Dolby Laboratories (NYSE:DLB) CMO Todd Pendleton Sells 11,876 Shares

Dolby Laboratories (NYSE:DLB) CMO Todd Pendleton sold 11,876 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $54.55, for a total value of $647,835.80. Following the completion of the sale, the chief marketing officer owned 41,480 shares of the company’s stock, valued at $2,262,734. This represents a 22.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Dolby Laboratories Stock Down 1.6%

NYSE DLB traded down $0.88 on Wednesday, reaching $55.67. The company had a trading volume of 636,648 shares, compared to its average volume of 769,917. The stock’s 50 day moving average is $59.79 and its 200-day moving average is $63.20. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 22.00 and a beta of 0.86. Dolby Laboratories has a 52 week low of $52.45 and a 52 week high of $77.00.

Dolby Laboratories (NYSE:DLB) last released its quarterly earnings data on Thursday, April 30th. The electronics maker reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.06. The business 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 firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. As a group, analysts forecast that Dolby Laboratories will post 3.22 EPS for the current year.

Dolby Laboratories Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Tuesday, May 12th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.6%. Dolby Laboratories’s dividend payout ratio (DPR) is currently 56.92%.

More Dolby Laboratories News

Here are the key news stories impacting Dolby Laboratories this week:

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate for Dolby Laboratories to $3.16 from $3.01, signaling better near-term earnings expectations.
• Positive Sentiment: The firm also lifted FY2027 EPS estimates to $3.22 from $3.02 and FY2028 EPS to $3.40 from $3.19, pointing to improving long-term earnings power.
• Positive Sentiment: Several quarterly forecasts were increased as well, including Q4 2026, Q1 2027, Q2 2027, Q4 2027, Q1 2028, and Q2 2028, reinforcing the view that earnings trends are improving.
• Neutral Sentiment: Even after the analyst updates, the broader market consensus for current-year earnings remains at $3.22 per share, so the changes are incremental rather than a major fundamental surprise.
• Negative Sentiment: One offsetting note was a cut to Q3 2026 EPS estimates to $0.39 from $0.65, which suggests some near-term softness before the later-year outlook improves.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DLB. Wall Street Zen lowered Dolby Laboratories from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price target on shares of Dolby Laboratories in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dolby Laboratories in a research report on Friday, March 27th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $90.00 price target on shares of Dolby Laboratories in a research report on Monday, April 27th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Dolby Laboratories currently has an average rating of “Moderate Buy” and a consensus price target of $90.75.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Hantz Financial Services Inc. grew its holdings in shares of Dolby Laboratories by 166.7% during the third quarter. Hantz Financial Services Inc. now owns 352 shares of the electronics maker’s stock worth $25,000 after buying an additional 220 shares in the last quarter. Rothschild Investment LLC grew its holdings in shares of Dolby Laboratories by 4,046.7% during the third quarter. Rothschild Investment LLC now owns 622 shares of the electronics maker’s stock worth $45,000 after buying an additional 607 shares in the last quarter. Optiver Holding B.V. grew its holdings in shares of Dolby Laboratories by 7,955.6% during the third quarter. Optiver Holding B.V. now owns 725 shares of the electronics maker’s stock worth $52,000 after buying an additional 716 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Dolby Laboratories by 34.7% during the fourth quarter. Fifth Third Bancorp now owns 746 shares of the electronics maker’s stock worth $48,000 after buying an additional 192 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new position in shares of Dolby Laboratories during the third quarter worth about $56,000. 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.