Capital Fund Management S.A. Cuts Stock Position in Dolby Laboratories $DLB

Capital Fund Management S.A. cut its holdings in shares of Dolby Laboratories (NYSE:DLB) by 33.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 24,403 shares of the electronics maker’s stock after selling 11,993 shares during the quarter. Capital Fund Management S.A.’s holdings in Dolby Laboratories were worth $1,812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MAI Capital Management grew its position in Dolby Laboratories by 87.1% during the first quarter. MAI Capital Management now owns 348 shares of the electronics maker’s stock valued at $28,000 after buying an additional 162 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Dolby Laboratories during the 1st quarter valued at approximately $29,000. Allworth Financial LP increased its stake in shares of Dolby Laboratories by 590.4% during the 2nd quarter. Allworth Financial LP now owns 504 shares of the electronics maker’s stock worth $37,000 after purchasing an additional 431 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Dolby Laboratories in the 2nd quarter worth approximately $48,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Dolby Laboratories in the 2nd quarter worth approximately $50,000. 58.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wall Street Zen downgraded Dolby Laboratories from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Dolby Laboratories in a report on Monday. Baird R W raised shares of Dolby Laboratories to a “hold” rating in a report on Friday, September 5th. Robert W. Baird started coverage on shares of Dolby Laboratories in a research note on Friday, September 5th. They issued a “neutral” rating and a $74.00 target price for the company. Finally, Rosenblatt Securities dropped their price target on shares of Dolby Laboratories from $95.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Dolby Laboratories Trading Down 0.0%

Shares of Dolby Laboratories stock opened at $66.29 on Thursday. The company’s 50-day moving average price is $67.80 and its 200-day moving average price is $71.82. Dolby Laboratories has a 12-month low of $64.02 and a 12-month high of $89.66. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 25.20 and a beta of 0.89.

Dolby Laboratories (NYSE:DLB) last posted its earnings results on Tuesday, November 18th. The electronics maker reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.29. Dolby Laboratories had a net margin of 18.90% and a return on equity of 11.99%. The business had revenue of $307.02 million for the quarter, compared to analyst estimates of $305.76 million. During the same quarter in the prior year, the firm posted $0.61 EPS. Dolby Laboratories’s revenue was up .7% on a year-over-year basis. 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, sell-side analysts predict that Dolby Laboratories will post 2.94 earnings per share for the current year.

Dolby Laboratories Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, December 2nd will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from Dolby Laboratories’s previous quarterly dividend of $0.33. The ex-dividend date is Tuesday, December 2nd. Dolby Laboratories’s dividend payout ratio (DPR) is 54.75%.

Insiders Place Their Bets

In related news, SVP John D. Couling sold 6,164 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $66.12, for a total transaction of $407,563.68. Following the completion of the transaction, the senior vice president directly owned 115,338 shares in the company, valued at $7,626,148.56. The trade was a 5.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark Andrew Sherman sold 4,500 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $67.56, for a total value of $304,020.00. Following the completion of the transaction, the executive vice president owned 62,397 shares in the company, valued at $4,215,541.32. This represents a 6.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 100,363 shares of company stock worth $6,877,014 over the last three months. Corporate insiders own 38.39% of the company’s stock.

Dolby Laboratories Profile

Dolby Laboratories, Inc creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, a digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and various media devices.