Hillsdale Investment Management Inc. Sells 10,900 Shares of Dolby Laboratories $DLB

Hillsdale Investment Management Inc. lessened its holdings in Dolby Laboratories (NYSE:DLB) by 44.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,800 shares of the electronics maker’s stock after selling 10,900 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Dolby Laboratories were worth $886,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Hantz Financial Services Inc. lifted its position in shares of Dolby Laboratories by 166.7% in the third quarter. Hantz Financial Services Inc. now owns 352 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 220 shares in the last quarter. Rothschild Investment LLC lifted its position in shares of Dolby Laboratories by 4,046.7% in the third quarter. Rothschild Investment LLC now owns 622 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 607 shares in the last quarter. Optiver Holding B.V. lifted its position in shares of Dolby Laboratories by 7,955.6% in the third quarter. Optiver Holding B.V. now owns 725 shares of the electronics maker’s stock worth $52,000 after purchasing an additional 716 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Dolby Laboratories by 34.7% in the fourth quarter. Fifth Third Bancorp now owns 746 shares of the electronics maker’s stock worth $48,000 after purchasing an additional 192 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in shares of Dolby Laboratories in the third quarter worth $56,000. Institutional investors own 58.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Barrington Research reiterated an “outperform” rating and issued a $90.00 price target on shares of Dolby Laboratories in a research note on Monday, April 27th. Wall Street Zen upgraded shares of Dolby Laboratories from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Dolby Laboratories in a research note on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.75.

Dolby Laboratories Price Performance

Shares of DLB opened at $56.17 on Tuesday. The firm has a market capitalization of $5.31 billion, a PE ratio of 22.20 and a beta of 0.81. The company’s 50-day moving average is $59.35 and its 200-day moving average is $62.93. Dolby Laboratories has a fifty-two week low of $52.45 and a fifty-two week high of $77.00.

Dolby Laboratories (NYSE:DLB) last issued its quarterly earnings data on Thursday, April 30th. The electronics maker reported $1.37 earnings per share 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 analyst estimates of $385.80 million. Dolby Laboratories had a net margin of 17.85% and a return on equity of 11.47%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $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. Analysts predict that Dolby Laboratories will post 3.21 earnings per share for the current fiscal year.

Dolby Laboratories Dividend Announcement

The business also recently disclosed 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 2.6%. Dolby Laboratories’s dividend payout ratio is presently 56.92%.

Insider Activity at Dolby Laboratories

In other news, CFO Robert J. Park sold 4,895 shares of the stock in a transaction dated 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 of the company’s stock, valued at $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 can be accessed through this link. Also, CMO Todd Pendleton sold 11,876 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $54.55, for a total transaction of $647,835.80. Following the transaction, the chief marketing officer directly owned 41,480 shares in the company, valued at approximately $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. Insiders sold 32,125 shares of company stock valued at $1,805,270 over the last three months. Company insiders own 37.93% of the company’s stock.

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.