Shriram Revankar Sells 3,000 Shares of Dolby Laboratories (NYSE:DLB) Stock

Dolby Laboratories (NYSE:DLB) SVP Shriram Revankar sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $54.90, for a total transaction of $164,700.00. Following the completion of the sale, the senior vice president owned 80,603 shares in the company, valued at $4,425,104.70. This represents a 3.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Dolby Laboratories Stock Down 1.9%

DLB traded down $1.05 during mid-day trading on Tuesday, reaching $53.32. 832,428 shares of the company traded hands, compared to its average volume of 761,660. The stock has a market capitalization of $5.04 billion, a P/E ratio of 21.08 and a beta of 0.86. The company’s fifty day moving average price is $60.88 and its 200-day moving average price is $63.67. Dolby Laboratories has a 52-week low of $53.20 and a 52-week high of $77.14.

Dolby Laboratories (NYSE:DLB) last released its quarterly earnings results 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. Dolby Laboratories had a return on equity of 11.47% and a net margin of 17.85%.The firm had revenue of $395.63 million for the quarter, compared to the consensus estimate of $385.80 million. During the same period last year, the business posted $1.34 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. 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, sell-side analysts forecast that Dolby Laboratories will post 3.22 earnings per share for the current fiscal year.

Dolby Laboratories Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Tuesday, May 12th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, May 12th. Dolby Laboratories’s dividend payout ratio (DPR) is presently 56.92%.

Analyst Upgrades and Downgrades

DLB has been the topic of several recent research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price objective on shares of Dolby Laboratories in a research note on Friday, January 30th. Wall Street Zen cut shares of Dolby Laboratories from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Barrington Research reiterated an “outperform” rating and issued a $90.00 price target on shares of Dolby Laboratories in a research report on Monday, April 27th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Dolby Laboratories in a research report on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.75.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Boothbay Fund Management LLC raised its position in Dolby Laboratories by 4.1% in the second quarter. Boothbay Fund Management LLC now owns 4,020 shares of the electronics maker’s stock worth $299,000 after acquiring an additional 157 shares during the period. Covestor Ltd grew its stake in shares of Dolby Laboratories by 6.0% during the 4th quarter. Covestor Ltd now owns 3,088 shares of the electronics maker’s stock valued at $198,000 after acquiring an additional 175 shares during the period. Fifth Third Bancorp grew its stake in shares of Dolby Laboratories by 34.7% during the 4th quarter. Fifth Third Bancorp now owns 746 shares of the electronics maker’s stock valued at $48,000 after acquiring an additional 192 shares during the period. State of Michigan Retirement System grew its stake in shares of Dolby Laboratories by 1.4% during the 1st quarter. State of Michigan Retirement System now owns 14,700 shares of the electronics maker’s stock valued at $883,000 after acquiring an additional 200 shares during the period. Finally, Gabelli Funds LLC grew its stake in shares of Dolby Laboratories by 0.4% during the 3rd quarter. Gabelli Funds LLC now owns 49,143 shares of the electronics maker’s stock valued at $3,556,000 after acquiring an additional 202 shares during the period. 58.56% of the stock is currently 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.