Hilltop Holdings Inc. Acquires New Holdings in Dolby Laboratories $DLB

Hilltop Holdings Inc. bought a new position in Dolby Laboratories (NYSE:DLB) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,117 shares of the electronics maker’s stock, valued at approximately $908,000.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Dolby Laboratories by 8.7% in the second quarter. State Street Corp now owns 2,261,059 shares of the electronics maker’s stock valued at $167,906,000 after purchasing an additional 180,072 shares during the period. First Trust Advisors LP boosted its holdings in shares of Dolby Laboratories by 19.9% during the 1st quarter. First Trust Advisors LP now owns 2,254,933 shares of the electronics maker’s stock worth $135,431,000 after buying an additional 374,405 shares during the period. Geode Capital Management LLC grew its stake in Dolby Laboratories by 15.6% in the 4th quarter. Geode Capital Management LLC now owns 1,885,246 shares of the electronics maker’s stock valued at $122,749,000 after buying an additional 254,250 shares during the last quarter. AQR Capital Management LLC grew its stake in Dolby Laboratories by 51.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,736,260 shares of the electronics maker’s stock valued at $128,935,000 after buying an additional 592,282 shares during the last quarter. Finally, Snyder Capital Management L P raised its holdings in Dolby Laboratories by 24.4% in the 4th quarter. Snyder Capital Management L P now owns 1,427,093 shares of the electronics maker’s stock worth $91,648,000 after acquiring an additional 279,743 shares during the period. Institutional investors own 58.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DLB shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Dolby Laboratories in a research report on Wednesday, June 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price target on shares of Dolby Laboratories in a research report on Thursday, June 11th. Barrington Research reiterated an “outperform” rating and issued a $90.00 price objective on shares of Dolby Laboratories in a research note on Monday, June 15th. Finally, Wall Street Zen raised Dolby Laboratories from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $90.75.

Dolby Laboratories Trading Down 0.1%

Shares of DLB stock opened at $49.80 on Monday. Dolby Laboratories has a 1 year low of $48.26 and a 1 year high of $76.70. The firm’s fifty day simple moving average is $52.36 and its 200 day simple moving average is $58.92. The firm has a market capitalization of $4.71 billion, a P/E ratio of 19.68 and a beta of 0.81.

Dolby Laboratories (NYSE:DLB) last issued its quarterly earnings results on Thursday, April 30th. The electronics maker reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.06. The firm had revenue of $395.63 million during the quarter, compared to the consensus estimate of $385.80 million. Dolby Laboratories had a net margin of 17.85% and a return on equity of 11.47%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 EPS. 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. Equities research analysts anticipate that Dolby Laboratories will post 3.21 EPS for the current fiscal year.

Dolby Laboratories Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Tuesday, May 12th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.9%. Dolby Laboratories’s dividend payout ratio is currently 56.92%.

Insider Activity at Dolby Laboratories

In related news, CFO Robert J. Park sold 4,895 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $56.68, for a total value of $277,448.60. Following the completion of the sale, the chief financial officer owned 81,490 shares in the company, valued at approximately $4,618,853.20. This trade represents a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Todd Pendleton sold 11,876 shares of Dolby Laboratories stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $54.55, for a total value of $647,835.80. Following the sale, the chief marketing officer directly owned 41,480 shares in the company, valued at approximately $2,262,734. This trade represents a 22.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 47,458 shares of company stock worth $2,639,537 in the last three months. Corporate insiders own 37.93% of the company’s stock.

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.