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SAN FRANCISCO—Pendleton Todd, Senior Vice President and Chief Marketing Officer at Dolby Laboratories , Inc. (NYSE:DLB), executed significant stock transactions on February 19, according to recent filings. Todd sold 18,121 shares of Dolby Laboratories’ Class A Common Stock, generating approximately $1.52 million. The shares were sold at an average price of $83.75, with transactions occurring at prices ranging from $83.41 to $84.19. According to InvestingPro data, Dolby maintains impressive gross profit margins of 88.65% and holds more cash than debt on its balance sheet.
In a separate transaction on the same day, Todd acquired 7,286 shares through the exercise of employee stock options at a price of $71.07 per share. The total value of the shares acquired through this exercise was approximately $517,816. Following these transactions, Todd holds 37,290 shares, including shares underlying restricted stock units that are subject to vesting conditions.
These transactions highlight Todd’s active management of his equity holdings in Dolby Laboratories, a leader in audio and visual technologies.
In other recent news, Dolby Laboratories reported its financial results for the first quarter of 2025, surpassing earnings expectations. The company achieved earnings per share (EPS) of $1.14, exceeding the forecast of $1.05, and reported revenue of $357 million, surpassing the anticipated $337.94 million. Dolby’s revenue increased by 13% year-over-year, with mobile licensing revenue seeing a significant 74% increase. In addition to its financial performance, Dolby shareholders approved a charter amendment offering certain officers protection from liability under specific conditions. During the company’s 2025 Annual Meeting, eight directors were elected, and KPMG LLP was ratified as the independent auditor for the fiscal year ending September 2025. Furthermore, Dolby Laboratories repurchased $15 million worth of its own stock, demonstrating its commitment to shareholders. Analyst firms such as Rosenblatt Securities and Barrington Research have shown interest in Dolby’s growth potential, particularly in mobile and automotive sectors. These developments reflect Dolby’s ongoing ability to capitalize on its licensing business and expand its market reach.
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