Dolby Laboratories $DLB Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its holdings in shares of Dolby Laboratories (NYSE:DLB) by 396.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,259 shares of the electronics maker’s stock after acquiring an additional 24,958 shares during the period. Hsbc Holdings PLC’s holdings in Dolby Laboratories were worth $1,875,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DLB. Teacher Retirement System of Texas increased its holdings in shares of Dolby Laboratories by 19.1% in the fourth quarter. Teacher Retirement System of Texas now owns 115,772 shares of the electronics maker’s stock valued at $7,435,000 after purchasing an additional 18,579 shares during the last quarter. Paragon Capital Management Inc. acquired a new position in Dolby Laboratories during the first quarter worth $1,306,000. Norges Bank acquired a new position in Dolby Laboratories during the fourth quarter worth $54,966,000. Versor Investments LP grew its holdings in Dolby Laboratories by 65.7% in the 4th quarter. Versor Investments LP now owns 22,548 shares of the electronics maker’s stock valued at $1,448,000 after buying an additional 8,944 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Dolby Laboratories by 7.7% in the 4th quarter. Pacer Advisors Inc. now owns 477,903 shares of the electronics maker’s stock valued at $30,691,000 after buying an additional 34,006 shares in the last quarter. Institutional investors and hedge funds own 58.56% of the company’s stock.

Insider Activity at Dolby Laboratories

In other news, CFO Robert J. Park sold 4,895 shares of the company’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 transaction, the chief financial officer directly owned 81,490 shares in the company, valued at approximately $4,618,853.20. This represents a 5.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP John D. Couling sold 7,667 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $53.20, for a total transaction of $407,884.40. Following the transaction, the senior vice president directly owned 118,727 shares of the company’s stock, valued at $6,316,276.40. The trade was a 6.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 47,458 shares of company stock valued at $2,639,537. 37.93% of the stock is owned by insiders.

Dolby Laboratories Stock Down 0.1%

Shares of Dolby Laboratories stock opened at $49.80 on Monday. The firm has a market cap of $4.71 billion, a PE ratio of 19.68 and a beta of 0.81. Dolby Laboratories has a 52 week low of $48.26 and a 52 week high of $76.70. The business’s fifty day simple moving average is $52.36 and its 200-day simple moving average is $58.92.

Dolby Laboratories (NYSE:DLB) last issued its quarterly earnings data on Thursday, April 30th. The electronics maker reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.06. The firm had revenue of $395.63 million during the quarter, compared to the consensus estimate of $385.80 million. Dolby Laboratories had a return on equity of 11.47% and a net margin of 17.85%.The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company earned $1.34 EPS. 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. As a group, equities analysts expect that Dolby Laboratories will post 3.21 earnings per share for the current year.

Dolby Laboratories Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Tuesday, May 12th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, May 12th. Dolby Laboratories’s payout ratio is 56.92%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Dolby Laboratories in a research note on Thursday, June 11th. Barrington Research restated an “outperform” rating and set a $90.00 price objective on shares of Dolby Laboratories in a research report on Monday, June 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dolby Laboratories in a research note on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of Dolby Laboratories from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.75.

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.