Universal Electronics Inc (UEIC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Universal Electronics Inc (NASDAQ:UEIC) have earned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $43.00.

Several equities analysts have weighed in on the stock. B. Riley set a $42.00 target price on shares of Universal Electronics and gave the company a “hold” rating in a report on Friday, August 3rd. Sidoti lowered shares of Universal Electronics from a “buy” rating to a “neutral” rating and set a $44.00 target price on the stock. in a report on Tuesday, September 4th. TheStreet upgraded shares of Universal Electronics from a “d+” rating to a “c” rating in a report on Friday, August 3rd. BidaskClub lowered shares of Universal Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, September 5th. Finally, ValuEngine upgraded shares of Universal Electronics from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd.

In other news, insider Richard A. Firehammer, Jr. sold 4,032 shares of the company’s stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of $40.07, for a total value of $161,562.24. Following the transaction, the insider now directly owns 4,032 shares in the company, valued at approximately $161,562.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.97% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new position in shares of Universal Electronics in the 2nd quarter worth approximately $109,000. SG Americas Securities LLC acquired a new position in shares of Universal Electronics in the 2nd quarter worth approximately $166,000. KBC Group NV acquired a new position in shares of Universal Electronics in the 2nd quarter worth approximately $205,000. Ingalls & Snyder LLC acquired a new position in shares of Universal Electronics in the 3rd quarter worth approximately $220,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Universal Electronics in the 2nd quarter worth approximately $234,000.

NASDAQ:UEIC traded up $5.13 on Friday, hitting $36.80. The stock had a trading volume of 322,876 shares, compared to its average volume of 84,372. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.33 and a quick ratio of 0.84. The firm has a market capitalization of $453.79 million, a price-to-earnings ratio of 11.05, a PEG ratio of 10.94 and a beta of 1.32. Universal Electronics has a 1-year low of $26.97 and a 1-year high of $56.35.

Universal Electronics (NASDAQ:UEIC) last posted its earnings results on Thursday, November 8th. The technology company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.33. The company had revenue of $182.72 million for the quarter, compared to analyst estimates of $184.11 million. Universal Electronics had a net margin of 1.02% and a return on equity of 15.77%. As a group, equities analysts anticipate that Universal Electronics will post 0.2 earnings per share for the current fiscal year.

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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