Dolby Laboratories (NYSE:DLB) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Dolby Laboratories (NYSE:DLB) have received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $92.00.

A number of research analysts have issued reports on the stock. Barrington Research reduced their price objective on shares of Dolby Laboratories from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Wall Street Zen raised shares of Dolby Laboratories from a “hold” rating to a “buy” rating in a research note on Monday. Weiss Ratings reissued a “hold (c-)” rating on shares of Dolby Laboratories in a research note on Monday, December 29th. Finally, Rosenblatt Securities lowered their price objective on shares of Dolby Laboratories from $95.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, November 19th.

Dolby Laboratories Stock Performance

NYSE DLB opened at $63.62 on Friday. Dolby Laboratories has a fifty-two week low of $63.14 and a fifty-two week high of $89.66. The stock has a 50 day simple moving average of $65.99 and a two-hundred day simple moving average of $70.23. The stock has a market cap of $6.08 billion, a P/E ratio of 24.19 and a beta of 0.88.

Dolby Laboratories (NYSE:DLB) last posted its earnings results on Tuesday, November 18th. The electronics maker reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.29. The firm had revenue of $307.02 million for the quarter, compared to analysts’ expectations of $305.76 million. Dolby Laboratories had a return on equity of 11.99% and a net margin of 18.90%.The business’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 earnings per share. Dolby Laboratories has set its FY 2026 guidance at 4.190-4.340 EPS and its Q1 2026 guidance at 0.790-0.940 EPS. Sell-side analysts predict that Dolby Laboratories will post 2.94 earnings per share for the current year.

Dolby Laboratories Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, December 2nd were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, December 2nd. This is a boost from Dolby Laboratories’s previous quarterly dividend of $0.33. Dolby Laboratories’s dividend payout ratio (DPR) is 54.75%.

Insider Transactions at Dolby Laboratories

In related news, EVP Mark Andrew Sherman sold 2,491 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $67.26, for a total value of $167,544.66. Following the sale, the executive vice president directly owned 70,563 shares of the company’s stock, valued at $4,746,067.38. This represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin J. Yeaman sold 6,751 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $67.24, for a total value of $453,937.24. Following the completion of the transaction, the chief executive officer owned 98,377 shares of the company’s stock, valued at approximately $6,614,869.48. This trade represents a 6.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 162,120 shares of company stock valued at $10,906,559. Company insiders own 37.93% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DLB. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Dolby Laboratories by 7.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,777 shares of the electronics maker’s stock valued at $1,172,000 after purchasing an additional 1,146 shares during the period. Campbell & CO Investment Adviser LLC grew its position in Dolby Laboratories by 193.2% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 17,275 shares of the electronics maker’s stock worth $1,283,000 after purchasing an additional 11,384 shares during the period. Boston Trust Walden Corp grew its position in Dolby Laboratories by 2.1% in the 2nd quarter. Boston Trust Walden Corp now owns 1,098,218 shares of the electronics maker’s stock worth $81,554,000 after purchasing an additional 22,404 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in Dolby Laboratories during the 2nd quarter valued at $550,000. Finally, Clifford Capital Partners LLC raised its stake in Dolby Laboratories by 3.1% during the 2nd quarter. Clifford Capital Partners LLC now owns 264,059 shares of the electronics maker’s stock valued at $19,609,000 after buying an additional 7,871 shares during the last quarter. 58.56% of the stock is owned by hedge funds and other institutional investors.

About Dolby Laboratories

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.