Dolby Laboratories (NYSE:DLB) CMO Bob Borchers sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $61.00, for a total transaction of $3,050,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Bob Borchers also recently made the following trade(s):

  • On Friday, November 17th, Bob Borchers sold 116,821 shares of Dolby Laboratories stock. The shares were sold at an average price of $61.15, for a total transaction of $7,143,604.15.

Shares of Dolby Laboratories (NYSE:DLB) opened at $61.49 on Friday. Dolby Laboratories has a 1 year low of $44.98 and a 1 year high of $61.59. The company has a market cap of $6,274.26, a price-to-earnings ratio of 29.56, a P/E/G ratio of 2.28 and a beta of 0.83.

Dolby Laboratories (NYSE:DLB) last released its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.18. Dolby Laboratories had a net margin of 18.66% and a return on equity of 10.73%. The business had revenue of $242.05 million during the quarter, compared to analysts’ expectations of $244.80 million. During the same quarter in the prior year, the company earned $0.37 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. equities analysts forecast that Dolby Laboratories will post 2.24 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Monday, November 6th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Friday, November 3rd. This is a boost from Dolby Laboratories’s previous quarterly dividend of $0.14. Dolby Laboratories’s dividend payout ratio is 32.99%.

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A number of analysts recently commented on the stock. B. Riley restated a “buy” rating and issued a $61.50 price objective on shares of Dolby Laboratories in a research report on Thursday, September 14th. BidaskClub cut shares of Dolby Laboratories from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Piper Jaffray Companies restated a “hold” rating and issued a $52.00 price objective (up previously from $49.00) on shares of Dolby Laboratories in a research report on Wednesday, September 13th. Finally, Dougherty & Co restated a “buy” rating and issued a $63.00 price objective on shares of Dolby Laboratories in a research report on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Dolby Laboratories currently has an average rating of “Hold” and a consensus price target of $60.17.

A number of hedge funds have recently added to or reduced their stakes in the business. Alps Advisors Inc. increased its holdings in Dolby Laboratories by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 9,461 shares of the electronics maker’s stock worth $463,000 after purchasing an additional 24 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Dolby Laboratories by 0.4% during the 1st quarter. Ameriprise Financial Inc. now owns 15,650 shares of the electronics maker’s stock worth $821,000 after purchasing an additional 61 shares in the last quarter. US Bancorp DE increased its holdings in Dolby Laboratories by 2.6% during the 2nd quarter. US Bancorp DE now owns 3,029 shares of the electronics maker’s stock worth $149,000 after purchasing an additional 78 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Dolby Laboratories by 1.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 7,769 shares of the electronics maker’s stock worth $380,000 after purchasing an additional 94 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its holdings in Dolby Laboratories by 1.1% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 10,226 shares of the electronics maker’s stock worth $501,000 after purchasing an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 51.71% of the company’s stock.

About Dolby Laboratories

Dolby Laboratories, Inc designs and manufactures audio and imaging products for the cinema, television, broadcast and entertainment industries. Its products for cinema include Digital Cinema Servers and Cinema Audio Products, and broadcast and other include Dolby Conference Phone and Other Products. It offers services to support theatrical and television production for cinema exhibition, broadcast and home entertainment, including equipment training and maintenance, mixing room alignment and equalization, as well as audio, color and light image calibration.

Insider Buying and Selling by Quarter for Dolby Laboratories (NYSE:DLB)

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