Dolby Laboratories $DLB Position Increased by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in Dolby Laboratories (NYSE:DLB) by 2.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,556,571 shares of the electronics maker’s stock after purchasing an additional 30,057 shares during the period. Geode Capital Management LLC’s holdings in Dolby Laboratories were worth $116,159,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. MAI Capital Management raised its stake in Dolby Laboratories by 87.1% during the first quarter. MAI Capital Management now owns 348 shares of the electronics maker’s stock worth $28,000 after acquiring an additional 162 shares during the period. Equitable Trust Co. grew its holdings in shares of Dolby Laboratories by 3.3% during the second quarter. Equitable Trust Co. now owns 5,567 shares of the electronics maker’s stock valued at $413,000 after purchasing an additional 177 shares during the last quarter. State of Michigan Retirement System raised its position in shares of Dolby Laboratories by 1.4% during the 2nd quarter. State of Michigan Retirement System now owns 14,800 shares of the electronics maker’s stock worth $1,099,000 after purchasing an additional 200 shares during the period. Amalgamated Bank lifted its holdings in shares of Dolby Laboratories by 0.8% in the 2nd quarter. Amalgamated Bank now owns 27,978 shares of the electronics maker’s stock worth $2,078,000 after purchasing an additional 214 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Dolby Laboratories by 18.6% in the 1st quarter. US Bancorp DE now owns 1,444 shares of the electronics maker’s stock worth $116,000 after purchasing an additional 226 shares during the last quarter. 58.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DLB has been the topic of several analyst reports. Robert W. Baird began coverage on Dolby Laboratories in a research report on Friday, September 5th. They issued a “neutral” rating and a $74.00 target price on the stock. Baird R W raised shares of Dolby Laboratories to a “hold” rating in a report on Friday, September 5th. Barrington Research reduced their target price on shares of Dolby Laboratories from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday. Rosenblatt Securities decreased their target price on shares of Dolby Laboratories from $95.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Wall Street Zen raised Dolby Laboratories from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dolby Laboratories currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Dolby Laboratories Stock Up 0.0%

Shares of DLB opened at $64.98 on Thursday. The firm has a market capitalization of $6.23 billion, a PE ratio of 23.80 and a beta of 0.97. The firm has a 50-day moving average price of $68.81 and a 200 day moving average price of $72.46. Dolby Laboratories has a 52-week low of $64.02 and a 52-week high of $89.66.

Dolby Laboratories (NYSE:DLB) last issued its quarterly earnings results on Tuesday, November 18th. The electronics maker reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.29. Dolby Laboratories had a net margin of 19.62% and a return on equity of 11.52%. The company had revenue of $307.02 million during the quarter, compared to analyst estimates of $305.76 million. During the same period in the prior year, the business posted $0.61 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Dolby Laboratories has set its FY 2026 guidance at 4.190-4.340 EPS. Q1 2026 guidance at 0.790-0.940 EPS. On average, equities analysts expect that Dolby Laboratories will post 2.94 EPS for the current year.

Dolby Laboratories Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $0.36 per share. This is a boost from Dolby Laboratories’s previous quarterly dividend of $0.33. The ex-dividend date is Tuesday, December 2nd. This represents a $1.44 annualized dividend and a dividend yield of 2.2%. Dolby Laboratories’s payout ratio is 48.35%.

Insiders Place Their Bets

In related news, SVP Shriram Revankar sold 7,000 shares of Dolby Laboratories stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $74.92, for a total transaction of $524,440.00. Following the transaction, the senior vice president directly owned 70,435 shares of the company’s stock, valued at $5,276,990.20. The trade was a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin J. Yeaman sold 25,000 shares of the business’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $68.87, for a total transaction of $1,721,750.00. Following the completion of the sale, the chief executive officer owned 114,725 shares in the company, valued at approximately $7,901,110.75. This trade represents a 17.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 57,000 shares of company stock worth $4,037,690 in the last three months. Company insiders own 38.39% of the company’s stock.

About Dolby Laboratories

Dolby Laboratories, Inc creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, a digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and various media devices.