Key Points
- Dolby Laboratories SVP Shriram Revankar sold 3,000 shares at an average price of $62.71, totaling $188,130. His remaining stake was 73,274 shares, a 3.93% reduction in ownership.
- Dolby’s latest quarterly results exceeded EPS expectations at $0.69 versus $0.67, but revenue fell 3.3% year over year to $305 million and missed estimates. The company projects fiscal 2026 EPS of $4.25–$4.40.
- The board authorized a $350 million share buyback, while the company maintained a quarterly dividend of $0.36 per share, yielding about 2.4%. Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $83.
Dolby Laboratories (NYSE:DLB - Get Free Report) SVP Shriram Revankar sold 3,000 shares of Dolby Laboratories stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $62.71, for a total transaction of $188,130.00. Following the transaction, the senior vice president owned 73,274 shares of the company's stock, valued at $4,595,012.54. This represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Dolby Laboratories Price Performance
DLB opened at $61.22 on Wednesday. Dolby Laboratories has a fifty-two week low of $48.26 and a fifty-two week high of $75.66. The firm has a market capitalization of $5.73 billion, a PE ratio of 26.05 and a beta of 0.80. The company's 50-day moving average is $53.81 and its 200 day moving average is $58.46.
Dolby Laboratories (NYSE:DLB - Get Free Report) last issued 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 return on equity of 11.08% and a net margin of 16.70%.The firm had revenue of $305.00 million during the quarter, compared to analyst estimates of $311.96 million. During the same period in the previous year, the company posted $0.78 EPS. The company's revenue for the quarter was down 3.3% on a year-over-year basis. 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. As a group, analysts expect that Dolby Laboratories will post 3.26 EPS for the current year.
Dolby Laboratories declared that its board has initiated a share buyback program on Thursday, July 30th that permits the company to buyback $350.00 million in outstanding shares. This buyback authorization permits the electronics maker to repurchase up to 7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.
Dolby Laboratories Dividend Announcement
The company 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 2.4%. The ex-dividend date of this dividend is Tuesday, August 11th. Dolby Laboratories's payout ratio is currently 61.28%.
Analyst Ratings Changes
DLB has been the subject of several analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $85.00 target price on shares of Dolby Laboratories in a report on Friday, July 31st. Wall Street Zen downgraded shares of Dolby Laboratories from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Weiss Ratings lowered shares of Dolby Laboratories from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, August 13th. Finally, Barrington Research reissued an "outperform" rating and set a $90.00 target price on shares of Dolby Laboratories in a research report on Monday, June 15th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $83.00.
View Our Latest Analysis on DLB
Institutional Investors Weigh In On Dolby Laboratories
Large investors have recently made changes to their positions in the business. Paragon Capital Management Inc. purchased a new position in Dolby Laboratories in the first quarter valued at approximately $1,306,000. Teacher Retirement System of Texas lifted its position in shares of 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 buying an additional 18,579 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Dolby Laboratories by 396.1% during the 1st 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 period. Norges Bank purchased a new stake in Dolby Laboratories in the 4th quarter worth about $54,966,000. Finally, Entropy Technologies LP purchased a new stake in Dolby Laboratories during the first quarter valued at about $1,674,000. 58.56% of the stock is owned by hedge funds and other institutional investors.
Dolby Laboratories Company Profile
(
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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