Universal Electronics Inc (UEIC) Receives Average Recommendation of “Buy” from Analysts

Universal Electronics Inc (NASDAQ:UEIC) has been given a consensus rating of “Buy” by the seven brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $41.33.

A number of analysts have recently issued reports on the company. B. Riley set a $42.00 target price on Universal Electronics and gave the company a “buy” rating in a report on Friday, February 22nd. Sidoti set a $49.00 target price on Universal Electronics and gave the company a “buy” rating in a report on Friday, February 22nd. Zacks Investment Research upgraded Universal Electronics from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Saturday, February 23rd. BidaskClub upgraded Universal Electronics from a “sell” rating to a “hold” rating in a report on Saturday, February 23rd. Finally, ValuEngine upgraded Universal Electronics from a “sell” rating to a “hold” rating in a report on Saturday, February 23rd.

Shares of UEIC traded up $1.24 during mid-day trading on Friday, reaching $33.64. The company’s stock had a trading volume of 133,290 shares, compared to its average volume of 142,138. The firm has a market capitalization of $447.31 million, a P/E ratio of 39.58, a PEG ratio of 1.79 and a beta of 1.59. Universal Electronics has a 1 year low of $23.29 and a 1 year high of $54.60. The company has a quick ratio of 0.84, a current ratio of 1.36 and a debt-to-equity ratio of 0.03.



Universal Electronics (NASDAQ:UEIC) last released its earnings results on Thursday, February 21st. The technology company reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.04). The business had revenue of $170.30 million during the quarter, compared to analysts’ expectations of $184.01 million. Universal Electronics had a net margin of 1.75% and a return on equity of 4.43%. On average, analysts expect that Universal Electronics will post 1.2 earnings per share for the current fiscal year.

In other Universal Electronics news, SVP Richard A. Firehammer, Jr. sold 1,011 shares of the stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $33.61, for a total transaction of $33,979.71. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David Cheung Hyen Chong sold 2,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $31.88, for a total transaction of $63,760.00. The disclosure for this sale can be found here. 5.97% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its position in Universal Electronics by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 158,374 shares of the technology company’s stock worth $4,003,000 after buying an additional 6,401 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Universal Electronics by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 909,272 shares of the technology company’s stock worth $22,986,000 after buying an additional 22,427 shares during the last quarter. Millennium Management LLC increased its position in Universal Electronics by 212.8% during the fourth quarter. Millennium Management LLC now owns 119,341 shares of the technology company’s stock worth $3,017,000 after buying an additional 81,193 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in Universal Electronics during the fourth quarter worth $101,000. Finally, Metropolitan Life Insurance Co. NY increased its position in Universal Electronics by 363.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,561 shares of the technology company’s stock worth $115,000 after buying an additional 3,577 shares during the last quarter.

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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