Dolby Laboratories (DLB) Receives a Rating Update from a Top Analyst

By Austin Angelo

In a report released today, Ivan Feinseth from Tigress Financial reiterated a Buy rating on Dolby Laboratories (DLBResearch Report). The company’s shares closed last Monday at $63.19.

According to TipRanks.com, Feinseth is a top 100 analyst with an average return of 16.4% and a 69.2% success rate. Feinseth covers the Consumer Goods sector, focusing on stocks such as Cisco Systems Inc, Intel Corporation, and Garmin Ltd.

Currently, the analyst consensus on Dolby Laboratories is a Strong Buy with an average price target of $79.

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Dolby Laboratories’ market cap is currently $6.47B and has a P/E ratio of 25.74. The company has a Price to Book ratio of 2.78.

Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DLB in relation to earlier this year. Last month, Lewis Chew, the EVP & CFO of DLB sold 15,000 shares for a total of $904,950.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Dolby Laboratoties, Inc. designs and manufactures audio and imaging products for the cinema, television, broadcast, and entertainment industries. Its products include Cinema Imaging, Cinema Audio, Dolby Conference Phone, Dolby Voice Room, and Other Products. The company was founded by Ray Milton Dolby in 1965 and is headquartered in San Francisco, CA.