Dolby Laboratories Inc. (NYSE:DLB)’s share price reached a new 52-week high on Monday . The stock traded as high as $50.03 and last traded at $49.98, with a volume of 277,038 shares trading hands. The stock had previously closed at $49.62.

Several research firms have recently weighed in on DLB. B. Riley reissued a “neutral” rating and set a $46.00 price target on shares of Dolby Laboratories in a report on Monday. Piper Jaffray Cos. reissued a “neutral” rating and set a $43.00 price target on shares of Dolby Laboratories in a report on Sunday, May 1st. Zacks Investment Research raised Dolby Laboratories from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Friday, April 29th. JPMorgan Chase & Co. cut Dolby Laboratories from an “overweight” rating to a “neutral” rating and set a $42.00 price target on the stock. in a report on Friday, April 8th. They noted that the move was a valuation call. Finally, Dougherty & Co reissued a “buy” rating and set a $46.00 price target (up from $38.00) on shares of Dolby Laboratories in a report on Monday, April 25th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $46.00.

The company has a 50 day moving average of $48.04 and a 200-day moving average of $42.33. The company has a market capitalization of $5.13 billion and a PE ratio of 28.26.

Dolby Laboratories (NYSE:DLB) last released its quarterly earnings results on Wednesday, April 27th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.36. The firm earned $274.30 million during the quarter, compared to analysts’ expectations of $263.97 million. During the same period in the prior year, the firm posted $0.72 earnings per share. Dolby Laboratories’s revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts anticipate that Dolby Laboratories Inc. will post $1.77 earnings per share for the current fiscal year.

In other news, major shareholder Dagmar Dolby sold 100,000 shares of the business’s stock in a transaction on Friday, April 29th. The shares were sold at an average price of $46.30, for a total transaction of $4,630,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Michael Bergeron sold 50,000 shares of the business’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $45.02, for a total transaction of $2,251,000.00. Following the sale, the senior vice president now directly owns 67,162 shares in the company, valued at $3,023,633.24. The disclosure for this sale can be found here.

Other large investors recently made changes to their positions in the company. Nationwide Fund Advisors raised its stake in shares of Dolby Laboratories by 91.6% in the fourth quarter. Nationwide Fund Advisors now owns 32,062 shares of the company’s stock worth $1,079,000 after buying an additional 15,327 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of Dolby Laboratories during the fourth quarter worth $1,420,000. Bank of Montreal Can raised its stake in shares of Dolby Laboratories by 6.4% in the fourth quarter. Bank of Montreal Can now owns 45,609 shares of the company’s stock worth $1,534,000 after buying an additional 2,747 shares during the period. California State Teachers Retirement System raised its stake in shares of Dolby Laboratories by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 95,220 shares of the company’s stock worth $3,204,000 after buying an additional 1,460 shares during the period. Finally, Boston Partners raised its stake in shares of Dolby Laboratories by 35.5% in the fourth quarter. Boston Partners now owns 118,902 shares of the company’s stock worth $4,001,000 after buying an additional 31,167 shares during the period.

Dolby Laboratories, Inc creates audio, imaging and communication technologies that transform entertainment and communications at the cinema, home, work and on mobile devices. The Company offers digital signal processing and compression technologies. Its technologies enable the development of the audio technologies for the cinema, home entertainment, mobile and gaming experiences.

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