Louisiana State Employees Retirement System Makes New Investment in Dolby Laboratories $DLB

Louisiana State Employees Retirement System purchased a new position in Dolby Laboratories (NYSE:DLB) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,700 shares of the electronics maker’s stock, valued at approximately $1,063,000.

Other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas lifted its stake in shares of Dolby Laboratories by 19.1% in the 4th quarter. Teacher Retirement System of Texas now owns 115,772 shares of the electronics maker’s stock valued at $7,435,000 after purchasing an additional 18,579 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Dolby Laboratories by 81.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 312,028 shares of the electronics maker’s stock valued at $22,582,000 after purchasing an additional 139,900 shares in the last quarter. Paragon Capital Management Inc. acquired a new stake in Dolby Laboratories during the first quarter worth approximately $1,306,000. Clifford Capital Partners LLC grew its stake in Dolby Laboratories by 15.2% during the third quarter. Clifford Capital Partners LLC now owns 304,311 shares of the electronics maker’s stock worth $22,023,000 after purchasing an additional 40,252 shares during the period. Finally, Norges Bank bought a new stake in Dolby Laboratories in the fourth quarter worth approximately $54,966,000. 58.56% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Shriram Revankar sold 3,000 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $54.90, for a total transaction of $164,700.00. Following the completion of the sale, the senior vice president owned 80,603 shares in the company, valued at approximately $4,425,104.70. This represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP John D. Couling sold 7,666 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $55.62, for a total value of $426,382.92. Following the transaction, the senior vice president owned 118,727 shares in the company, valued at approximately $6,603,595.74. This trade represents a 6.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 39,791 shares of company stock worth $2,231,653 in the last ninety days. Corporate insiders own 37.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Wall Street Zen raised Dolby Laboratories from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price objective on shares of Dolby Laboratories in a research note on Thursday, June 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dolby Laboratories in a research note on Wednesday, June 24th. Finally, Barrington Research reiterated an “outperform” rating and set a $90.00 target price on shares of Dolby Laboratories in a research report on Monday, June 15th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Dolby Laboratories has a consensus rating of “Moderate Buy” and a consensus target price of $90.75.

Dolby Laboratories Price Performance

NYSE:DLB opened at $51.15 on Friday. Dolby Laboratories has a one year low of $50.60 and a one year high of $77.00. The company has a market cap of $4.84 billion, a PE ratio of 20.22 and a beta of 0.81. The firm has a 50-day moving average of $55.29 and a 200-day moving average of $60.65.

Dolby Laboratories (NYSE:DLB) last announced its quarterly earnings results on Thursday, April 30th. The electronics maker reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.06. The business had revenue of $395.63 million for the quarter, compared to analysts’ expectations of $385.80 million. Dolby Laboratories had a net margin of 17.85% and a return on equity of 11.47%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.34 EPS. 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. On average, equities research analysts expect that Dolby Laboratories will post 3.21 earnings per share for the current fiscal year.

Dolby Laboratories Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors 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 annualized dividend and a dividend yield of 2.8%. Dolby Laboratories’s payout ratio is presently 56.92%.

Dolby Laboratories Profile

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.