Universal Electronics Inc (NASDAQ:UEIC) has earned a consensus rating of “Buy” from the seven research firms that are currently covering the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $77.81.

Several research firms have recently weighed in on UEIC. Lake Street Capital lowered their price objective on shares of Universal Electronics from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Friday, February 17th. B. Riley restated a “buy” rating and set a $77.25 price objective on shares of Universal Electronics in a research note on Friday, May 5th. Piper Jaffray Companies restated a “buy” rating and set a $77.00 price objective on shares of Universal Electronics in a research note on Monday, May 15th. Zacks Investment Research lowered shares of Universal Electronics from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Finally, TheStreet lowered shares of Universal Electronics from a “b” rating to a “c+” rating in a research note on Friday, February 17th.

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In other news, Director Edward K. Zinser sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $72.00, for a total transaction of $720,000.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $1,440,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.82% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of Universal Electronics during the fourth quarter valued at approximately $1,856,000. JPMorgan Chase & Co. increased its stake in shares of Universal Electronics by 108.5% in the third quarter. JPMorgan Chase & Co. now owns 13,420 shares of the technology company’s stock valued at $999,000 after buying an additional 6,985 shares during the last quarter. Comerica Bank increased its stake in shares of Universal Electronics by 6.1% in the fourth quarter. Comerica Bank now owns 15,556 shares of the technology company’s stock valued at $1,041,000 after buying an additional 897 shares during the last quarter. Guggenheim Capital LLC bought a new stake in shares of Universal Electronics during the fourth quarter valued at approximately $1,061,000. Finally, SG Americas Securities LLC bought a new stake in shares of Universal Electronics during the third quarter valued at approximately $326,000. 90.71% of the stock is owned by institutional investors and hedge funds.

Shares of Universal Electronics (NASDAQ:UEIC) remained flat at $62.85 on Friday. 4,016 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $66.52 and a 200 day moving average of $66.35. Universal Electronics has a 52-week low of $52.90 and a 52-week high of $80.42. The firm has a market capitalization of $907.05 million, a PE ratio of 52.37 and a beta of 1.78.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings data on Thursday, May 4th. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. The company had revenue of $162.30 million for the quarter, compared to analyst estimates of $158.77 million. Universal Electronics had a net margin of 4.05% and a return on equity of 16.85%. Universal Electronics’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 EPS. Equities analysts predict that Universal Electronics will post $3.35 EPS for the current year.

About Universal Electronics

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.

12 Month Chart for NASDAQ:UEIC

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