DLB.NYSEDolby Laboratories, INC
SCHEDULE 13G/A: Bank of New York Mellon Corp Discloses 9.3% Passive Stake in Dolby Laboratories
Sentiment:
Beneficial Ownership Statement
Bank of New York Mellon Corporation and its subsidiaries have filed an amended Schedule 13G, disclosing their beneficial ownership of 9.3% of Dolby Laboratories, Inc.'s Class A Common Stock as of March 31, 2025.
Summary
- The Bank of New York Mellon Corporation, as a parent holding company, reported aggregate beneficial ownership of 5,709,193 shares of Dolby Laboratories, Inc. Class A Common Stock, representing 9.3% of the class.
- BNY Mellon IHC, LLC, a subsidiary of Bank of New York Mellon Corp, reported beneficial ownership of 4,810,907 shares, representing 7.9% of the class.
- MBC Investments Corp, another subsidiary, also reported beneficial ownership of 4,810,907 shares, representing 7.9% of the class.
- Newton Investment Management North America, LLC, an investment adviser subsidiary, reported beneficial ownership of 4,191,757 shares, representing 6.9% of the class.
- The shares are held by The Bank of New York Mellon Corporation and its direct or indirect subsidiaries in various fiduciary capacities.
- The filing explicitly states that no single other person's interest in the securities reported is more than 5%.
Sentiment
Score: 5
Explanation: This is a standard Schedule 13G filing, which is a routine disclosure of beneficial ownership by a passive institutional investor. It does not contain information that would typically alter the sentiment towards the issuer's operational or financial performance.
Positives
- Significant institutional ownership by Bank of New York Mellon Corporation and its subsidiaries, which can be viewed as a vote of confidence or a long-term passive investment in Dolby Laboratories, Inc.
Negatives
- No specific negative information was disclosed in this beneficial ownership filing.
Risks
- No specific risks related to Dolby Laboratories, Inc. were disclosed in this beneficial ownership filing, as it primarily concerns beneficial ownership percentages.
Future Outlook
NA
Management Comments
- "To the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."
Industry Context
This filing reflects a passive investment by a major financial institution in Dolby Laboratories, Inc., a company known for its audio and visual technologies. Such institutional holdings are common across various sectors, including technology, and typically indicate a long-term investment perspective rather than an active strategic or operational move.
Comparison to Industry Standards
- NA
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional holdings, which can be a positive signal of long-term interest.
- Employees, Customers, Suppliers, Creditors: No direct impact as this filing pertains solely to beneficial ownership and not operational changes or financial performance.
Key Dates
| Date | Description |
|---|---|
| 2015-07-15 | Date of Power of Attorney for Walter Scott & Partners Limited. |
| 2015-07-17 | Date of Power of Attorney for Newton Investment Management Limited. |
| 2015-07-17 | Date of Power of Attorney for Newton Management Limited. |
| 2015-08-26 | Date of Power of Attorney for The Bank of New York Mellon (Curtis Arledge). |
| 2015-08-27 | Date of Joint Filing Agreement for The Bank of New York Mellon (Mitchell E. Harris). |
| 2015-09-16 | Date of Power of Attorney for BNY Mellon, National Association (Donald Heberle). |
| 2015-09-18 | Date of Power of Attorney for The Bank of New York Mellon (Mitchell E. Harris). |
| 2015-10-07 | Date of Power of Attorney for Mellon Overseas Investment Corporation. |
| 2015-10-09 | Date of Power of Attorney for BNY Mellon, National Association (Thomas J. Dicker). |
| 2015-10-19 | Date of Power of Attorney for BNY Mellon Trust of Delaware (Lee James Woolley). |
| 2015-10-20 | Date of Power of Attorney for The Bank of New York Mellon Trust Company, National Association (Antonio Portuondo). |
| 2015-10-21 | Date of Power of Attorney for BNY Mellon Trust of Delaware (James P. Ambagis). |
| 2015-10-21 | Date of Power of Attorney for B.N.Y. Holdings (Delaware) Corporation. |
| 2015-10-21 | Date of Power of Attorney for BNY Mellon Investment Management Europe Holdings Limited. |
| 2015-10-21 | Date of Power of Attorney for BNY Mellon International Asset Management (Holdings) Limited. |
| 2015-10-21 | Date of Power of Attorney for BNY Mellon Investment Management (Jersey) Limited. |
| 2015-10-24 | Date of Power of Attorney for BNY Capital Markets Holdings, Inc. |
| 2016-01-04 | Date of Power of Attorney for ARX Investimentos LTDA (Camila Souza). |
| 2016-01-04 | Date of Power of Attorney for ARX Investimentos LTDA (Guilherme Abry). |
| 2016-02-16 | Date of Power of Attorney for Insight Investment Management (Global) Limited. |
| 2016-02-16 | Date of Power of Attorney for Insight Investment Management Limited. |
| 2016-03-08 | Date of Power of Attorney for The Bank of New York Mellon Trust Company, National Association (Kurtis R. Kurimsky). |
| 2016-04-19 | Date of Power of Attorney for BNY Mellon Investment Management (APAC) Holdings Limited (Emily Chan). |
| 2016-04-19 | Date of Power of Attorney for BNY Mellon Investment Management (APAC) Holdings Limited (Doni Shamsuddin). |
| 2016-04-29 | Date of Power of Attorney for MBC Investments Corporation. |
| 2016-05-05 | Date of Power of Attorney for BNY Mellon Servicos Financeiros Distribuidora de Titulos e Valores Mobiliarios S.A. (Carlos Alberto Saraiva). |
| 2016-05-05 | Date of Power of Attorney for BNY Mellon Servicos Financeiros Distribuidora de Titulos e Valores Mobiliarios S.A. (Marcus Vinicius Mathias Pereira). |
| 2016-05-05 | Date of Power of Attorney for BNY Mellon Participacoes LTDA (Carlos Alberto Saraiva). |
| 2016-05-05 | Date of Power of Attorney for BNY Mellon Participacoes LTDA (Marcus Vinicius Mathias Pereira). |
| 2016-05-11 | Date of Power of Attorney for Pershing Group LLC. |
| 2016-05-12 | Date of Power of Attorney for BNY International Financing Corporation (Kurtis R. Kurimsky). |
| 2016-05-17 | Date of Power of Attorney for The Bank of New York Mellon SA/NV. |
| 2016-05-17 | Date of Power of Attorney for BNY Mellon Trust Company (Cayman) Limited (Gillian Nelson). |
| 2016-05-17 | Date of Power of Attorney for BNY Mellon Trust Company (Cayman) Limited (Patricia Bruzio). |
| 2016-05-24 | Date of Power of Attorney for Pershing LLC. |
| 2016-08-15 | Date of Power of Attorney for BNY International Financing Corporation (John M. Roy). |
| 2016-10-19 | Date of Power of Attorney for BNY Mellon Capital Markets, LLC. |
| 2016-12-07 | Date of Power of Attorney for Insight North America LLC. |
| 2017-03-17 | Date of Power of Attorney for The Bank of New York Mellon Corporation. |
| 2017-03-29 | Date of Power of Attorney for BNY Mellon IHC, LLC. |
| 2018-02-14 | Date of Power of Attorney for Insight Investment International Limited. |
| 2018-06-29 | Date of Power of Attorney for Mellon Global Investing Corporation. |
| 2019-01-10 | Date of Power of Attorney for Mellon Investments Corporation. |
| 2019-06-03 | Date of Power of Attorney for BNY Mellon Investment Adviser, Inc. |
| 2019-06-03 | Date of Power of Attorney for BNY Mellon Securities Corporation. |
| 2019-12-04 | Date of Power of Attorney for BNY Mellon ETF Investment Adviser, LLC. |
| 2020-04-10 | Date of Power of Attorney for BNY Mellon Investment Management Japan Limited. |
| 2021-08-20 | Date of Power of Attorney for Newton Investment Management North America, LLC. |
| 2023-02-02 | Date of Power of Attorney for Newton Investment Management Japan Ltd. |
| 2023-06-15 | Date of Power of Attorney for BNY Mellon Advisors, Inc. |
| 2025-03-31 | Date of Event Which Requires Filing of this Statement. |
| 2025-04-21 | Signature Date for Bank of New York Mellon Corp, BNY Mellon IHC, LLC, MBC Investments Corp, and Newton Investment Management North America, LLC. |
Keywords
Dolby Laboratories, Class A Common Stock, Schedule 13G, Beneficial Ownership, Bank of New York Mellon, BNY Mellon, Institutional Investor, SEC Filing
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