Dolby Laboratories, Inc. (DLB): Dagmar Dolby , 10% owner of Dolby Laboratories, Inc. sold 98,838 shares on Sep 8, 2016. The Insider selling transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were sold at $49.65 per share for a total value of $4,891,775.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 8, 2016, Dagmar Dolby (10% owner) sold 100,000 shares at $49.72 per share price.On Aug 31, 2016, Lewis Chew (EVP & Chief Financial Officer) sold 12,000 shares at $49.79 per share price.Also, On Aug 18, 2016, Michael Bergeron (SVP, WW Sales and Field Oper.) sold 50,000 shares at $49.10 per share price.On Aug 11, 2016, Kevin J Yeaman (President and CEO) sold 3,287 shares at $49.52 per share price.
Dolby Laboratories: On Monday, Sep 12, 2016 heightened volatility was witnessed in Dolby Laboratories which led to swings in the share price. The shares opened for trading at $48.69 and hit $48.95 on the upside , eventually ending the session at $48.87, with a gain of 0.06% or 0.03 points. The heightened volatility saw the trading volume jump to 637,404 shares. The 52-week high of the share price is $51.44 and the company has a market cap of $4,934 M . The 52-week low of the share price is at $30.38.
Company has been under the radar of several Street Analysts.Dolby Laboratories is Reiterated by Dougherty & Company to Buy and the brokerage firm has raised the Price Target to $ 57 from a previous price target of $54 .The Rating was issued on Jul 28, 2016.
Dolby Laboratories Inc. (Dolby Laboratories) creates audio imaging and communication technologies that transform entertainment and communications at the cinema at home at work and on mobile devices. The Company licenses its audio technologies and also develops technologies aimed at enhancing voice conferencing communications and imaging. Additionally the Company provides products and services that enable entertainment content creators and distributors to produce encode transmit and playback content for consumer experiences. The Company designs and manufactures audio and imaging products for the film production cinema and television broadcast industries. Distributed in approximately 80 countries these products are used in content creation distribution and playback to enhance image and sound quality and improve transmission and playback.