Dolby Laboratories $DLB Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its stake in shares of Dolby Laboratories (NYSE:DLB) by 93.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,860 shares of the electronics maker’s stock after acquiring an additional 20,272 shares during the period. American Century Companies Inc.’s holdings in Dolby Laboratories were worth $3,362,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Palogic Value Management L.P. raised its stake in shares of Dolby Laboratories by 6.4% during the fourth quarter. Palogic Value Management L.P. now owns 3,888 shares of the electronics maker’s stock worth $304,000 after purchasing an additional 235 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in Dolby Laboratories by 10.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 3,448 shares of the electronics maker’s stock valued at $269,000 after buying an additional 334 shares during the period. Voya Investment Management LLC raised its position in Dolby Laboratories by 157.3% during the 4th quarter. Voya Investment Management LLC now owns 20,539 shares of the electronics maker’s stock worth $1,604,000 after buying an additional 12,558 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Dolby Laboratories by 5.6% in the 4th quarter. Northern Trust Corp now owns 582,004 shares of the electronics maker’s stock worth $45,455,000 after acquiring an additional 30,826 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its stake in shares of Dolby Laboratories by 98.5% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 12,300 shares of the electronics maker’s stock worth $961,000 after acquiring an additional 6,102 shares during the period. 58.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Dolby Laboratories news, CEO Kevin J. Yeaman sold 25,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $72.31, for a total value of $1,807,750.00. Following the sale, the chief executive officer owned 114,725 shares of the company’s stock, valued at $8,295,764.75. This represents a 17.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Shriram Revankar sold 7,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $74.92, for a total transaction of $524,440.00. Following the completion of the sale, the senior vice president owned 70,435 shares in the company, valued at $5,276,990.20. This represents a 9.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 148,049 shares of company stock worth $11,045,581 in the last three months. Corporate insiders own 38.39% of the company’s stock.

Dolby Laboratories Trading Down 0.6%

Shares of Dolby Laboratories stock opened at $71.68 on Friday. The company has a 50-day moving average of $74.24 and a two-hundred day moving average of $76.22. Dolby Laboratories has a 12-month low of $68.24 and a 12-month high of $89.66. The stock has a market cap of $6.87 billion, a PE ratio of 26.26 and a beta of 0.91.

Dolby Laboratories (NYSE:DLB) last released its quarterly earnings results on Thursday, July 31st. The electronics maker reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. Dolby Laboratories had a return on equity of 11.52% and a net margin of 19.62%.The business had revenue of $315.55 million for the quarter, compared to analysts’ expectations of $305.23 million. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. Dolby Laboratories has set its FY 2025 guidance at 3.880-4.030 EPS. Q4 2025 guidance at 0.610-0.760 EPS. On average, sell-side analysts forecast that Dolby Laboratories will post 2.94 EPS for the current fiscal year.

Dolby Laboratories Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, August 12th. Dolby Laboratories’s payout ratio is 48.35%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DLB shares. Wall Street Zen raised shares of Dolby Laboratories from a “hold” rating to a “buy” rating in a report on Saturday. Rosenblatt Securities reiterated a “buy” rating and set a $95.00 target price on shares of Dolby Laboratories in a research report on Friday, August 1st. Finally, Tigress Financial raised their price target on Dolby Laboratories from $112.00 to $114.00 and gave the company a “buy” rating in a report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $103.00.

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.