Louisiana State Employees Retirement System Makes New $1.06 Million Investment in Dolby Laboratories $DLB

Louisiana State Employees Retirement System bought a new position in Dolby Laboratories (NYSE:DLB) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 17,700 shares of the electronics maker’s stock, valued at approximately $1,063,000.

Several other institutional investors also recently modified their holdings of the business. Teacher Retirement System of Texas lifted its holdings in Dolby Laboratories by 19.1% during the fourth 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. JPMorgan Chase & Co. grew its stake in Dolby Laboratories by 81.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 312,028 shares of the electronics maker’s stock valued at $22,582,000 after purchasing an additional 139,900 shares during the period. Paragon Capital Management Inc. purchased a new stake in shares of Dolby Laboratories during the 1st quarter valued at $1,306,000. Clifford Capital Partners LLC raised its stake in shares of Dolby Laboratories by 15.2% during the 3rd quarter. Clifford Capital Partners LLC now owns 304,311 shares of the electronics maker’s stock worth $22,023,000 after purchasing an additional 40,252 shares during the period. Finally, Norges Bank bought a new stake in shares of Dolby Laboratories during the 4th quarter worth $54,966,000. 58.56% of the stock is owned by institutional investors.

Dolby Laboratories Price Performance

Shares of DLB opened at $51.15 on Friday. Dolby Laboratories has a 1 year low of $50.60 and a 1 year high of $77.00. The stock’s fifty day moving average price is $55.29 and its two-hundred day moving average price is $60.65. The firm has a market cap of $4.84 billion, a PE ratio of 20.22 and a beta of 0.81.

Dolby Laboratories (NYSE:DLB) last posted its quarterly earnings results on Thursday, April 30th. The electronics maker reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.06. Dolby Laboratories had a return on equity of 11.47% and a net margin of 17.85%.The company had revenue of $395.63 million during the quarter, compared to the consensus estimate of $385.80 million. During the same quarter in the prior year, the company earned $1.34 EPS. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Dolby Laboratories has set its FY 2026 guidance at 4.300-4.450 EPS and its Q3 2026 guidance at 0.560-0.710 EPS. Sell-side analysts anticipate that Dolby Laboratories will post 3.21 earnings per share for the current fiscal year.

Dolby Laboratories Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Tuesday, May 12th were given a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $1.44 annualized dividend and a dividend yield of 2.8%. Dolby Laboratories’s payout ratio is 56.92%.

Insider Buying and Selling at Dolby Laboratories

In related news, CFO Robert J. Park sold 4,895 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $56.68, for a total value of $277,448.60. Following the completion of the transaction, the chief financial officer directly owned 81,490 shares of the company’s stock, valued at approximately $4,618,853.20. This trade represents a 5.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Todd Pendleton sold 11,876 shares of Dolby Laboratories stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $54.55, for a total transaction of $647,835.80. Following the completion of the transaction, the chief marketing officer owned 41,480 shares of the company’s stock, valued at $2,262,734. This represents a 22.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 39,791 shares of company stock valued at $2,231,653. 37.93% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DLB shares. Rosenblatt Securities restated a “buy” rating and set a $85.00 price target on shares of Dolby Laboratories in a research report on Thursday, June 11th. Wall Street Zen raised shares of Dolby Laboratories from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dolby Laboratories in a research note on Wednesday, June 24th. 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. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.75.

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.