolby Laboratories's dividend payout ratio is currently 61.28%.
Dolby Laboratories announced that its board has approved a stock repurchase plan on Thursday, July 30th that authorizes the company to repurchase $350.00 million in shares. This repurchase authorization authorizes the electronics maker to reacquire up to 7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.
Hedge Funds Weigh In On Dolby Laboratories
Several institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp boosted its holdings in Dolby Laboratories by 34.7% in the 4th quarter. Fifth Third Bancorp now owns 746 shares of the electronics maker's stock valued at $48,000 after purchasing an additional 192 shares during the period. Aquatic Capital Management LLC bought a new stake in shares of Dolby Laboratories during the 3rd quarter valued at $56,000. iSAM Funds UK Ltd acquired a new stake in shares of Dolby Laboratories during the 3rd quarter worth $68,000. Quarry LP lifted its position in Dolby Laboratories by 1,486.7% during the fourth quarter. Quarry LP now owns 1,190 shares of the electronics maker's stock worth $76,000 after purchasing an additional 1,115 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in Dolby Laboratories by 48.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,232 shares of the electronics maker's stock valued at $79,000 after buying an additional 402 shares during the period. 58.56% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on DLB shares. Wall Street Zen cut shares of Dolby Laboratories from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Rosenblatt Securities restated a "buy" rating and issued a $85.00 price objective on shares of Dolby Laboratories in a research note on Friday, July 31st. Barrington Research reiterated an "outperform" rating and set a $90.00 target price on shares of Dolby Laboratories in a research note on Monday, June 15th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Dolby Laboratories in a report on Wednesday, June 24th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.75.
View Our Latest Research Report on DLB
About Dolby Laboratories
(
Get Free Report)
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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