Share on StockTwits

Dolby Laboratories (NYSE:DLB) SVP Michael Bergeron unloaded 1,347 shares of Dolby Laboratories stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $45.67, for a total value of $61,517.49. Following the completion of the sale, the senior vice president now directly owns 54,833 shares in the company, valued at approximately $2,504,223. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Dolby Laboratories (NYSE:DLB) opened at 45.63 on Monday. Dolby Laboratories has a 52 week low of $31.19 and a 52 week high of $45.97. The stock’s 50-day moving average is $43.98 and its 200-day moving average is $42.55. The company has a market cap of $4.660 billion and a P/E ratio of 22.80.

Dolby Laboratories (NYSE:DLB) last released its earnings data on Thursday, July 24th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.11. The company had revenue of $223.40 million for the quarter, compared to the consensus estimate of $210.23 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts expect that Dolby Laboratories will post $1.86 EPS for the current fiscal year.

DLB has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Dolby Laboratories from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $48.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Dolby Laboratories in a research note on Friday, July 25th. They now have a $43.00 price target on the stock, up previously from $38.00. Finally, analysts at B. Riley initiated coverage on shares of Dolby Laboratories in a research note on Tuesday, July 1st. They set a “neutral” rating and a $41.00 price target on the stock.

Dolby Laboratories, Inc designs and manufactures video and audio products for the film production, cinema, and television broadcast industries.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.