Dolby Laboratories (NYSE:DLB) CAO Ryan Nicholson Sells 1,348 Shares of Stock

Dolby Laboratories (NYSE:DLB) CAO Ryan Nicholson sold 1,348 shares of the business’s stock in a transaction 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 completion of the transaction, 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 accessible 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 value of $21,644.91.

Dolby Laboratories Stock Performance

DLB stock traded down $0.03 during trading on Wednesday, reaching $61.33. 621,160 shares of the company traded hands, compared to its average volume of 826,293. The business has a 50 day simple moving average of $53.05 and a 200 day simple moving average of $58.46. Dolby Laboratories has a 12 month low of $48.26 and a 12 month high of $75.66. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 26.10 and a beta of 0.80.

Dolby Laboratories (NYSE:DLB) last announced its earnings results on Thursday, July 30th. The electronics maker reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The business had revenue of $305.00 million during 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% on a year-over-year basis. During the same period in the previous year, the company posted $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. As a group, research analysts forecast that Dolby Laboratories will post 3.24 EPS for the current year.

Dolby Laboratories declared that its board has approved a stock repurchase program on Thursday, July 30th that permits the company to buyback $350.00 million in shares. This buyback authorization permits the electronics maker to reacquire up to 7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Dolby Laboratories Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Tuesday, August 11th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, August 11th. Dolby Laboratories’s payout ratio is 61.28%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Barrington Research restated an “outperform” rating and issued a $90.00 target price on shares of Dolby Laboratories in a research note on Monday, June 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dolby Laboratories in a report on Wednesday, June 24th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price objective on shares of Dolby Laboratories in a research report on Friday, July 31st. Finally, Wall Street Zen downgraded Dolby Laboratories from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dolby Laboratories has an average rating of “Moderate Buy” and an average target price of $90.75.

Hedge Funds Weigh In On Dolby Laboratories

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp purchased a new position in shares of Dolby Laboratories in the 2nd quarter valued at approximately $253,289,000. Wedge Capital Management L L P NC grew its position in Dolby Laboratories by 53.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 77,380 shares of the electronics maker’s stock worth $4,069,000 after purchasing an additional 26,860 shares during the last quarter. Handelsbanken Fonder AB grew its position in Dolby Laboratories by 31.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 23,216 shares of the electronics maker’s stock worth $1,221,000 after purchasing an additional 5,500 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Dolby Laboratories by 88.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 104,202 shares of the electronics maker’s stock valued at $5,479,000 after purchasing an additional 49,044 shares in the last quarter. Finally, CX Institutional increased its stake in Dolby Laboratories by 14.4% during the 2nd quarter. CX Institutional now owns 12,727 shares of the electronics maker’s stock valued at $669,000 after purchasing an additional 1,605 shares in the last quarter. 58.56% of the stock is owned by hedge funds and other institutional investors.

Dolby Laboratories Company Profile

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.