Universal Electronics (NASDAQ:UEIC) Stock Moved Up to “Strong-Buy” by Wall Street Zen

Wall Street Zen upgraded shares of Universal Electronics (NASDAQ:UEIC) from a buy rating to a strong-buy rating in a report released on Saturday,Wall Street Zen reports.

Several other equities analysts have also commented on the company. Rosenblatt Securities reiterated a “neutral” rating and set a $5.00 price objective on shares of Universal Electronics in a research report on Friday, August 7th. Zacks Research upgraded Universal Electronics to a “hold” rating in a research report on Monday, October 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Universal Electronics in a research report on Friday, September 18th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $4.25.

Universal Electronics Price Performance

Shares of NASDAQ:UEIC opened at $5.24 on Friday. The company’s fifty day moving average price is $5.03 and its 200-day moving average price is $4.61. The firm has a market capitalization of $67.54 million, a price-to-earnings ratio of -4.52 and a beta of 1.19. Universal Electronics has a one year low of $2.69 and a one year high of $5.99.

Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.31. Universal Electronics had a negative net margin of 4.57% and a positive return on equity of 2.70%. The firm had revenue of $73.24 million for the quarter, compared to analysts’ expectations of $78.13 million. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS. As a group, equities research analysts expect that Universal Electronics will post 0.25 EPS for the current year.

Universal Electronics Announces Dividend

The business also recently announced a special dividend, which was paid on Thursday, October 15th. Investors of record on Monday, August 24th were issued a dividend of $0.24 per share. The ex-dividend date was Monday, August 24th.

Insider Transactions at Universal Electronics

In other Universal Electronics news, major shareholder Toro 18 Holdings Llc sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $5.22, for a total value of $1,044,000.00. Following the completion of the sale, the insider owned 1,344,647 shares in the company, valued at approximately $7,019,057.34. The trade was a 12.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 442,815 shares of company stock worth $2,201,304. 17.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Universal Electronics during the second quarter valued at about $1,860,000. Renaissance Technologies LLC lifted its holdings in Universal Electronics by 1.4% in the 1st quarter. Renaissance Technologies LLC now owns 215,723 shares of the technology company’s stock worth $889,000 after buying an additional 3,071 shares during the period. Empowered Funds LLC purchased a new stake in Universal Electronics in the 2nd quarter worth approximately $349,000. Marquette Asset Management LLC purchased a new stake in Universal Electronics in the 2nd quarter worth approximately $303,000. Finally, Man Group plc bought a new stake in shares of Universal Electronics in the 2nd quarter worth approximately $241,000. 79.35% of the stock is owned by hedge funds and other institutional investors.

About Universal Electronics

Universal Electronics Inc (NASDAQ: UEIC) designs, develops, manufactures and distributes entertainment and smart-home control products. Its portfolio includes universal remote controls, replacement remotes, connected home-control solutions and related accessories used with televisions, streaming devices, audio equipment, set-top boxes and other consumer electronics.

The company serves consumers through retail and e-commerce channels and also works with consumer-electronics manufacturers, cable and satellite providers, telecommunications companies and other service providers.