Dolby Laboratories (NYSE:DLB) Given Consensus Rating of “Moderate Buy” by Analysts

Dolby Laboratories (NYSE:DLB) has been assigned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $90.75.

DLB has been the subject of a number of research analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Dolby Laboratories in a research note on Thursday. 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. Weiss Ratings restated a “hold (c-)” rating on shares of Dolby Laboratories in a research note on Friday, March 27th. Finally, Wall Street Zen upgraded Dolby Laboratories from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th.

Dolby Laboratories Stock Performance

Dolby Laboratories stock opened at $52.59 on Monday. The stock has a 50-day moving average of $58.38 and a two-hundred day moving average of $62.17. Dolby Laboratories has a one year low of $51.78 and a one year high of $77.00. The stock has a market cap of $4.98 billion, a PE ratio of 20.79 and a beta of 0.81.

Dolby Laboratories (NYSE:DLB) last released its quarterly earnings results on Thursday, April 30th. The electronics maker reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.06. Dolby Laboratories had a return on equity of 11.47% and a net margin of 17.85%.The company had revenue of $395.63 million during the quarter, compared to analysts’ expectations of $385.80 million. During the same period last year, the business posted $1.34 earnings per share. The firm’s revenue 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, sell-side analysts predict that Dolby Laboratories will post 3.21 EPS for the current fiscal year.

Dolby Laboratories Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Tuesday, May 12th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Tuesday, May 12th. Dolby Laboratories’s dividend payout ratio (DPR) is presently 56.92%.

Insider Transactions at Dolby Laboratories

In other news, 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 value of $647,835.80. Following the completion of the transaction, the chief marketing officer directly owned 41,480 shares in the company, valued at $2,262,734. This trade represents a 22.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP John D. Couling sold 7,666 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $55.62, for a total value of $426,382.92. Following the completion of the transaction, the senior vice president owned 118,727 shares of the company’s stock, valued at approximately $6,603,595.74. The trade was a 6.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 39,791 shares of company stock valued at $2,231,653. 37.93% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DLB. Edgestream Partners L.P. raised its position in Dolby Laboratories by 232.8% during the first quarter. Edgestream Partners L.P. now owns 22,376 shares of the electronics maker’s stock valued at $1,344,000 after acquiring an additional 15,652 shares in the last quarter. Amundi purchased a new position in Dolby Laboratories during the first quarter valued at approximately $280,000. California State Teachers Retirement System raised its position in Dolby Laboratories by 24.5% during the first quarter. California State Teachers Retirement System now owns 72,518 shares of the electronics maker’s stock valued at $4,355,000 after acquiring an additional 14,270 shares in the last quarter. Quantinno Capital Management LP raised its position in Dolby Laboratories by 23.0% during the first quarter. Quantinno Capital Management LP now owns 58,316 shares of the electronics maker’s stock valued at $3,503,000 after acquiring an additional 10,887 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in Dolby Laboratories during the first quarter valued at approximately $1,674,000. 58.56% of the stock is currently owned by hedge funds and other institutional investors.

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.