Universal Electronics (NASDAQ:UEIC) has been given a $73.00 price objective by investment analysts at B. Riley in a research note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the technology company’s stock. B. Riley’s target price would indicate a potential upside of 64.97% from the stock’s current price.
UEIC has been the topic of a number of other reports. BidaskClub downgraded shares of Universal Electronics from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 5th. Zacks Investment Research upgraded shares of Universal Electronics from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Finally, Piper Jaffray Companies dropped their price objective on shares of Universal Electronics to $70.00 and set an “overweight” rating on the stock in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Universal Electronics has a consensus rating of “Hold” and a consensus target price of $71.75.
Universal Electronics (UEIC) opened at $44.25 on Tuesday. 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 has a one year low of $41.95 and a one year high of $74.10. The stock has a market cap of $641.61, a P/E ratio of 66.05, a PEG ratio of 0.80 and a beta of 1.50.
In other news, Director J C. Sparkman bought 2,000 shares of the stock in a transaction on Friday, December 15th. The stock was bought at an average cost of $47.50 per share, for a total transaction of $95,000.00. Following the completion of the purchase, the director now directly owns 41,871 shares in the company, valued at $1,988,872.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Louis Sylvester Hughes sold 925 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $53.58, for a total transaction of $49,561.50. Following the completion of the sale, the chief operating officer now owns 1,502 shares of the company’s stock, valued at $80,477.16. The disclosure for this sale can be found here. 5.94% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. First Mercantile Trust Co. boosted its stake in Universal Electronics by 83.7% in the fourth quarter. First Mercantile Trust Co. now owns 3,651 shares of the technology company’s stock valued at $173,000 after acquiring an additional 1,664 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Universal Electronics by 40.7% in the 3rd quarter. Victory Capital Management Inc. now owns 2,760 shares of the technology company’s stock valued at $175,000 after purchasing an additional 798 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in Universal Electronics in the 2nd quarter valued at about $209,000. Teacher Retirement System of Texas acquired a new position in Universal Electronics in the 4th quarter valued at about $235,000. Finally, MetLife Investment Advisors LLC acquired a new position in Universal Electronics in the 4th quarter valued at about $285,000. Institutional investors own 95.99% of the company’s stock.
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Universal Electronics Company Profile
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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