Universal Electronics (NASDAQ:UEIC) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday.

Several other research firms also recently weighed in on UEIC. Zacks Investment Research downgraded shares of Universal Electronics from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 5th. Piper Jaffray Companies decreased their price target on shares of Universal Electronics to $70.00 and set an “overweight” rating on the stock in a research note on Friday, November 3rd. B. Riley set a $77.00 target price on shares of Universal Electronics and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Finally, ValuEngine raised shares of Universal Electronics from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $72.75.

Universal Electronics (UEIC) traded down $1.15 during trading hours on Tuesday, hitting $48.15. 73,612 shares of the stock traded hands, compared to its average volume of 72,636. The company has a current ratio of 1.34, a quick ratio of 0.80 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $688.83, a P/E ratio of 22.29, a P/E/G ratio of 1.52 and a beta of 1.52. Universal Electronics has a 12-month low of $48.00 and a 12-month high of $74.85.

Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.81 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.04). The business had revenue of $175.51 million during the quarter, compared to analysts’ expectations of $182.53 million. Universal Electronics had a return on equity of 11.27% and a net margin of 1.45%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. analysts expect that Universal Electronics will post 2.11 earnings per share for the current year.

In other Universal Electronics news, Director Gregory Stapleton sold 10,000 shares of Universal Electronics stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $60.31, for a total transaction of $603,100.00. Following the transaction, the director now directly owns 35,726 shares of the company’s stock, valued at $2,154,635.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Cheung Hyen Chong sold 11,550 shares of Universal Electronics stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $50.31, for a total transaction of $581,080.50. Following the sale, the insider now owns 31,657 shares of the company’s stock, valued at $1,592,663.67. The disclosure for this sale can be found here. Insiders have sold 22,475 shares of company stock worth $1,233,742 over the last ninety days. 5.94% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Segall Bryant & Hamill LLC increased its position in shares of Universal Electronics by 77.3% during the third quarter. Segall Bryant & Hamill LLC now owns 145,204 shares of the technology company’s stock valued at $9,206,000 after acquiring an additional 63,297 shares during the last quarter. Formula Growth Ltd. increased its position in shares of Universal Electronics by 21.7% during the third quarter. Formula Growth Ltd. now owns 28,000 shares of the technology company’s stock valued at $1,775,000 after acquiring an additional 5,000 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Universal Electronics by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 597,067 shares of the technology company’s stock valued at $37,854,000 after acquiring an additional 5,030 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Universal Electronics by 21.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 82,216 shares of the technology company’s stock valued at $5,213,000 after acquiring an additional 14,352 shares during the last quarter. Finally, Hartland & Co. LLC increased its position in shares of Universal Electronics by 41.7% during the third quarter. Hartland & Co. LLC now owns 21,245 shares of the technology company’s stock valued at $1,347,000 after acquiring an additional 6,250 shares during the last quarter. Institutional investors and hedge funds own 96.69% of the company’s stock.

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Universal Electronics Company Profile

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.

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