Universal Electronics (NASDAQ:UEIC – Get Free Report) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.
UEIC has been the subject of several other reports. B. Riley lifted their target price on Universal Electronics from $10.50 to $11.00 and gave the company a “neutral” rating in a research report on Monday, May 6th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $15.00 target price on shares of Universal Electronics in a research report on Friday, May 3rd.
Check Out Our Latest Research Report on UEIC
Universal Electronics Stock Down 1.0 %
Hedge Funds Weigh In On Universal Electronics
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quadrature Capital Ltd boosted its stake in shares of Universal Electronics by 4.9% in the 4th quarter. Quadrature Capital Ltd now owns 41,085 shares of the technology company’s stock valued at $387,000 after buying an additional 1,936 shares during the period. Empowered Funds LLC boosted its holdings in Universal Electronics by 8.0% in the first quarter. Empowered Funds LLC now owns 37,956 shares of the technology company’s stock valued at $380,000 after purchasing an additional 2,800 shares in the last quarter. Trexquant Investment LP boosted its holdings in Universal Electronics by 7.1% in the fourth quarter. Trexquant Investment LP now owns 58,135 shares of the technology company’s stock valued at $546,000 after purchasing an additional 3,873 shares in the last quarter. Vanguard Group Inc. increased its stake in Universal Electronics by 1.5% in the first quarter. Vanguard Group Inc. now owns 555,163 shares of the technology company’s stock valued at $5,557,000 after purchasing an additional 7,994 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in Universal Electronics by 5.1% during the first quarter. First Eagle Investment Management LLC now owns 206,175 shares of the technology company’s stock worth $2,064,000 after purchasing an additional 10,096 shares in the last quarter. Hedge funds and other institutional investors own 79.35% of the company’s stock.
Universal Electronics Company Profile
Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People's Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.
Read More
- Five stocks we like better than Universal Electronics
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Why the Buy-and-Hold Strategy May Be Best for Most Investors
- Transportation Stocks Investing
- Eli Lilly’s Path to the Next Trillion Market Capitalization
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Mobileye Global: CEO Makes $10 Million Bet on Future Strength
Receive News & Ratings for Universal Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Electronics and related companies with MarketBeat.com's FREE daily email newsletter.