Dolby Laboratories (NYSE:DLB) Sets New 1-Year Low – Here’s What Happened
by Teresa Graham · The Cerbat GemDolby Laboratories (NYSE:DLB – Get Free Report)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $55.11 and last traded at $55.5180, with a volume of 572340 shares traded. The stock had previously closed at $57.59.
Wall Street Analysts Forecast Growth
DLB has been the subject of a number of research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Dolby Laboratories in a research report on Friday, January 30th. Wall Street Zen downgraded shares of Dolby Laboratories from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Barrington Research reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Dolby Laboratories in a research report on Monday, April 27th. Finally, Weiss Ratings reissued 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. Based on data from MarketBeat.com, Dolby Laboratories currently has an average rating of “Moderate Buy” and a consensus target price of $90.75.
View Our Latest Stock Analysis on DLB
Dolby Laboratories Stock Performance
The business’s 50-day moving average price is $61.32 and its 200-day moving average price is $63.85. The stock has a market cap of $5.18 billion, a P/E ratio of 21.64 and a beta of 0.86.
Dolby Laboratories (NYSE:DLB – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The electronics maker reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.06. Dolby Laboratories had a net margin of 17.85% and a return on equity of 11.47%. The firm had revenue of $395.63 million during the quarter, compared to the consensus estimate of $385.80 million. During the same quarter in the previous year, the firm posted $1.34 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. 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, equities research analysts expect that Dolby Laboratories will post 3.22 earnings per share for the current year.
Dolby Laboratories Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Tuesday, May 12th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $1.44 annualized dividend and a yield of 2.6%. Dolby Laboratories’s dividend payout ratio is currently 56.92%.
Insider Activity
In related news, CFO Robert J. Park sold 4,895 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $56.68, for a total value of $277,448.60. Following the completion of the transaction, the chief financial officer owned 81,490 shares of the company’s stock, valued at approximately $4,618,853.20. This represents a 5.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Shriram Revankar sold 3,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $66.14, for a total transaction of $198,420.00. Following the completion of the transaction, the senior vice president directly owned 83,218 shares of the company’s stock, valued at $5,504,038.52. This represents a 3.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 22,916 shares of company stock worth $1,368,190. 37.93% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new position in shares of Dolby Laboratories during the 3rd quarter valued at about $615,000. JPMorgan Chase & Co. boosted its holdings in shares of Dolby Laboratories by 81.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 312,028 shares of the electronics maker’s stock valued at $22,582,000 after purchasing an additional 139,900 shares during the last quarter. Alps Advisors Inc. boosted its holdings in shares of Dolby Laboratories by 6.7% during the 3rd quarter. Alps Advisors Inc. now owns 281,532 shares of the electronics maker’s stock valued at $20,374,000 after purchasing an additional 17,592 shares during the last quarter. Clifford Capital Partners LLC boosted its holdings in shares of Dolby Laboratories by 15.2% during the 3rd quarter. Clifford Capital Partners LLC now owns 304,311 shares of the electronics maker’s stock valued at $22,023,000 after purchasing an additional 40,252 shares during the last quarter. Finally, Vest Financial LLC boosted its holdings in shares of Dolby Laboratories by 88.4% during the 3rd quarter. Vest Financial LLC now owns 54,538 shares of the electronics maker’s stock valued at $3,947,000 after purchasing an additional 25,596 shares during the last quarter. Institutional investors own 58.56% 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.