Dolby Laboratories (NYSE:DLB) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Dolby Laboratories (NYSE:DLB)’s stock price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $57.64 and traded as high as $59.66. Dolby Laboratories shares last traded at $59.0490, with a volume of 792,128 shares.

Analyst Ratings Changes

A number of research analysts recently issued reports on DLB shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 target price on shares of Dolby Laboratories in a report on Friday, August 28th. Barrington Research reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Dolby Laboratories in a research note on Monday, June 15th. Wall Street Zen cut shares of Dolby Laboratories from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Weiss Ratings raised Dolby Laboratories from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, September 9th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Dolby Laboratories presently has an average rating of “Moderate Buy” and an average price target of $87.50.

Dolby Laboratories Trading Down 0.3%

The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 25.06 and a beta of 0.78. The company has a fifty day simple moving average of $60.36 and a 200-day simple moving average of $57.65.

Dolby Laboratories (NYSE:DLB) last released its earnings results on Thursday, July 30th. The electronics maker reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.02. Dolby Laboratories had a net margin of 16.70% and a return on equity of 11.08%. The business had revenue of $305.00 million for the quarter, compared to the consensus estimate of $311.96 million. During the same period last year, the firm posted $0.78 earnings per share. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. Dolby Laboratories has set its FY 2026 guidance at 4.250-4.400 EPS and its Q4 2026 guidance at 1.130-1.280 EPS. As a group, analysts anticipate that Dolby Laboratories will post 3.23 earnings per share for the current year.

Dolby Laboratories Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Tuesday, August 11th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, August 11th. Dolby Laboratories’s dividend payout ratio is currently 61.28%.

Dolby Laboratories announced that its Board of Directors has approved a share buyback program on Thursday, July 30th that allows the company to buyback $350.00 million in shares. This buyback authorization allows the electronics maker to purchase up to 7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Dolby Laboratories

In related news, SVP Shriram Revankar sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $62.71, for a total transaction of $188,130.00. Following the completion of the sale, the senior vice president directly owned 73,274 shares in the company, valued at approximately $4,595,012.54. This trade represents a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Ryan Nicholson sold 1,183 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $65.28, for a total transaction of $77,226.24. Following the completion of the transaction, the chief accounting officer owned 34,453 shares in the company, valued at approximately $2,249,091.84. This represents a 3.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 21,222 shares of company stock valued at $1,298,721 over the last three months. 37.93% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. State of Michigan Retirement System raised its holdings in Dolby Laboratories by 1.4% during the first quarter. State of Michigan Retirement System now owns 14,700 shares of the electronics maker’s stock valued at $883,000 after buying an additional 200 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Dolby Laboratories by 2.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 12,524 shares of the electronics maker’s stock valued at $752,000 after purchasing an additional 300 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Dolby Laboratories by 5.0% during the fourth quarter. Hsbc Holdings PLC now owns 6,301 shares of the electronics maker’s stock valued at $406,000 after purchasing an additional 301 shares during the last quarter. CX Institutional raised its position in shares of Dolby Laboratories by 2.7% in the third quarter. CX Institutional now owns 13,074 shares of the electronics maker’s stock valued at $768,000 after purchasing an additional 347 shares during the period. Finally, Mitchell & Pahl Private Wealth LLC lifted its stake in shares of Dolby Laboratories by 2.9% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 16,114 shares of the electronics maker’s stock worth $968,000 after buying an additional 459 shares during the last quarter. Hedge funds and other institutional investors own 58.56% of the company’s stock.

Dolby Laboratories Company Profile

Dolby Laboratories, Inc develops audio and imaging technologies for entertainment and communications. The company’s products and intellectual property are used in cinemas, televisions, mobile devices, personal computers, streaming platforms, gaming systems and automobiles to improve sound quality, picture quality and overall viewing experiences.

Dolby’s technology portfolio includes Dolby Atmos immersive audio, Dolby Vision high-dynamic-range imaging, and Dolby Digital and Dolby AC-4 audio formats.