Universal Electronics (NASDAQ:UEIC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Universal Electronics (NASDAQ:UEIC) to a buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

A number of other research analysts have also weighed in on UEIC. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $5.00 price target on shares of Universal Electronics in a research note on Friday, August 7th. Weiss Ratings raised shares of Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $4.25.

Universal Electronics Price Performance

NASDAQ UEIC opened at $4.79 on Friday. Universal Electronics has a one year low of $2.69 and a one year high of $5.99. The firm has a market cap of $61.74 million, a P/E ratio of -4.13 and a beta of 1.18. The stock’s 50-day moving average is $4.74 and its 200-day moving average is $4.35.

Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.31. Universal Electronics had a positive return on equity of 2.70% and a negative net margin of 4.57%.The business had revenue of $73.24 million during the quarter, compared to analyst estimates of $78.13 million. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Universal Electronics Announces Dividend

The company also recently announced a special dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, August 24th will be paid a $0.24 dividend. The ex-dividend date is Monday, August 24th.

Insider Activity

In other news, insider Toro 18 Holdings Llc sold 105,541 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $4.63, for a total value of $488,654.83. Following the sale, the insider owned 1,101,832 shares of the company’s stock, valued at $5,101,482.16. The trade was a 8.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 442,815 shares of company stock valued at $2,201,304 in the last 90 days. 17.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Universal Electronics

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Universal Electronics in the 2nd quarter valued at about $1,860,000. Renaissance Technologies LLC increased its position in shares of Universal Electronics by 1.4% in the first quarter. Renaissance Technologies LLC now owns 215,723 shares of the technology company’s stock valued at $889,000 after acquiring an additional 3,071 shares during the last quarter. Empowered Funds LLC bought a new stake in Universal Electronics during the second quarter worth about $349,000. Marquette Asset Management LLC acquired a new position in Universal Electronics during the second quarter valued at approximately $303,000. Finally, Man Group plc acquired a new position in Universal Electronics during the second quarter valued at approximately $241,000. 79.35% of the stock is owned by institutional investors.

Universal Electronics Company 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.