
Dolby Laboratories (NYSE:DLB) Reaches New 12-Month Low - Should You Sell?

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Dolby Laboratories (NYSE:DLB) reached a new 52-week low of $55.11, closing at $55.5180 with a trading volume of 572,340 shares. Analysts have mixed ratings, with three recommending a buy and two a hold. The company reported Q1 earnings of $1.37 EPS, exceeding estimates, and a revenue increase of 7% year-over-year. Dolby announced a quarterly dividend of $0.36 per share, yielding 2.6%. Insider selling has occurred, with significant shares sold recently. Hedge funds have also adjusted their positions in the company, with notable increases from Royal Bank of Canada and Goldman Sachs.
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