Universal Electronics Inc. (NASDAQ:UEIC) has received an average rating of “Hold” from the seven analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $72.67.
UEIC has been the topic of a number of recent research reports. BidaskClub cut shares of Universal Electronics from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut shares of Universal Electronics from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 5th. ValuEngine upgraded shares of Universal Electronics from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Piper Jaffray Companies dropped their price target on shares of Universal Electronics to $70.00 and set an “overweight” rating on the stock in a research note on Friday, November 3rd. Finally, B. Riley set a $77.00 price target on shares of Universal Electronics and gave the company a “buy” rating in a research note on Tuesday, October 31st.
Universal Electronics (NASDAQ UEIC) opened at $52.55 on Friday. Universal Electronics has a 52-week low of $48.50 and a 52-week high of $74.85. The firm has a market cap of $751.78, a P/E ratio of 24.33, a PEG ratio of 1.66 and a beta of 1.59. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.80 and a current ratio of 1.34.
Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.04). The business had revenue of $175.51 million for the quarter, compared to analysts’ expectations of $182.53 million. Universal Electronics had a net margin of 1.45% and a return on equity of 11.27%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. sell-side analysts anticipate that Universal Electronics will post 2.11 earnings per share for the current fiscal year.
In other Universal Electronics news, Director Gregory Stapleton sold 10,000 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $60.31, for a total value of $603,100.00. Following the sale, the director now directly owns 35,726 shares in the company, valued at approximately $2,154,635.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William C. Mulligan bought 5,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was purchased at an average price of $55.91 per share, for a total transaction of $279,550.00. Following the completion of the purchase, the director now directly owns 17,966 shares in the company, valued at $1,004,479.06. The disclosure for this purchase can be found here. Corporate insiders own 5.82% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of UEIC. Victory Capital Management Inc. lifted its stake in Universal Electronics by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,962 shares of the technology company’s stock worth $131,000 after purchasing an additional 295 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Universal Electronics by 79.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,858 shares of the technology company’s stock worth $191,000 after purchasing an additional 1,268 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in Universal Electronics in the 2nd quarter worth approximately $209,000. PNC Financial Services Group Inc. lifted its stake in Universal Electronics by 1.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,144 shares of the technology company’s stock worth $278,000 after purchasing an additional 75 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in Universal Electronics in the 3rd quarter worth approximately $291,000. Institutional investors and hedge funds own 95.37% of the company’s stock.
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About Universal Electronics
Universal Electronics Inc (UEI) develops control and sensor technology solutions and manufactures a line of pre-programmed and universal remote control products, audio-video (AV) accessories, and intelligent wireless security and automation components. The Company’s offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls that are sold primarily to subscription broadcasting providers, original equipment manufacturers (OEMs), retailers, and private label customers, and integrated circuits, on which its software and universal device control database is embedded, sold primarily to OEMs, subscription broadcasting providers, and private label customers.
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