Key Points
- Insider sale: Dolby Laboratories CAO Ryan Nicholson sold 1,183 shares for approximately $77,226, reducing his position by 3.32% to 34,453 shares. He also sold shares earlier in August.
- Financial performance and shareholder returns: Dolby reported quarterly EPS of $0.69, above expectations, although revenue fell 3.3% year over year. The company pays a $0.36 quarterly dividend and authorized a $350 million share-repurchase program covering up to 7% of outstanding shares.
- Mixed analyst outlook: Analysts’ ratings range from buy to sell, resulting in an overall “Hold” consensus and an average price target of $83, compared with a recent share price near $62.47.
Dolby Laboratories (NYSE:DLB - Get Free Report) CAO Ryan Nicholson sold 1,183 shares of the business's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $65.28, for a total value of $77,226.24. Following the sale, the chief accounting officer owned 34,453 shares in the company, valued at $2,249,091.84. This represents a 3.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Ryan Nicholson also recently made the following trade(s):
- On Monday, August 10th, Ryan Nicholson sold 1,348 shares of Dolby Laboratories stock. The shares were sold at an average price of $62.04, for a total value of $83,629.92.
- 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 value of $21,644.91.
Dolby Laboratories Price Performance
NYSE:DLB opened at $62.47 on Friday. The firm's 50 day simple moving average is $55.49 and its 200 day simple moving average is $58.50. Dolby Laboratories has a one year low of $48.26 and a one year high of $73.78. The company has a market cap of $5.85 billion, a PE ratio of 26.58 and a beta of 0.80.
Dolby Laboratories (NYSE:DLB - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The electronics maker reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.02. The firm had revenue of $305.00 million during the quarter, compared to analysts' expectations of $311.96 million. Dolby Laboratories had a net margin of 16.70% and a return on equity of 11.08%. The company's revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 EPS. 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. Equities research analysts expect that Dolby Laboratories will post 3.23 EPS for the current year.
Dolby Laboratories Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Tuesday, August 11th were issued a $0.36 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $1.44 annualized dividend and a yield of 2.3%. Dolby Laboratories's dividend payout ratio is presently 61.28%.
Dolby Laboratories announced that its Board of Directors has approved a stock buyback 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 usually a sign that the company's board of directors believes its stock is undervalued.
Institutional Investors Weigh In On Dolby Laboratories
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp raised its holdings in shares of Dolby Laboratories by 34.7% during the fourth 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 acquired a new stake in shares of Dolby Laboratories in the 3rd quarter valued at about $56,000. iSAM Funds UK Ltd bought a new stake in Dolby Laboratories in the 3rd quarter valued at about $68,000. Quarry LP increased its position in Dolby Laboratories by 1,486.7% in the 4th quarter. Quarry LP now owns 1,190 shares of the electronics maker's stock valued at $76,000 after buying an additional 1,115 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Dolby Laboratories by 48.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,232 shares of the electronics maker's stock worth $79,000 after buying an additional 402 shares during the period. 58.56% of the stock is owned by institutional investors.
Dolby Laboratories News Roundup
Here are the key news stories impacting Dolby Laboratories this week:
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Barrington Research restated an "outperform" rating and issued a $90.00 target price on shares of Dolby Laboratories in a report on Monday, June 15th. Rosenblatt Securities reissued a "buy" rating and issued a $85.00 price objective on shares of Dolby Laboratories in a research note on Friday, July 31st. Weiss Ratings lowered Dolby Laboratories from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, August 13th. Finally, Wall Street Zen downgraded Dolby Laboratories from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $83.00.
View Our Latest Research Report on Dolby Laboratories
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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