Insider Selling: Dolby Laboratories (NYSE:DLB) SVP Sells 3,000 Shares

Dolby Laboratories (NYSE:DLB) SVP Shriram Revankar sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $62.71, for a total value of $188,130.00. Following the completion of the transaction, the senior vice president directly owned 73,274 shares of the company’s stock, valued at $4,595,012.54. This represents a 3.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dolby Laboratories Trading Down 0.2%

NYSE:DLB traded down $0.13 during mid-day trading on Tuesday, hitting $61.22. 517,386 shares of the company’s stock were exchanged, compared to its average volume of 822,352. The company has a 50 day simple moving average of $53.67 and a 200-day simple moving average of $58.46. 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 P/E ratio of 26.05 and a beta of 0.80.

Dolby Laboratories (NYSE:DLB) last posted its earnings results on Thursday, July 30th. The electronics maker reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The firm had revenue of $305.00 million for the quarter, compared to analyst estimates 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 for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, analysts expect that Dolby Laboratories will post 3.26 earnings per share for the current year.

Dolby Laboratories Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Tuesday, August 11th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, August 11th. Dolby Laboratories’s dividend payout ratio is presently 61.28%.

Dolby Laboratories announced that its board has authorized a share buyback plan on Thursday, July 30th that authorizes the company to repurchase $350.00 million in shares. This repurchase authorization authorizes the electronics maker to repurchase up to 7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

DLB has been the topic of several recent research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 target price on shares of Dolby Laboratories in a report on Friday, July 31st. Barrington Research reissued an “outperform” rating and issued a $90.00 price target on shares of Dolby Laboratories in a research note on Monday, June 15th. Weiss Ratings downgraded Dolby Laboratories from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Finally, Wall Street Zen lowered Dolby Laboratories from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $83.00.

Institutional Investors Weigh In On Dolby Laboratories

Large investors have recently modified their holdings of the company. Paragon Capital Management Inc. bought a new stake in Dolby Laboratories during the first quarter valued at $1,306,000. Teacher Retirement System of Texas grew its holdings 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 acquiring an additional 18,579 shares during the period. Hsbc Holdings PLC raised its position in shares of Dolby Laboratories by 396.1% in 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 in the last quarter. Norges Bank bought a new position in shares of Dolby Laboratories in the 4th quarter worth about $54,966,000. Finally, Pacer Advisors Inc. lifted its stake in shares of Dolby Laboratories by 8.0% in the 1st quarter. Pacer Advisors Inc. now owns 516,292 shares of the electronics maker’s stock valued at $31,008,000 after purchasing an additional 38,389 shares during the period. 58.56% of the stock is currently owned by institutional investors and hedge funds.

About Dolby Laboratories

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.