Algert Global LLC Invests $1.43 Million in Dolby Laboratories $DLB

Key Points

• Algert Global LLC has acquired a new position in Dolby Laboratories, purchasing 17,790 shares valued at approximately $1.43 million in the first quarter.
• Dolby Laboratories reported a 9.2% year-over-year revenue increase with quarterly revenue of $315.55 million and earnings per share of $0.78, exceeding analysts' expectations.
• The company announced a quarterly dividend of $0.33 per share, representing an annualized yield of 1.7%, with a payout ratio of 48.35%.

Algert Global LLC purchased a new position in Dolby Laboratories (NYSE:DLB - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,790 shares of the electronics maker's stock, valued at approximately $1,429,000.

Several other institutional investors have also recently made changes to their positions in DLB. Alpine Bank Wealth Management bought a new position in shares of Dolby Laboratories during the 1st quarter worth about $25,000. Cheviot Value Management LLC acquired a new position in Dolby Laboratories during the 1st quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new position in Dolby Laboratories during the 1st quarter worth approximately $29,000. Global X Japan Co. Ltd. bought a new position in Dolby Laboratories in the first quarter worth approximately $51,000. Finally, Fifth Third Bancorp grew its stake in Dolby Laboratories by 84.7% in the first quarter. Fifth Third Bancorp now owns 665 shares of the electronics maker's stock valued at $53,000 after acquiring an additional 305 shares during the period. Institutional investors and hedge funds own 58.56% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Tigress Financial boosted their price objective on Dolby Laboratories from $112.00 to $114.00 and gave the company a "buy" rating in a report on Friday, August 15th. Wall Street Zen lowered shares of Dolby Laboratories from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Rosenblatt Securities restated a "buy" rating and set a $95.00 price objective on shares of Dolby Laboratories in a report on Friday, August 1st. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $100.00 price objective on shares of Dolby Laboratories in a research note on Friday, May 2nd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $103.00.

Dolby Laboratories Trading Down 0.5%

Shares of DLB traded down $0.33 during trading hours on Thursday, reaching $72.44. 65,140 shares of the stock traded hands, compared to its average volume of 430,831. Dolby Laboratories has a 52 week low of $68.24 and a 52 week high of $89.66. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 26.51 and a beta of 0.91. The stock has a fifty day simple moving average of $74.27 and a 200 day simple moving average of $76.44.

Dolby Laboratories (NYSE:DLB - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $315.55 million during the quarter, compared to the consensus estimate of $305.23 million. Dolby Laboratories had a net margin of 19.62% and a return on equity of 11.52%. The firm's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. Dolby Laboratories has set its FY 2025 guidance at 3.880-4.030 EPS. Q4 2025 guidance at 0.610-0.760 EPS. Analysts predict that Dolby Laboratories will post 2.94 earnings per share for the current fiscal year.

Dolby Laboratories Announces Dividend

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

Insider Buying and Selling

In related news, EVP Mark Andrew Sherman sold 15,000 shares of Dolby Laboratories stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $75.02, for a total transaction of $1,125,300.00. Following the sale, the executive vice president directly owned 62,397 shares in the company, valued at approximately $4,681,022.94. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Shriram Revankar sold 7,000 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president directly owned 70,435 shares in the company, valued at approximately $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 have sold 148,049 shares of company stock worth $11,045,581. 38.39% of the stock is owned by company insiders.

About Dolby Laboratories

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.