Insider Selling: Dolby Laboratories (NYSE:DLB) SVP Sells $460,020.00 in Stock

Dolby Laboratories (NYSE:DLB) SVP John Couling sold 7,667 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $60.00, for a total value of $460,020.00. Following the transaction, the senior vice president directly owned 118,727 shares in the company, valued at approximately $7,123,620. This trade represents a 6.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dolby Laboratories Trading Up 0.1%

NYSE:DLB traded up $0.09 on Wednesday, hitting $61.31. The company’s stock had a trading volume of 839,126 shares, compared to its average volume of 826,399. The stock has a fifty day moving average of $52.48 and a two-hundred day moving average of $58.49. The firm has a market capitalization of $5.80 billion, a P/E ratio of 26.09 and a beta of 0.80. Dolby Laboratories has a one year low of $48.26 and a one year high of $75.66.

Dolby Laboratories (NYSE:DLB) last issued its earnings results on Thursday, July 30th. The electronics maker reported $0.69 EPS for the quarter, topping the consensus estimate of $0.67 by $0.02. The company had revenue of $305.00 million during the quarter, compared to the consensus estimate of $311.96 million. Dolby Laboratories had a return on equity of 11.08% and a net margin of 16.70%.The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. Dolby Laboratories has set its FY 2026 guidance at 4.250-4.400 EPS and its Q4 2026 guidance at 1.130-1.280 EPS. As a group, sell-side analysts anticipate that Dolby Laboratories will post 3.21 EPS for the current year.

Dolby Laboratories declared that its board has approved a share buyback program on Thursday, July 30th that authorizes the company to buyback $350.00 million in shares. This buyback authorization authorizes the electronics maker to purchase up to 7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Dolby Laboratories Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Tuesday, August 11th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $1.44 annualized dividend and a yield of 2.3%. Dolby Laboratories’s dividend payout ratio (DPR) is currently 61.28%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DLB. Weiss Ratings reissued a “hold (c-)” rating on shares of Dolby Laboratories in a research report on Wednesday, June 24th. Wall Street Zen downgraded shares of Dolby Laboratories from a “buy” rating to a “hold” rating in a report on Saturday. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Dolby Laboratories in a research note on Friday, July 31st. Finally, Barrington Research reiterated an “outperform” rating and issued a $90.00 price target on shares of Dolby Laboratories in a research note on Monday, June 15th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.75.

Institutional Investors Weigh In On Dolby Laboratories

Several institutional investors and hedge funds have recently bought and sold shares of DLB. Wedge Capital Management L L P NC increased its holdings in Dolby Laboratories by 53.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 77,380 shares of the electronics maker’s stock valued at $4,069,000 after buying an additional 26,860 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of Dolby Laboratories by 31.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 23,216 shares of the electronics maker’s stock worth $1,221,000 after acquiring an additional 5,500 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Dolby Laboratories by 88.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 104,202 shares of the electronics maker’s stock worth $5,479,000 after acquiring an additional 49,044 shares during the period. CX Institutional boosted its position in shares of Dolby Laboratories by 14.4% during the 2nd quarter. CX Institutional now owns 12,727 shares of the electronics maker’s stock worth $669,000 after acquiring an additional 1,605 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Dolby Laboratories by 8.0% during the 1st quarter. Pacer Advisors Inc. now owns 516,292 shares of the electronics maker’s stock worth $31,008,000 after acquiring an additional 38,389 shares in the last quarter. Institutional investors own 58.56% of the company’s stock.

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.