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

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

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

Dolby Laboratories Stock Down 0.3%

Shares of Dolby Laboratories stock opened at $61.15 on Monday. Dolby Laboratories has a twelve month low of $60.56 and a twelve month high of $89.66. The business has a 50-day moving average price of $65.20 and a 200-day moving average price of $69.00. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 23.25 and a beta of 0.88.

Dolby Laboratories (NYSE:DLB) last posted its earnings results on Tuesday, November 18th. The electronics maker reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.29. The company had revenue of $307.02 million for the quarter, compared to the consensus estimate of $305.76 million. Dolby Laboratories had a return on equity of 11.99% and a net margin of 18.90%.The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 earnings per share. 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 EPS 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 paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This is a positive change from Dolby Laboratories’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 2.4%. Dolby Laboratories’s payout ratio is presently 54.75%.

Insider Activity

In related news, CEO Kevin J. Yeaman sold 36,699 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $66.91, for a total transaction of $2,455,530.09. Following the transaction, the chief executive officer directly owned 114,725 shares in the company, valued at approximately $7,676,249.75. This represents a 24.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark Andrew Sherman sold 9,109 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $66.73, for a total transaction of $607,843.57. Following the completion of the sale, the executive vice president directly owned 73,054 shares in the company, valued at $4,874,893.42. This trade represents a 11.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 137,120 shares of company stock worth $9,184,809. 37.93% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Norges Bank purchased a new position in Dolby Laboratories during the 2nd quarter valued at $55,030,000. AQR Capital Management LLC lifted its position in shares of Dolby Laboratories by 51.8% during the second quarter. AQR Capital Management LLC now owns 1,736,260 shares of the electronics maker’s stock worth $128,935,000 after purchasing an additional 592,282 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Dolby Laboratories by 35.2% during the second quarter. First Trust Advisors LP now owns 1,237,443 shares of the electronics maker’s stock worth $91,893,000 after purchasing an additional 322,063 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Dolby Laboratories by 98.2% during the third quarter. Pacer Advisors Inc. now owns 443,897 shares of the electronics maker’s stock valued at $32,125,000 after purchasing an additional 219,901 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Dolby Laboratories by 2.7% in 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 during the last quarter. Institutional investors own 58.56% of the company’s stock.

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.