Dolby Laboratories (NYSE:DLB) Reaches New 52-Week Low Following Analyst Downgrade

Dolby Laboratories (NYSE:DLB)’s stock price reached a new 52-week low during trading on Tuesday after Barrington Research lowered their price target on the stock from $95.00 to $90.00. Barrington Research currently has an outperform rating on the stock. Dolby Laboratories traded as low as $60.93 and last traded at $60.8550, with a volume of 40340 shares traded. The stock had previously closed at $62.12.

Several other analysts also recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dolby Laboratories in a research note on Monday, December 29th. Wall Street Zen raised Dolby Laboratories from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Finally, Rosenblatt Securities restated a “buy” rating and set a $85.00 target price on shares of Dolby Laboratories in a research report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.75.

Insider Transactions at Dolby Laboratories

In other news, SVP Shriram Revankar sold 3,000 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $65.55, for a total value of $196,650.00. Following the completion of the transaction, the senior vice president owned 67,435 shares of the company’s stock, valued at $4,420,364.25. The trade was a 4.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark Andrew Sherman sold 2,491 shares of Dolby Laboratories stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $67.26, for a total transaction of $167,544.66. Following the completion of the sale, the executive vice president owned 70,563 shares in the company, valued at approximately $4,746,067.38. This trade represents a 3.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 137,120 shares of company stock worth $9,184,809. 37.93% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dolby Laboratories

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Dolby Laboratories by 2.7% during the third quarter. Vanguard Group Inc. now owns 7,756,924 shares of the electronics maker’s stock worth $561,369,000 after purchasing an additional 203,411 shares in the last quarter. State Street Corp boosted its position in shares of Dolby Laboratories by 8.7% in the 2nd quarter. State Street Corp now owns 2,261,059 shares of the electronics maker’s stock worth $167,906,000 after buying an additional 180,072 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Dolby Laboratories by 51.8% in the second quarter. AQR Capital Management LLC now owns 1,736,260 shares of the electronics maker’s stock valued at $128,935,000 after purchasing an additional 592,282 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Dolby Laboratories by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,556,571 shares of the electronics maker’s stock valued at $116,159,000 after purchasing an additional 30,057 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Dolby Laboratories by 22.7% during the 3rd quarter. First Trust Advisors LP now owns 1,518,657 shares of the electronics maker’s stock worth $109,905,000 after purchasing an additional 281,214 shares during the period. 58.56% of the stock is owned by hedge funds and other institutional investors.

Dolby Laboratories Trading Down 1.2%

The company has a market cap of $5.86 billion, a price-to-earnings ratio of 23.33 and a beta of 0.88. The stock’s 50 day moving average price is $65.27 and its 200 day moving average price is $69.05.

Dolby Laboratories (NYSE:DLB) last issued its earnings results on Tuesday, November 18th. The electronics maker reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.29. Dolby Laboratories had a return on equity of 11.99% and a net margin of 18.90%.The firm had revenue of $307.02 million for the quarter, compared to analysts’ expectations of $305.76 million. During the same quarter last year, the firm earned $0.61 earnings per share. The firm’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 and its Q1 2026 guidance at 0.790-0.940 EPS. On average, equities analysts expect that Dolby Laboratories will post 2.94 earnings per share for the current fiscal year.

Dolby Laboratories Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, December 2nd were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.3%. This is a positive change from Dolby Laboratories’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Tuesday, December 2nd. Dolby Laboratories’s dividend payout ratio is 54.75%.

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.