Pacer Advisors Inc. Purchases 34,006 Shares of Dolby Laboratories $DLB

Pacer Advisors Inc. raised its holdings in shares of Dolby Laboratories (NYSE:DLB) by 7.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 477,903 shares of the electronics maker’s stock after acquiring an additional 34,006 shares during the quarter. Pacer Advisors Inc.’s holdings in Dolby Laboratories were worth $30,691,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DLB. Teacher Retirement System of Texas lifted its stake in shares of Dolby Laboratories by 19.1% during 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 buying an additional 18,579 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Dolby Laboratories by 81.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 312,028 shares of the electronics maker’s stock valued at $22,582,000 after buying an additional 139,900 shares in the last quarter. Clifford Capital Partners LLC raised its holdings in Dolby Laboratories by 15.2% during the 3rd quarter. Clifford Capital Partners LLC now owns 304,311 shares of the electronics maker’s stock valued at $22,023,000 after acquiring an additional 40,252 shares during the period. Vanguard Group Inc. raised its holdings in Dolby Laboratories by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 7,756,924 shares of the electronics maker’s stock valued at $561,369,000 after acquiring an additional 203,411 shares during the period. Finally, Snyder Capital Management L P lifted its position in shares of Dolby Laboratories by 11.4% during the third quarter. Snyder Capital Management L P now owns 1,147,350 shares of the electronics maker’s stock worth $83,034,000 after acquiring an additional 117,229 shares in the last quarter. Institutional investors own 58.56% of the company’s stock.

Insider Transactions at Dolby Laboratories

In other news, SVP Shriram Revankar sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $54.90, for a total transaction of $164,700.00. Following the transaction, the senior vice president directly owned 80,603 shares of the company’s stock, valued at approximately $4,425,104.70. This trade represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert J. Park sold 4,895 shares of Dolby Laboratories stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $56.68, for a total value of $277,448.60. Following the completion of the transaction, the chief financial officer directly owned 81,490 shares in the company, valued at $4,618,853.20. This trade represents a 5.67% 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 three months. Corporate insiders own 37.93% of the company’s stock.

Dolby Laboratories Trading Down 0.0%

Shares of NYSE DLB opened at $52.33 on Friday. Dolby Laboratories has a 12 month low of $50.73 and a 12 month high of $77.00. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 20.68 and a beta of 0.81. The business has a 50-day moving average of $57.47 and a 200-day moving average of $61.69.

Dolby Laboratories (NYSE:DLB) last posted its quarterly earnings data on Thursday, April 30th. The electronics maker reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.06. Dolby Laboratories had a net margin of 17.85% and a return on equity of 11.47%. The company had revenue of $395.63 million for the quarter, compared to analysts’ expectations of $385.80 million. During the same period in the prior year, the business earned $1.34 earnings per share. Dolby Laboratories’s revenue for the quarter was up 7.0% compared to the same quarter last year. 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, analysts predict that Dolby Laboratories will post 3.21 earnings per share for the current year.

Dolby Laboratories Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Tuesday, May 12th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Tuesday, May 12th. Dolby Laboratories’s dividend payout ratio is presently 56.92%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DLB shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price target on shares of Dolby Laboratories in a report on Thursday, June 11th. Wall Street Zen upgraded Dolby Laboratories from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Barrington Research reissued an “outperform” rating and set a $90.00 price objective on shares of Dolby Laboratories in a report on Monday, June 15th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Dolby Laboratories in a research note on Friday, March 27th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.