Ray Dalio Was Wrong About These 5 Stocks

In this article, we discuss the 5 stocks that Ray Dalio was wrong about. If you want to read about some more stocks that Ray Dalio was wrong about, go directly to Ray Dalio Was Wrong About These 10 Stocks. 

5. Dolby Laboratories, Inc. (NYSE:DLB)

Number of Hedge Fund Holders: 22  

Percentage Decline in Share Price (YTD): 18.79% 

Dolby Laboratories, Inc. (NYSE:DLB) markets audio and imaging technologies. Regulatory filings indicate that Bridgewater Associates owned over 5,800 shares of Dolby Laboratories, Inc. (NYSE:DLB) at the end of March 2022 worth $455,000, representing a small portion of the portfolio.  

On May 12, Barrington analyst James Goss kept an Outperform rating on Dolby Laboratories, Inc. (NYSE:DLB) stock and lowered the price target to $90 from $115, noting that the firm was facing some near-term challenges related to shipments. 

At the end of the first quarter of 2022, 22 hedge funds in the database of Insider Monkey held stakes worth $408 million in Dolby Laboratories, Inc. (NYSE:DLB), compared to 26 in the previous quarter worth $572 million.

In its Q1 2022 investor letter, Aristotle Capital Management, an asset management firm, highlighted a few stocks and Dolby Laboratories, Inc. (NYSE:DLB) was one of them. Here is what the fund said:

“Founded in 1965 and headquartered in San Francisco, Dolby Laboratories, Inc. (NYSE:DLB) designs and manufactures audio and visual products. Its technology makes images brighter, colors further refined and the audio experience more immersive by providing an enhanced ability to pinpoint the placement and volume of specific sounds. Products that utilize Dolby’s technology span both commercial and home theaters, televisions, sound bars, computers and mobile devices.

The company partners with music artists, movie directors and other content creators, teaching them how to properly leverage Dolby’s suite of products to create next-generation productions. Dolby Laboratories, Inc. (NYSE:DLB) generates revenue by licensing its technologies to software vendors and over 500 electronics manufacturers, the likes of which include Sony (SONY), Microsoft (MSFT), Samsung (OTC:SSNLF) and Apple (AAPL). The company’s end markets consist of Broadcast (39% of licensing revenue), Mobile (22%), Consumer Electronics (15%), PC (12%) and Other (12%). (Click here to read full text)