Universal Electronics Inc (NASDAQ:UEIC) has received an average rating of “Buy” from the seven research firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $41.33.
A number of brokerages recently issued reports on UEIC. Zacks Investment Research raised Universal Electronics from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Saturday, February 23rd. BidaskClub raised Universal Electronics from a “sell” rating to a “hold” rating in a research note on Saturday, February 23rd. ValuEngine raised Universal Electronics from a “sell” rating to a “hold” rating in a research note on Saturday, February 23rd. B. Riley set a $42.00 price target on Universal Electronics and gave the stock a “buy” rating in a research note on Friday, February 22nd. Finally, Sidoti set a $49.00 price target on Universal Electronics and gave the stock a “buy” rating in a research note on Friday, February 22nd.
Get Universal Electronics alerts:Shares of NASDAQ:UEIC traded up $0.07 during trading on Friday, hitting $32.27. The company had a trading volume of 59,600 shares, compared to its average volume of 142,294. The firm has a market capitalization of $440.41 million, a price-to-earnings ratio of 37.96, a PEG ratio of 1.45 and a beta of 1.60. Universal Electronics has a one year low of $23.29 and a one year high of $55.45. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.37 and a quick ratio of 0.87.
Universal Electronics (NASDAQ:UEIC) last issued its quarterly 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). Universal Electronics had a return on equity of 4.40% and a net margin of 1.75%. The business had revenue of $170.30 million for the quarter, compared to the consensus estimate of $184.01 million. As a group, 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 Universal Electronics stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $33.61, for a total transaction of $33,979.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Cheung Hyen Chong sold 2,000 shares of Universal Electronics stock in a transaction on Friday, March 8th. The shares were sold at an average price of $31.88, for a total value 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 hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in Universal Electronics by 2.4% during the 4th quarter. BlackRock Inc. now owns 2,055,467 shares of the technology company’s stock valued at $51,963,000 after purchasing an additional 47,347 shares in the last quarter. William Blair Investment Management LLC raised its position in Universal Electronics by 7.3% during the 3rd quarter. William Blair Investment Management LLC now owns 1,887,302 shares of the technology company’s stock valued at $74,265,000 after purchasing an additional 128,384 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Universal Electronics by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 909,272 shares of the technology company’s stock valued at $22,986,000 after purchasing an additional 22,427 shares in the last quarter. Vanguard Group Inc raised its position in Universal Electronics by 12.5% during the 3rd quarter. Vanguard Group Inc now owns 825,686 shares of the technology company’s stock valued at $32,490,000 after purchasing an additional 91,535 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Universal Electronics by 12.5% during the 3rd quarter. Vanguard Group Inc. now owns 825,686 shares of the technology company’s stock valued at $32,490,000 after purchasing an additional 91,535 shares in the last quarter.
Universal Electronics Company Profile
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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