Dolby Laboratories (NYSE:DLB) Price Target Lowered to $90.00 at Barrington Research

Dolby Laboratories (NYSE:DLB) had its target price reduced by Barrington Research from $95.00 to $90.00 in a report issued on Monday morning,Benzinga reports. They currently have an outperform rating on the electronics maker’s stock.

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

Dolby Laboratories Stock Performance

NYSE:DLB opened at $62.10 on Monday. The company has a 50-day moving average of $65.35 and a 200-day moving average of $69.15. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 23.61 and a beta of 0.88. Dolby Laboratories has a 52 week low of $61.33 and a 52 week high of $89.66.

Dolby Laboratories (NYSE:DLB) last posted 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 net margin of 18.90% and a return on equity of 11.99%. The business had revenue of $307.02 million for the quarter, compared to analysts’ expectations of $305.76 million. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. 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 forecast that Dolby Laboratories will post 2.94 EPS for the current year.

Dolby Laboratories Increases Dividend

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

Insider Activity at Dolby Laboratories

In other news, CEO Kevin J. Yeaman sold 6,751 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $67.24, for a total transaction of $453,937.24. Following the sale, the chief executive officer directly owned 98,377 shares of the company’s stock, valued at $6,614,869.48. This represents a 6.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Shriram Revankar sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $65.55, for a total transaction of $196,650.00. Following the completion of the sale, the senior vice president directly owned 67,435 shares of the company’s stock, valued at approximately $4,420,364.25. This represents a 4.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 137,120 shares of company stock worth $9,184,809 in the last quarter. Insiders own 37.93% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Boothbay Fund Management LLC raised its position in shares of Dolby Laboratories by 4.1% during the second quarter. Boothbay Fund Management LLC now owns 4,020 shares of the electronics maker’s stock worth $299,000 after acquiring an additional 157 shares during the last quarter. Mitchell & Pahl Private Wealth LLC increased its position in Dolby Laboratories by 1.1% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 15,733 shares of the electronics maker’s stock worth $1,139,000 after purchasing an additional 170 shares during the period. Equitable Trust Co. raised its holdings in Dolby Laboratories by 3.3% during the 2nd quarter. Equitable Trust Co. now owns 5,567 shares of the electronics maker’s stock worth $413,000 after purchasing an additional 177 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Dolby Laboratories by 13.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,587 shares of the electronics maker’s stock valued at $118,000 after purchasing an additional 194 shares during the period. Finally, State of Michigan Retirement System boosted its stake in shares of Dolby Laboratories by 1.4% in the 2nd quarter. State of Michigan Retirement System now owns 14,800 shares of the electronics maker’s stock valued at $1,099,000 after purchasing an additional 200 shares during the last quarter. 58.56% of the stock is currently owned by 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.