Ultime notizie per Dolby Laboratories (NYSE:DLB) Azioni

Dolby Laboratories

Dolby Laboratories Inc develops audio and surround sound for cinema, broadcast, home audio systems, in-car entertainment systems, DVD players, games, televisions, and personal computers. The company generates three fourths of its revenue from licensing its technology to consumer electronics manufacturers around the world. The rest of revenue comes from equipment sales to professional producers and audio engineering services.

Dolby Laboratories Inc

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Barrington Research analyst James Goss maintains Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) with a Outperform and maintains $100 price target.

Price Target

Analyst Ratings

Barrington Research Maintains Outperform on Dolby Laboratories, Maintains $100 Price Target

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Dolby Laboratories shares are trading lower after the company cut its Q4 guidance below estimates.

Financial Outlook
Dolby's financial outlook relies, in part, on estimates of royalty-based revenue that take into consideration various factors that are subject to uncertainty, including consumer demand for electronic products. In addition, actual results could differ materially from the estimates Dolby is providing below due in part to uncertainty resulting from the macroeconomic effect of certain conditions, including supply chain constraints, international conflicts, geopolitical instability, and fluctuations in inflation and interest rates. The uncertainty resulting from these factors has greatly reduced its visibility into Dolby's future outlook. To the extent possible, the estimates Dolby is providing for future periods reflect certain assumptions about the potential impact of certain of these items, based upon a consideration of currently available external and internal data and information. These assumptions are subject to risks and uncertainties. For more information, see "Forward-Looking Statements" in this press release for a description of certain risks that Dolby faces, and the section captioned "Risk Factors" in its Quarterly Report on Form 10-Q for the third quarter of fiscal 2024, to be filed on or around the date hereof.
Dolby is providing the following estimates for its fourth quarter of fiscal 2024:
<ul>
<li>Total revenue is estimated to range from $300 million to $320 million.</li>
<li>Licensing revenue is estimated to range from $275 million to $295 million.</li>
<li>Gross margins are anticipated to be approximately 88%.</li>
<li>Operating expenses are anticipated to range from $225 million to $235 million on a GAAP basis and from $190 million to $200 million on a non-GAAP basis.</li>
<li>Effective tax rate is anticipated to be around 29% on a GAAP basis and around 23% on a non-GAAP basis.</li>
<li>Diluted earnings per share is anticipated to range from $0.31 to $0.46 on a GAAP basis and from $0.61 to $0.76 on a non-GAAP basis.</li>
</ul>
Dolby is providing the following estimates for the full year of fiscal 2024:
<ul>
<li>Total revenue is expected to range from $1.27 billion to $1.29 billion.</li>
<li>Gross margins are anticipated to be roughly 89%.</li>
<li>Operating expenses are anticipated to range from $875 million to $885 million on a GAAP basis and from $735 million to $745 million on a non-GAAP basis.</li>
<li>Dolby expects operating margins on a GAAP basis to be roughly 20% and on a non-GAAP basis to be roughly 31%.</li>
<li>Diluted earnings per share is anticipated to range from $2.40 to $2.55 on a GAAP basis and from $3.60 to $3.75 on a non-GAAP basis.</li>
</ul>

Guidance

Dolby Laboratories Sees Q4 EPS $0.61-$0.76 Vs $0.85 Est.; Revenue $300M-$320M Vs $326.6M Est.; FY24 EPS $3.60-$3.75 Vs $3.72 Est.; Revenue $1.27B-$1.29B Vs $1.29B Est.

Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) reported quarterly earnings of $0.71 per share which beat the analyst consensus estimate of $0.59 by 20.34 percent. The company reported quarterly sales of $288.818 million which beat the analyst consensus estimate of $286.183 million by 0.92 percent. This is a 3.20 percent decrease over sales of $298.370 million the same period last year.

Earnings

Earnings Beats

Dolby Laboratories Q3 2024 Adj. EPS $0.71 Beats $0.59 Estimate, Sales $288.818M Beat $286.183M Estimate

Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $98.5, a high estimate of $100.00, and a low estimate of $98.00. Observing a 0.51% increase, the current average has risen from the previous average price target of $98.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1717765245_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The perception of Dolby Laboratories by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steven Frankel</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$98.00</td>
<td>$98.00</td>
</tr>
<tr>
<td>James Goss</td>
<td>Barrington Research</td>
<td>Announces</td>
<td>Outperform</td>
<td>$100.00</td>
<td>-</td>
</tr>
<tr>
<td>Steve Frankel</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$98.00</td>
<td>$98.00</td>
</tr>
<tr>
<td>Steve Frankel</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$98.00</td>
<td>$98.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Dolby Laboratories. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Dolby Laboratories compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Dolby Laboratories's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into Dolby Laboratories's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/DLB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Dolby Laboratories analyst ratings.</a>
<h2>About Dolby Laboratories</h2>
Dolby Laboratories Inc develops audio and surround sound for cinema, broadcast, home audio systems, in-car entertainment systems, DVD players, games, televisions, and personal computers. The company generates three fourths of its revenue from licensing its technology to consumer electronics manufacturers around the world. The rest of revenue comes from equipment sales to professional producers and audio engineering services.
<h3>Understanding the Numbers: Dolby Laboratories's Finances</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Decline in Revenue: Over the 3 months period, Dolby Laboratories faced challenges, resulting in a decline of approximately -3.02% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Dolby Laboratories's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 26.84%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 4.1%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Dolby Laboratories's ROA stands out, surpassing industry averages. With an impressive ROA of 3.27%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Dolby Laboratories's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.02.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 4 Analyst Ratings Have To Say About Dolby Laboratories

Rosenblatt analyst Steven Frankel maintains Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) with a Buy and maintains $98 price target.

Rosenblatt Maintains Buy on Dolby Laboratories, Maintains $98 Price Target

Dolby Laboratories, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>), known for its entertainment services, announced a definitive agreement to acquire GE Aerospace&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) GE Licensing, which specializes in intellectual property licensing in the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/06/n39204581/dolby-laboratories-announces-agreement-to-acquire-ge-licensing-from-ge-aerospace" rel="noreferrer noopener">consumer digital media and electronics sectors.</a>
Dolby Laboratories will acquire GE Licensing in a $429 million all-cash transaction, expected to close by the end of fiscal year 2024.
The deal involves over 5,000 patents, including key patents in video compression technology. This acquisition will bolster Dolby&#8217;s patent portfolio, enhancing its standing in the industry.
GE Aerospace will retain its portfolio of IP related to its core aerospace and defense technologies, as well as the trademark portfolio for the GE brand.
GE Licensing is recognized for its innovations and patents, particularly in video codec technology. Andy Sherman, Dolby&#8217;s Executive Vice President, Patent Licensing and General Counsel, emphasized the strategic importance of this acquisition for Dolby&#8217;s commitment to open standards and collaborative licensing.
Robert Giglietti, CEO of Corporate Holdings and Treasurer at GE Aerospace, stated, &#8220;As GE Aerospace continues to sharpen its focus as a standalone company serving aerospace and defense customers, Dolby is the right partner for ensuring these innovative digital media technologies continue to serve businesses and consumers around the world.&#8221;
The deal, which awaits regulatory approval, will not significantly impact Dolby&#8217;s fiscal 2024 results. Dolby anticipates the acquisition to be accretive to operating margins and EPS on a non-GAAP basis in fiscal 2025.
Dolby held $824.4 million in <a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/n38597868/dolby-laboratories-reports-second-quarter-2024-financial-results" rel="noreferrer noopener">cash and equivalents as of March 29, 2024</a>.
The transaction includes complementary assets that enhance Dolby&#8217;s patent portfolios and will not alter Dolby&#8217;s policy of returning capital to shareholders through quarterly dividends and stock repurchases to counterbalance dilution from stock-based compensation.
Price Action: DLB shares are trading higher by 0.14% at $80.07 at the last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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General

Dolby Laboratories To Acquire GE Licensing In $429M Cash Deal: Strengthens Patent Portfolio

Acquisition to strengthen Dolby's licensing businesses and create opportunity for future growth
SAN FRANCISCO, June 6, 2024 /PRNewswire/ -- Dolby Laboratories, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>), a leader in immersive entertainment experiences, announced today that it has entered into a definitive agreement to acquire GE Licensing, which owns, maintains, and licenses an extensive portfolio of IP primarily targeting the consumer digital media and electronics sectors.
&nbsp;
Financial Considerations&nbsp;
Dolby Laboratories has agreed to acquire GE Licensing, an intellectual property licensing business primarily targeting the consumer digital media and electronics sectors, in a $429 million all cash transaction. This deal is expected to close by the end of fiscal year 2024, subject to regulatory approval and other customary closing conditions, and is not expected to have a material impact on Dolby's fiscal year 2024 results.&nbsp;This transaction includes attractive complementary assets that strengthen and expand Dolby's patent portfolios, and represents a compelling financial profile of durable, high-margin revenue. Dolby expects the deal to be accretive on a non GAAP basis to operating margins and EPS in fiscal 2025.

Dolby Laboratories To Acquire GE Licensing, An IP Licensing Business Primarily Targeting The Consumer Digital Media And Electronics Sectors, In A $429M All Cash Transaction

Barrington Research analyst James Goss upgrades Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) from Market Perform to Outperform and announces $100 price target.

Upgrades

Barrington Research Upgrades Dolby Laboratories to Outperform, Announces $100 Price Target

With Dolby Atmos across its entire 2024 soundbar lineup, VIZIO and Dolby are leading the way consumers experience astonishing immersive audio
VIZIO (NYSE:<a href="https://www.benzinga.com/stock/VZIO#NYSE">VZIO</a>) and Dolby Laboratories, Inc. (NYSE:<a href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) are teaming up to make Dolby Atmos&#xAE; available to even more consumers, integrating best-in-class immersive sound across VIZIO's entire 2024 soundbar lineup – available now at Best Buy as well as Amazon, Walmart and Sam's Club. As one of the world's first manufacturers to support Dolby Atmos across its full soundbar lineup, VIZIO and Dolby are pioneering multi-dimensional sound experiences to consumers for as low as $99, making it more accessible no matter where they are in their soundbar journey.

VZIO

VIZIO And Dolby Are Teaming Up To Usher In Premium Sound Era For All

Rosenblatt analyst Steve Frankel maintains Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) with a Buy and maintains $98 price target.

Dolby Laboratories Continues To See FY24 Total Revenue To Be Roughly $1.30B (Est $1.298B), Adj EPS Of $3.60-$3.75 ($3.69)

Dolby Laboratories Expects Q3 Total Revenue Of $270M-$300M (Est $313.637M), Adj EPS Of $0.51-$0.66 (Est $0.77)

Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) reported quarterly earnings of $1.27 per share which beat the analyst consensus estimate of $1.19 by 6.72 percent. This is a 0.79 percent increase over earnings of $1.26 per share from the same period last year. The company reported quarterly sales of $364.523 million which beat the analyst consensus estimate of $359.442 million by 1.41 percent. This is a 3.02 percent decrease over sales of $375.891 million the same period last year.

Dolby Laboratories Q2 2024 Adj EPS $1.27 Beats $1.19 Estimate, Sales $364.523M Beat $359.442M Estimate

Today, February 22, 2024, Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) will distribute a dividend payout of $0.30 per share, highlighting an annualized dividend yield of 1.44%. Shareholders who owned the stock before the ex-dividend date on February 12, 2024 will be eligible for this payout.
<h3>Dolby Laboratories Recent Dividend Payouts</h3>
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<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-02-12</td>
<td style="text-align: right;">4</td>
<td>$0.3</td>
<td>1.44%</td>
<td>2024-02-01</td>
<td>2024-02-13</td>
<td>2024-02-22</td>
</tr>
<tr>
<td>2023-11-27</td>
<td style="text-align: right;">4</td>
<td>$0.3</td>
<td>1.35%</td>
<td>2023-11-16</td>
<td>2023-11-28</td>
<td>2023-12-05</td>
</tr>
<tr>
<td>2023-08-11</td>
<td style="text-align: right;">4</td>
<td>$0.27</td>
<td>1.23%</td>
<td>2023-08-03</td>
<td>2023-08-14</td>
<td>2023-08-22</td>
</tr>
<tr>
<td>2023-05-15</td>
<td style="text-align: right;">4</td>
<td>$0.27</td>
<td>1.3%</td>
<td>2023-05-04</td>
<td>2023-05-16</td>
<td>2023-05-23</td>
</tr>
<tr>
<td>2023-02-13</td>
<td style="text-align: right;">4</td>
<td>$0.27</td>
<td>1.34%</td>
<td>2023-02-02</td>
<td>2023-02-14</td>
<td>2023-02-22</td>
</tr>
<tr>
<td>2022-11-29</td>
<td style="text-align: right;">4</td>
<td>$0.27</td>
<td>1.54%</td>
<td>2022-11-17</td>
<td>2022-11-30</td>
<td>2022-12-08</td>
</tr>
<tr>
<td>2022-08-22</td>
<td style="text-align: right;">4</td>
<td>$0.25</td>
<td>1.28%</td>
<td>2022-08-09</td>
<td>2022-08-23</td>
<td>2022-08-31</td>
</tr>
<tr>
<td>2022-05-16</td>
<td style="text-align: right;">4</td>
<td>$0.25</td>
<td>1.27%</td>
<td>2022-05-05</td>
<td>2022-05-17</td>
<td>2022-05-25</td>
</tr>
<tr>
<td>2022-02-15</td>
<td style="text-align: right;">4</td>
<td>$0.25</td>
<td>1.14%</td>
<td>2022-02-03</td>
<td>2022-02-16</td>
<td>2022-02-23</td>
</tr>
<tr>
<td>2021-11-29</td>
<td style="text-align: right;">4</td>
<td>$0.25</td>
<td>1.13%</td>
<td>2021-11-16</td>
<td>2021-11-30</td>
<td>2021-12-08</td>
</tr>
<tr>
<td>2021-08-10</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>0.92%</td>
<td>2021-07-29</td>
<td>2021-08-11</td>
<td>2021-08-19</td>
</tr>
<tr>
<td>2021-05-14</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>0.85%</td>
<td>2021-05-04</td>
<td>2021-05-17</td>
<td>2021-05-25</td>
</tr>
</tbody>
</table>
When comparing Dolby Laboratories's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Gen Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEN#NASDAQ">GEN</a>) having the highest annualized dividend yield at 2.32%.
<h3>Analyzing Dolby Laboratories Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1708614319_0.png" alt="dividend chart graph" />
From 2020 to 2023, the company's dividend per share showed a positive trend, increasing steadily from $0.88 in 2020 to $1.11 in 2023. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
<h3>YoY Earnings Growth For Dolby Laboratories</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1708614319_1.png" alt="earning chart graph" />
The earnings chart above shows that from 2020 to 2023, Dolby Laboratories has experienced an increase in their earnings from $2.99 per share to $3.57 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
<h3>Recap</h3>
This article takes an in-depth look at Dolby Laboratories's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.30 per share today, translating to an annualized dividend yield of 1.44%.
When comparing Dolby Laboratories's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Gen Digital having the highest annualized dividend yield at 2.32%.
Considering the increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, Dolby Laboratories appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
[Click here](<a href="https://www.benzinga.com/stock//dividends" title="https://www.benzinga.com/stock//dividends">https://www.benzinga.com/stock//dividends</a>) to find details on Dolby Laboratories's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Dividends

Dolby Laboratories Exceeds Expectations with Strong Performance, Driving Profits and Rewarding Investors

Friday marks the last chance for investors to receive the next dividend payout from Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 30 cents per share. On Monday, Dolby Laboratories will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 30 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own DLB as of the end of Friday's session are eligible to receive the 30 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on February 22, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

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The growing demand for smart home devices and the adoption of the latest technologies is increasing the demand for consumer tech stocks. Against this backdrop, investors could consider sound consumer tech stocks Apple (AAPL), Dolby Laboratories (DLB), and Knowles (KN) to benefit from smart home trends. Keep reading... The consumer tech industry is flourishing with the increasing demand for digital technologies like AI and IoT among consumers.
Given the industry's backdrop, investors could consider fundamentally sound consumer tech stocks Apple Inc. (<a href="https://stocknews.com/stock/AAPL/">AAPL</a>), Dolby Laboratories, Inc. (<a href="https://stocknews.com/stock/DLB/">DLB</a>), and Knowles Corporation (<a href="https://stocknews.com/stock/KN/">KN</a>) for potential gains.
The U.S. economy grew strongly during the third quarter, with rising consumer spending marking its fastest pace in over one and a half years. This was supported by sharply slowing inflation levels and robust business investment in equipment. The gross domestic product <a href="https://www.reuters.com/markets/us/us-economy-posts-solid-growth-election-eve-2024-10-30/">increased at a rate of 2.8%</a> in the third quarter.
The surging consumer spending is an indicator of rising disposable income and changing consumer behavior as more and more consumers lean towards efficiency, comfort, security, and convenience of their homes through technologies.
Further, with the rapidly developing smarter and more interconnected technologies, the possibilities in smart home development are becoming endless. These trends are rapidly fueling the possibilities of the consumer technology market. Consumers increasingly spend on smart home devices to enhance their home security, convenience, and comfort.
Technologies like Artificial Intelligence (AI) and the Internet of Things (IoT) also mark their contribution to the evolving market dynamics. With this, the global smart home market is <a href="https://www.fortunebusinessinsights.com/industry-reports/smart-home-market-101900">projected to grow $633.20 billion by 2032</a>, exhibiting a CAGR of 22.9%. Also, the U.S. smart home market is predicted to grow significantly to a total of $105.25 billion by 2032.
Amid rising spending on consumer tech devices like smart entertainment devices, smart home monitoring and security solutions, smart door locks, and home appliances and complementing technologies like communication technologies, Wi-Fi, Bluetooth, and the 5G network, consumer tech stocks are positioned to prosper.
With these favorable trends in mind, let's delve into the fundamentals of the three top consumer tech stock choices mentioned above.
Apple Inc. (<a href="https://stocknews.com/stock/AAPL/">AAPL</a>)
AAPL designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, Mac, iPad, wearables, and home accessories, including AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
On October 30, AAPL launched the new MacBook Pro&#xAE;, powered by the M4 family of chips — M4, M4 Pro, and M4 Max, which delivers even faster performance and enhanced capabilities. The new MacBook Pro is built for Apple Intelligence&#x2122;, the personal intelligence system to transform how users work, communicate, and express themselves while protecting their privacy.
Also, on October 29, the company unveiled the all-new Mac mini&#xAE;, also powered by the M4 and new M4 Pro chips. It is redesigned around Apple silicon to offer incredible performance in an even smaller form of just 5 by 5 inches. With M4, Mac mini delivers up to 1.8x faster CPU performance and 2.2x faster GPU performance over the M1 model.
AAPL's total net sales increased 6.1% from the year-ago value to $94.93 billion during the fourth quarter that ended September 28, 2024. The company's <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> increased 9.7% year-over-year to $29.59 billion. Also, the company's net income and EPS totaled $14.74 billion and $0.97 for the quarter, respectively.
Analysts expect AAPL's revenue for the first quarter (ending December 2024) to grow 4% year-over-year to $124.41 billion. The company's EPS is expected to increase 7.9% year-over-year to $2.35 for the same period. Moreover, the company surpassed the consensus revenue and EPS estimates in all of the trailing four quarters.
Shares of AAPL have surged 22.2% over the past six months and 23.9% over the past year to close the last trading session at $222.01.
AAPL's robust prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
AAPL has an A grade for Quality. Within the <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry, AAPL is ranked #24 out of 41 stocks.
<a href="https://stocknews.com/stock/AAPL/">Click here</a> to access AAPL's other ratings for Momentum, Value, Growth, Sentiment, and Stability.
Dolby Laboratories, Inc. (<a href="https://stocknews.com/stock/DLB/">DLB</a>)
DLB creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles. It develops and licenses its audio technologies, such as AAC &amp; HE-AAC, AVC, Dolby AC-4, and Dolby Atmos technology.
On September 13, DLB launched a new comprehensive range of cloud video products and solutions supporting real-time interactive streaming. The announcement came closely after DLB's recent acquisition of THEO Technologies, a leading provider of high-quality video streaming tools.
FanDuel, ITV, Las Vegas Sands, NASCAR, NFL, and others are leveraging the latest solutions to increase their engagement while improving their audiences' streaming and iGaming experiences.
On June 6, DLB entered into a definitive agreement to acquire GE Licensing, which owns, maintains, and licenses an extensive portfolio of IP primarily targeting the consumer digital media and electronics sectors. The strategic acquisition will strengthen DLB's licensing businesses and create opportunities for future growth.
During the third quarter, which ended on June 28, 2024, DLB reported a total revenue of $288.82 million, and its gross profit for the period was $253.15 million. The company's operating income of $36.78 million indicates growth of 130.8% from the prior year's quarter.
In addition, net income attributable to DLB came in at $38.44 million and $0.40 per share, up 134.4% and 135.3% from the previous year, respectively.
Analysts expect DLB's revenue for the fourth quarter (ended September 2024) to increase 6% year-over-year to $307.94 million, while its EPS for the same period is expected to grow 7.2% year-over-year to $0.70. Also, DLB has topped the consensus revenue and EPS estimates in each of the trailing four quarters.
DLB's shares have plunged 3.4% over the past month to close the last trading session at $73.39.
DLB's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has an A grade for Quality and a B grade for Sentiment. Within the <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> industry, DLB is ranked #3 among the 42 stocks.
In addition to the POWR Ratings we've stated above, we also have DLB ratings for Stability, Momentum, Value, and Growth. Get all DLB ratings <a href="https://stocknews.com/stock/DLB/">here</a>.
Knowles Corporation (<a href="https://stocknews.com/stock/KN/">KN</a>)
KN offers capacitors, Radio Frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions internationally. It operates in Precision Devices; Medtech &amp; Specialty Audio; and Consumer MEMS Microphones segments.
On October 31, KN partnered with Mimi Hearing Technologies, the provider of the number one hearing test app on the market, to create innovative solutions for audio devices, such as true wireless stereo (TWS) earbuds, in-ear monitors (IEMs), headphones, and more.
The Breggz&#x2122; ZOHN-1 in-ear computer is the first hearable device to market that incorporated a cutting-edge combination of KN and Mimi technologies, delivering a breakthrough in premium, personalized, and immersive listening.
For the third quarter that ended September 30, 2024, KN's revenues increased 31.8% year-over-year to $142.50 million. Its non-GAAP gross profit increased 27.3% from the year-ago value to $64.80 million. Also, the company's non-GAAP net earnings totaled $24.20 million or $0.26 per share, up 28.7% and 30% from the prior year's quarter, respectively.
Furthermore, the company's adjusted EBITDA increased 20.3% from the prior-year quarter to $35 million.
According to the company's fourth quarter 2024 outlook, KN projects revenues from continuing operations between $141 and $151 million. It also expects non-GAAP EPS from continuing operations of $0.26 - $0.30.
Street expects KN's EPS for the fourth quarter (ending December 2024) to increase 0.9% year-over-year to $0.28. For the fiscal year 2024, the company's EPS is expected to grow 11.7% year-over-year to $0.98. Also, the company topped the consensus EPS and revenue estimates in three of the trailing four quarters.
Shares of KN have surged 4.7% over the past six months and 10.4% over the past year to close the last trading session at $17.49.
KN's POWR Ratings reflect its sound fundamentals. The stock is ranked #25 out of 42 stocks within the Technology - Electronics industry.
To access all the POWR Ratings of KN, <a href="https://stocknews.com/stock/KN/">click here</a>.
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AAPL shares were trading at $223.45 per share on Tuesday afternoon, up $1.44 (+0.65%). Year-to-date, AAPL has gained 16.50%, versus a 22.46% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/aapl-dlb-kn-3-consumer-tech-stocks-benefiting-from-smart-home-trends/>3 Consumer Tech Stocks Benefiting from Smart Home Trends</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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