Universal Electronics Inc. $UEIC Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its holdings in shares of Universal Electronics Inc. (NASDAQ:UEIC) by 377.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 232,589 shares of the technology company’s stock after purchasing an additional 183,836 shares during the period. Assenagon Asset Management S.A.’s holdings in Universal Electronics were worth $1,084,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Jump Financial LLC acquired a new stake in Universal Electronics during the 1st quarter worth about $68,000. Quadrature Capital Ltd bought a new stake in shares of Universal Electronics during the 2nd quarter worth about $82,000. Hsbc Holdings PLC bought a new stake in shares of Universal Electronics during the 1st quarter worth $118,000. Corton Capital Inc. bought a new position in shares of Universal Electronics in the second quarter worth about $192,000. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Universal Electronics by 62.7% in the first quarter. Cubist Systematic Strategies LLC now owns 32,502 shares of the technology company’s stock worth $199,000 after acquiring an additional 12,526 shares during the last quarter. 79.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UEIC has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Universal Electronics from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Universal Electronics in a report on Monday, December 15th. Finally, B. Riley reduced their target price on shares of Universal Electronics from $5.00 to $3.50 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $5.75.

Universal Electronics Stock Performance

Shares of NASDAQ UEIC opened at $3.14 on Thursday. Universal Electronics Inc. has a 52 week low of $2.69 and a 52 week high of $11.27. The stock has a 50 day moving average price of $3.45 and a 200 day moving average price of $4.87. The stock has a market capitalization of $41.91 million, a PE ratio of -1.88 and a beta of 1.39.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Universal Electronics had a negative return on equity of 0.68% and a negative net margin of 5.64%.The company had revenue of $90.55 million during the quarter, compared to analysts’ expectations of $96.07 million. Universal Electronics has set its Q4 2025 guidance at 0.010-0.110 EPS. As a group, research analysts forecast that Universal Electronics Inc. will post 0.17 EPS for the current year.

Universal Electronics Profile

Universal Electronics Inc (NASDAQ:UEIC) is a leading provider of sensing and control technologies for the smart home and consumer electronics markets. The company specializes in design, development and manufacturing of remote control devices, wireless connectivity modules and integrated sensing solutions. Its core expertise lies in infrared (IR) and radio frequency (RF) remote controls, voice-enabled control devices and universal remotes that allow consumers to manage multiple home entertainment and automation systems through a single interface.

In addition to traditional remote control products, Universal Electronics has expanded its portfolio to include Internet of Things (IoT) gateways, home-automation hubs and cloud-based management platforms.