Dolby Laboratories (NYSE:DLB) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Dolby Laboratories (NYSE:DLB) have received an average recommendation of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $90.75.

Several equities analysts have commented on the company. Wall Street Zen raised Dolby Laboratories from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Dolby Laboratories in a research note on Wednesday, June 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Dolby Laboratories in a research report on Thursday, June 11th. Finally, Barrington Research reiterated an “outperform” rating and set a $90.00 price target on shares of Dolby Laboratories in a research note on Monday, June 15th.

Dolby Laboratories Trading Down 1.5%

Shares of Dolby Laboratories stock opened at $49.30 on Friday. The firm has a fifty day simple moving average of $54.73 and a 200-day simple moving average of $60.37. Dolby Laboratories has a 1-year low of $48.66 and a 1-year high of $77.00. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 19.49 and a beta of 0.81.

Dolby Laboratories (NYSE:DLB) last issued its quarterly earnings results on Thursday, April 30th. The electronics maker reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.06. The company had revenue of $395.63 million for 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 firm’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $1.34 earnings per share. 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, research analysts predict 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. Investors of record on Tuesday, May 12th were paid a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $1.44 annualized dividend and a yield of 2.9%. Dolby Laboratories’s payout ratio is currently 56.92%.

Insider Activity

In other news, CFO Robert J. Park sold 4,895 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $56.68, for a total transaction of $277,448.60. Following the sale, the chief financial officer owned 81,490 shares in the company, valued at approximately $4,618,853.20. This represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John D. Couling sold 7,667 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $53.20, for a total transaction of $407,884.40. Following the sale, the senior vice president directly owned 118,727 shares in the company, valued at approximately $6,316,276.40. This represents a 6.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 47,458 shares of company stock worth $2,639,537 over the last 90 days. 37.93% of the stock is currently owned by company insiders.

Institutional Trading of Dolby Laboratories

Several institutional investors and hedge funds have recently added to or reduced their stakes in DLB. Teacher Retirement System of Texas increased its holdings in 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. JPMorgan Chase & Co. boosted its holdings in Dolby Laboratories by 81.3% during the third quarter. JPMorgan Chase & Co. now owns 312,028 shares of the electronics maker’s stock worth $22,582,000 after buying an additional 139,900 shares during the last quarter. Paragon Capital Management Inc. acquired a new position in shares of Dolby Laboratories during the 1st quarter worth about $1,306,000. Norges Bank acquired a new position in shares of Dolby Laboratories during the 4th quarter worth about $54,966,000. Finally, Clifford Capital Partners LLC increased its stake in shares of Dolby Laboratories by 15.2% in the 3rd quarter. Clifford Capital Partners LLC now owns 304,311 shares of the electronics maker’s stock valued at $22,023,000 after acquiring an additional 40,252 shares during the last quarter. 58.56% of the stock is owned by institutional investors.

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.