Dolby Laboratories, Inc. (NYSE:DLB) Shares Acquired by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lifted its position in Dolby Laboratories, Inc. (NYSE:DLB) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,799 shares of the electronics maker’s stock after acquiring an additional 161 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Dolby Laboratories were worth $758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its stake in shares of Dolby Laboratories by 2.5% during the 3rd quarter. SG Americas Securities LLC now owns 22,852 shares of the electronics maker’s stock worth $1,811,000 after buying an additional 560 shares during the period. State of Alaska Department of Revenue grew its position in shares of Dolby Laboratories by 140.7% in the third quarter. State of Alaska Department of Revenue now owns 12,112 shares of the electronics maker’s stock valued at $959,000 after purchasing an additional 7,080 shares during the period. Exchange Traded Concepts LLC increased its stake in Dolby Laboratories by 53.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,725 shares of the electronics maker’s stock worth $216,000 after buying an additional 952 shares in the last quarter. Oak Thistle LLC raised its holdings in shares of Dolby Laboratories by 31.4% during the third quarter. Oak Thistle LLC now owns 12,698 shares of the electronics maker’s stock valued at $1,006,000 after acquiring an additional 3,032 shares during the last quarter. Finally, Simplicity Solutions LLC lifted its position in shares of Dolby Laboratories by 9.5% in the third quarter. Simplicity Solutions LLC now owns 9,310 shares of the electronics maker’s stock valued at $738,000 after acquiring an additional 807 shares in the last quarter. 58.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on DLB. StockNews.com raised Dolby Laboratories from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Rosenblatt Securities reissued a “buy” rating and issued a $98.00 price target on shares of Dolby Laboratories in a research note on Wednesday, January 31st.

Dolby Laboratories Trading Up 0.4 %

Shares of DLB opened at $79.91 on Friday. The firm has a 50-day moving average price of $81.58 and a 200 day moving average price of $83.33. Dolby Laboratories, Inc. has a 12-month low of $75.87 and a 12-month high of $91.01. The firm has a market capitalization of $7.64 billion, a P/E ratio of 41.40 and a beta of 0.97.

Dolby Laboratories (NYSE:DLB) last announced its earnings results on Thursday, February 1st. The electronics maker reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.14. The company had revenue of $315.57 million during the quarter, compared to analyst estimates of $310.98 million. Dolby Laboratories had a net margin of 14.70% and a return on equity of 10.21%. Equities research analysts predict that Dolby Laboratories, Inc. will post 2.6 earnings per share for the current fiscal year.

Dolby Laboratories Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Tuesday, February 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Monday, February 12th. Dolby Laboratories’s payout ratio is 62.18%.

Insider Activity at Dolby Laboratories

In other news, SVP John D. Couling sold 33,560 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $80.81, for a total value of $2,711,983.60. Following the completion of the transaction, the senior vice president now owns 108,519 shares of the company’s stock, valued at $8,769,420.39. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 39.54% of the stock is currently owned by company insiders.

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.