Dolby Laboratories is trading up by 9.55% since yesterday’s close of 53.94 making it one of today’s top gainers. More than 2,978,162 shares have been traded.
It is currently trading at $59.09 which is well above the 50 day moving average which is $50.70 and which is significantly higher than the 200 day moving average of $50.95. The 50 day moving average went up $8.39 or +16.55% and the 200 day average went up $8.14 or +15.97%.
Traders are more bullish on Dolby Laboratories as inferred by the downtick in short interest. The company realized a fall in short interest of -1.18% as of August 15, 2017 from the last reporting period. Short shares fell from 2,509,832 to 2,480,330 over that period. The days to cover increased to 6.0 and the percentage of shorted shares is 0.02% as of August 15.
The following firms have recently changed their position in DLB. As of the end of the quarter Cantab Capital Partners Llp had sold 1,905 shares trimming its holdings by 5.1%. The value of the investment in (DLB) went from $1,949,000 to $1,727,000,000 a change of $1,725,051,000 quarter over quarter. As of quarter end AHL Partners LLP had disposed of a total of 111,620 shares trimming its position 51.0%. The value of the investment in Dolby Laboratories decreased from $11,482,000 to $5,261,000 a change of 54.2% quarter to quarter.
Ubs Group Ag expanded its investment by buying 588 shares an increase of 2.0% in the quarter. Ubs Group Ag claims 30,578 shares worth $1,497,000. The total value of its holdings decreased 4.8%. Quadrature Capital Ltd bolstered its ownership by buying 6,331 shares an increase of 71.3% from 03/31/2017 to 06/30/2017. Quadrature Capital Ltd owns 15,210 shares with a value of $744,000. The value of the position overall is up by 60.0%.
On July 17 the company was rated “Buy” by B. Riley which was a boost from the previous “Neutral” rating.
The company announced a dividend for shareholders that was paid on Tuesday the 16th of May 2017. The dividend payment was $0.140 per share for the quarter which is $0.56 annualized. This dividend represents a yield of $1.11. The ex-dividend date was set for Thursday the 3rd of August 2017.
The most current P/E ratio is 30.23 and the market value is 6.06B. As of the last earnings report the EPS was $1.96 and is estimated to be $1.99 for the current year with 102,600,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.53 with next year’s EPS anticipated to be $2.23.
Dolby Laboratories, Inc., launched on September 1, 2004, designs and manufactures audio and imaging products for the cinema, television, broadcast and entertainment industries. The Business’s products are used in content creation, distribution and playback to manage image and sound quality, and transmission and playback. The Business’s products for cinema include Digital Cinema Servers and Cinema Audio Products, and for broadcast and other include Dolby Conference Phone and Other Products. The Business’s Digital Cinema Server products are used to load, store, decrypt, decode and watermark digital film files for presentation on digital cinema projectors. It also provides products that encrypt, encode and package digital film data for distribution..