Dolby Laboratories $DLB Holdings Lifted by Edgestream Partners L.P.

Edgestream Partners L.P. boosted its holdings in shares of Dolby Laboratories (NYSE:DLB) by 232.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 22,376 shares of the electronics maker’s stock after buying an additional 15,652 shares during the period. Edgestream Partners L.P.’s holdings in Dolby Laboratories were worth $1,344,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Amundi acquired a new stake in Dolby Laboratories during the 1st quarter worth about $280,000. California State Teachers Retirement System increased its holdings in shares of Dolby Laboratories by 24.5% in the 1st quarter. California State Teachers Retirement System now owns 72,518 shares of the electronics maker’s stock valued at $4,355,000 after purchasing an additional 14,270 shares during the period. Quantinno Capital Management LP lifted its position in shares of Dolby Laboratories by 23.0% in the first quarter. Quantinno Capital Management LP now owns 58,316 shares of the electronics maker’s stock worth $3,503,000 after purchasing an additional 10,887 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Dolby Laboratories in the first quarter worth approximately $1,674,000. Finally, Hilltop Holdings Inc. acquired a new stake in shares of Dolby Laboratories during the first quarter worth approximately $908,000. 58.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Robert J. Park sold 4,895 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $56.68, for a total transaction of $277,448.60. Following the completion of the sale, the chief financial officer directly owned 81,490 shares of the company’s stock, valued at approximately $4,618,853.20. This represents a 5.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Todd Pendleton sold 11,876 shares of the firm’s stock in a transaction 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 in the company, valued at $2,262,734. The trade was a 22.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 35,104 shares of company stock valued at $1,924,252 in the last quarter. 37.93% of the stock is currently owned by corporate insiders.

Dolby Laboratories Stock Performance

Shares of NYSE DLB opened at $59.70 on Tuesday. The business’s 50-day simple moving average is $52.39 and its 200-day simple moving average is $58.51. Dolby Laboratories has a 52 week low of $48.26 and a 52 week high of $75.66. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 25.40 and a beta of 0.80.

Dolby Laboratories (NYSE:DLB) last posted 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. The firm had revenue of $305.00 million during the quarter, compared to analyst estimates of $311.96 million. Dolby Laboratories had a return on equity of 11.08% and a net margin of 16.70%.The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 EPS. 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, equities research analysts forecast that Dolby Laboratories will post 3.21 earnings per share for the current year.

Dolby Laboratories declared that its board has authorized a stock repurchase program on Thursday, July 30th that allows the company to buyback $350.00 million in shares. This buyback authorization allows the electronics maker to reacquire up to 7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Dolby Laboratories Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Tuesday, August 11th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, August 11th. Dolby Laboratories’s payout ratio is presently 61.28%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Wall Street Zen lowered shares of Dolby Laboratories from a “buy” rating to a “hold” rating in a research note on Saturday. Barrington Research reissued an “outperform” rating and set a $90.00 target price on shares of Dolby Laboratories in a research note on Monday, June 15th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price target on shares of Dolby Laboratories in a research note on Friday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dolby Laboratories in a research note on Wednesday, June 24th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Dolby Laboratories has a consensus rating of “Moderate Buy” and a consensus price target of $90.75.

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.