Acadian Asset Management LLC Buys 6,953 Shares of Dolby Laboratories $DLB

Key Points

• Acadian Asset Management LLC increased its stake in Dolby Laboratories (NYSE: DLB) by 0.6%, owning 1,140,821 shares valued at approximately $91.6 million as of its latest SEC filing.
• The company recently reported earnings of $0.78 per share, exceeding analyst expectations, with revenues of $315.55 million, marking a 9.2% year-over-year increase.
• Doly Laboratories announced a quarterly dividend of $0.33 per share, reflecting an annualized rate of $1.32 and a dividend yield of 1.8%.

Acadian Asset Management LLC raised its holdings in shares of Dolby Laboratories (NYSE:DLB - Free Report) by 0.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,140,821 shares of the electronics maker's stock after purchasing an additional 6,953 shares during the quarter. Acadian Asset Management LLC owned approximately 1.20% of Dolby Laboratories worth $91,602,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Dolby Laboratories by 114.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,141 shares of the electronics maker's stock worth $975,000 after buying an additional 6,484 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in Dolby Laboratories during the first quarter worth approximately $222,000. Vanguard Group Inc. boosted its holdings in shares of Dolby Laboratories by 7.1% during the first quarter. Vanguard Group Inc. now owns 7,535,722 shares of the electronics maker's stock worth $605,194,000 after acquiring an additional 502,110 shares during the period. Fiera Capital Corp boosted its holdings in shares of Dolby Laboratories by 19.0% during the first quarter. Fiera Capital Corp now owns 639,404 shares of the electronics maker's stock worth $51,351,000 after acquiring an additional 102,028 shares during the period. Finally, Vise Technologies Inc. acquired a new position in shares of Dolby Laboratories in the fourth quarter valued at approximately $308,000. 58.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on DLB shares. Baird R W raised Dolby Laboratories to a "hold" rating in a report on Friday, September 5th. Tigress Financial lifted their target price on Dolby Laboratories from $112.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Wall Street Zen upgraded shares of Dolby Laboratories from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Barrington Research reaffirmed an "outperform" rating and set a $100.00 price target on shares of Dolby Laboratories in a research report on Friday. Finally, Robert W. Baird initiated coverage on shares of Dolby Laboratories in a research note on Friday, September 5th. They issued a "neutral" rating and a $74.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $95.75.

Insider Activity

In other news, CEO Kevin J. Yeaman sold 39,875 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $74.82, for a total value of $2,983,447.50. Following the transaction, the chief executive officer directly owned 114,725 shares of the company's stock, valued at $8,583,724.50. The trade was a 25.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Shriram Revankar sold 7,000 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $74.92, for a total value of $524,440.00. Following the sale, the senior vice president directly owned 70,435 shares of the company's stock, valued at $5,276,990.20. This represents a 9.04% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,366 shares of company stock valued at $7,352,963. Corporate insiders own 38.39% of the company's stock.

Dolby Laboratories Price Performance

Shares of Dolby Laboratories stock traded up $0.19 during midday trading on Monday, reaching $71.63. The company had a trading volume of 129,609 shares, compared to its average volume of 430,502. The stock has a fifty day moving average price of $73.73 and a 200 day moving average price of $75.45. Dolby Laboratories has a fifty-two week low of $68.24 and a fifty-two week high of $89.66. The firm has a market cap of $6.86 billion, a PE ratio of 26.23 and a beta of 0.93.

Dolby Laboratories (NYSE:DLB - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. Dolby Laboratories had a net margin of 19.62% and a return on equity of 11.52%. The firm had revenue of $315.55 million for the quarter, compared to the consensus estimate of $305.23 million. During the same quarter in the previous year, the company earned $0.71 EPS. The company's revenue for the quarter was up 9.2% on a year-over-year basis. Dolby Laboratories has set its FY 2025 guidance at 3.880-4.030 EPS. Q4 2025 guidance at 0.610-0.760 EPS. As a group, sell-side analysts forecast that Dolby Laboratories will post 2.94 EPS for the current year.

Dolby Laboratories Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Tuesday, August 12th. Dolby Laboratories's dividend payout ratio (DPR) is presently 48.35%.

Dolby Laboratories Company 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.