Universal Electronics Inc. (UEIC) Receives Consensus Rating of “Hold” from Analysts

Universal Electronics Inc. (NASDAQ:UEIC) has received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $72.67.

A number of analysts have issued reports on the stock. B. Riley set a $77.00 price objective on shares of Universal Electronics and gave the company a “buy” rating in a report on Tuesday, October 31st. ValuEngine raised shares of Universal Electronics from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. BidaskClub downgraded shares of Universal Electronics from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 5th. Zacks Investment Research raised shares of Universal Electronics from a “hold” rating to a “strong-buy” rating and set a $73.00 price objective for the company in a report on Tuesday, October 3rd. Finally, Piper Jaffray Companies cut their price objective on shares of Universal Electronics to $70.00 and set an “overweight” rating for the company in a report on Friday, November 3rd.

Shares of Universal Electronics (NASDAQ:UEIC) opened at $47.90 on Thursday. The company has a quick ratio of 0.80, a current ratio of 1.34 and a debt-to-equity ratio of 0.05. The stock has a market cap of $687.39, a PE ratio of 22.25, a price-to-earnings-growth ratio of 1.52 and a beta of 1.52. Universal Electronics has a twelve month low of $47.75 and a twelve month high of $74.85.

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

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

Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its position in Universal Electronics by 86.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 17,406 shares of the technology company’s stock worth $1,163,000 after purchasing an additional 8,093 shares in the last quarter. Russell Investments Group Ltd. increased its position in Universal Electronics by 14.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 27,019 shares of the technology company’s stock worth $1,806,000 after purchasing an additional 3,496 shares in the last quarter. Howland Capital Management LLC acquired a new position in Universal Electronics during the 3rd quarter worth approximately $824,000. Renaissance Technologies LLC acquired a new position in Universal Electronics during the 1st quarter worth approximately $2,036,000. Finally, BNP Paribas Arbitrage SA increased its position in Universal Electronics by 45.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,436 shares of the technology company’s stock worth $363,000 after purchasing an additional 1,688 shares in 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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