Dynamic Technology Lab Private Ltd reduced its position in shares of Dolby Laboratories, Inc. (NYSE:DLB – Free Report) by 42.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,556 shares of the electronics maker’s stock after selling 3,364 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Dolby Laboratories were worth $393,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in Dolby Laboratories by 75.7% during the fourth quarter. Blue Trust Inc. now owns 369 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 159 shares during the period. VisionPoint Advisory Group LLC increased its stake in Dolby Laboratories by 86.9% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 370 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 172 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Dolby Laboratories by 65.0% in the 4th quarter. Quadrant Capital Group LLC now owns 505 shares of the electronics maker’s stock worth $44,000 after purchasing an additional 199 shares in the last quarter. Fifth Third Bancorp increased its stake in Dolby Laboratories by 36.8% in the 4th quarter. Fifth Third Bancorp now owns 610 shares of the electronics maker’s stock worth $53,000 after purchasing an additional 164 shares in the last quarter. Finally, Principal Securities Inc. purchased a new position in Dolby Laboratories in the 4th quarter worth about $53,000. 58.56% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the company. StockNews.com raised Dolby Laboratories from a “hold” rating to a “buy” rating in a research note on Saturday, May 11th. Rosenblatt Securities reissued a “buy” rating and issued a $98.00 price target on shares of Dolby Laboratories in a research note on Monday, April 29th.
View Our Latest Stock Report on Dolby Laboratories
Dolby Laboratories Trading Down 0.4 %
Shares of NYSE DLB opened at $79.71 on Friday. Dolby Laboratories, Inc. has a one year low of $75.87 and a one year high of $91.01. The firm has a market capitalization of $7.64 billion, a PE ratio of 40.67 and a beta of 0.98. The business has a 50-day moving average price of $81.59 and a two-hundred day moving average price of $83.33.
Dolby Laboratories (NYSE:DLB – Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The electronics maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.10. Dolby Laboratories had a return on equity of 10.15% and a net margin of 15.00%. The firm had revenue of $364.52 million during the quarter, compared to analyst estimates of $361.98 million. Research analysts anticipate that Dolby Laboratories, Inc. will post 2.68 EPS for the current year.
Dolby Laboratories Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Tuesday, May 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, May 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.51%. Dolby Laboratories’s payout ratio is presently 61.22%.
About Dolby Laboratories
(Free Report)
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.
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