Dolby Laboratories (NYSE:DLB) Hits New 12-Month Low – Here’s What Happened

Dolby Laboratories (NYSE:DLB) hit a new 52-week low during trading on Wednesday . The stock traded as low as $51.53 and last traded at $52.06, with a volume of 328666 shares. The stock had previously closed at $52.84.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Barrington Research restated an “outperform” rating and issued a $90.00 price target on shares of Dolby Laboratories in a research note on Monday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dolby Laboratories in a research report on Friday, March 27th. Wall Street Zen raised shares of Dolby Laboratories from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price objective on shares of Dolby Laboratories in a research note on Thursday, June 11th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Dolby Laboratories has a consensus rating of “Moderate Buy” and an average price target of $90.75.

Dolby Laboratories Stock Performance

The business has a fifty day simple moving average of $57.65 and a 200-day simple moving average of $61.76. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 20.68 and a beta of 0.81.

Dolby Laboratories (NYSE:DLB) last posted its earnings results on Thursday, April 30th. The electronics maker reported $1.37 EPS for the quarter, beating the consensus estimate of $1.31 by $0.06. The firm had revenue of $395.63 million during the quarter, compared to the consensus estimate of $385.80 million. Dolby Laboratories had a return on equity of 11.47% and a net margin of 17.85%.The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company earned $1.34 earnings per share. Dolby Laboratories has set its FY 2026 guidance at 4.300-4.450 EPS and its Q3 2026 guidance at 0.560-0.710 EPS. On average, equities analysts anticipate that Dolby Laboratories will post 3.21 earnings per share for the current year.

Dolby Laboratories Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Tuesday, May 12th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, May 12th. This represents a $1.44 annualized dividend and a yield of 2.8%. Dolby Laboratories’s dividend payout ratio (DPR) is currently 56.92%.

Insider Buying and Selling at Dolby Laboratories

In other Dolby Laboratories news, SVP Shriram Revankar sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $54.90, for a total transaction of $164,700.00. Following the sale, the senior vice president directly owned 80,603 shares of the company’s stock, valued at $4,425,104.70. The trade was a 3.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Todd Pendleton sold 11,876 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $54.55, for a total transaction of $647,835.80. Following the completion of the transaction, the chief marketing officer owned 41,480 shares of the company’s stock, valued at approximately $2,262,734. This trade represents a 22.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 39,791 shares of company stock valued at $2,231,653 in the last quarter. 37.93% of the stock is currently owned by corporate insiders.

Institutional Trading of Dolby Laboratories

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. lifted its holdings in Dolby Laboratories by 8.0% during the 1st quarter. Pacer Advisors Inc. now owns 516,292 shares of the electronics maker’s stock worth $31,008,000 after buying an additional 38,389 shares during the period. Edgestream Partners L.P. increased its stake in shares of Dolby Laboratories by 232.8% in the first quarter. Edgestream Partners L.P. now owns 22,376 shares of the electronics maker’s stock valued at $1,344,000 after buying an additional 15,652 shares during the period. Amundi acquired a new stake in shares of Dolby Laboratories in the first quarter valued at about $280,000. California State Teachers Retirement System raised its position in shares of Dolby Laboratories by 24.5% during the first quarter. California State Teachers Retirement System now owns 72,518 shares of the electronics maker’s stock worth $4,355,000 after acquiring an additional 14,270 shares during the last quarter. Finally, Quantinno Capital Management LP raised its position in shares of Dolby Laboratories by 23.0% during the first quarter. Quantinno Capital Management LP now owns 58,316 shares of the electronics maker’s stock worth $3,503,000 after acquiring an additional 10,887 shares during the last quarter. 58.56% of the stock is currently owned by institutional investors and hedge funds.

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.