Shares of Universal Electronics Inc (NASDAQ:UEIC) have been given an average recommendation of “Hold” by the six brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $71.33.
UEIC has been the subject of a number of research analyst reports. BidaskClub lowered Universal Electronics from a “sell” rating to a “strong sell” rating in a research note on Friday, January 19th. B. Riley reaffirmed a “buy” rating and issued a $73.00 price target on shares of Universal Electronics in a research note on Tuesday, February 20th. Finally, Zacks Investment Research lowered Universal Electronics from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 3rd.
In other Universal Electronics news, EVP David Cheung Hyen Chong sold 3,500 shares of the firm’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $51.80, for a total transaction of $181,300.00. Following the completion of the transaction, the executive vice president now owns 25,649 shares of the company’s stock, valued at $1,328,618.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard A. Firehammer, Jr. sold 2,817 shares of the firm’s stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $52.35, for a total value of $147,469.95. The disclosure for this sale can be found here. Insiders sold 16,317 shares of company stock valued at $829,170 in the last ninety days. 5.94% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. Hartland & Co. LLC increased its holdings in shares of Universal Electronics by 5.9% during the fourth quarter. Hartland & Co. LLC now owns 22,495 shares of the technology company’s stock valued at $1,063,000 after acquiring an additional 1,250 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Universal Electronics by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 184,108 shares of the technology company’s stock valued at $11,672,000 after acquiring an additional 1,315 shares in the last quarter. Stoneridge Investment Partners LLC increased its holdings in shares of Universal Electronics by 18.4% during the fourth quarter. Stoneridge Investment Partners LLC now owns 9,367 shares of the technology company’s stock valued at $443,000 after acquiring an additional 1,459 shares in the last quarter. First Mercantile Trust Co. increased its holdings in shares of Universal Electronics by 83.7% during 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. Finally, OppenheimerFunds Inc. increased its holdings in shares of Universal Electronics by 21.2% during the fourth quarter. OppenheimerFunds Inc. now owns 9,747 shares of the technology company’s stock valued at $460,000 after acquiring an additional 1,703 shares in the last quarter. 95.99% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:UEIC traded down $0.20 during trading on Wednesday, reaching $49.10. 11,233 shares of the company traded hands, compared to its average volume of 84,210. The firm has a market cap of $695.15, a PE ratio of 17.70, a price-to-earnings-growth ratio of 1.80 and a beta of 1.23. Universal Electronics has a 52-week low of $41.95 and a 52-week high of $72.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.74 and a current ratio of 1.22.
Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. Universal Electronics had a positive return on equity of 11.65% and a negative net margin of 1.48%. The firm had revenue of $181.15 million during the quarter, compared to analyst estimates of $175.42 million. During the same quarter in the prior year, the firm posted $0.74 earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. research analysts predict that Universal Electronics will post 1.83 EPS for the current year.
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About Universal Electronics
Universal Electronics Inc develops and manufactures pre-programmed and universal control products, audio-video (AV) accessories, software and intelligent wireless security products, and sensing and automation components for home entertainment and automation systems. The company offers universal infrared and radio frequency (RF) remote controls; integrated circuits on which its software and universal device control database is embedded; and software, firmware, and technology solutions that enable devices, including televisions, set-top boxes, audio systems, smartphones, tablets, game controllers, and other consumer electronic devices to wirelessly connect and interact with home networks, as well as interactive services to control and deliver digital entertainment and information.
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