Universal Electronics (NASDAQ:UEIC) Upgraded at Zacks Research

Zacks Research upgraded shares of Universal Electronics (NASDAQ:UEIC) to a hold rating in a research report report published on Monday,Zacks reports.

Other analysts have also issued research reports about the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Universal Electronics in a research report on Friday, September 18th. Wall Street Zen upgraded Universal Electronics to a “buy” rating in a report on Saturday, September 12th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $5.00 price target on shares of Universal Electronics in a report on Friday, August 7th. 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 presently has a consensus rating of “Reduce” and an average price target of $4.25.

Universal Electronics Stock Performance

Universal Electronics stock opened at $5.50 on Monday. The company’s 50 day simple moving average is $4.97 and its 200-day simple moving average is $4.52. Universal Electronics has a 1 year low of $2.69 and a 1 year high of $5.99. The company has a market capitalization of $70.89 million, a price-to-earnings ratio of -4.74 and a beta of 1.19.

Universal Electronics (NASDAQ:UEIC) last posted 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. The firm had revenue of $73.24 million for the quarter, compared to the consensus estimate of $78.13 million. Universal Electronics had a positive return on equity of 2.70% and a negative net margin of 4.57%.Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS. Equities analysts expect that Universal Electronics will post 0.25 earnings per share for the current year.

Universal Electronics Announces Dividend

The business also recently declared a special dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, August 24th will be given a $0.24 dividend. The ex-dividend date of this dividend is 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 firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $5.22, for a total transaction of $1,044,000.00. Following the transaction, the insider owned 1,344,647 shares of the company’s stock, valued at approximately $7,019,057.34. This trade represents 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. Insiders have sold a total of 442,815 shares of company stock valued at $2,201,304 in the last three months. Corporate insiders own 17.10% of the company’s stock.

Institutional Trading of Universal Electronics

Several institutional investors and hedge funds have recently made changes to their positions in the company. Empowered Funds LLC acquired a new position in Universal Electronics during the second quarter worth $349,000. Man Group plc acquired a new stake in Universal Electronics in the second quarter valued at $241,000. Hsbc Holdings PLC acquired a new stake in Universal Electronics in the second quarter valued at $108,000. BlackRock Inc. purchased a new stake in shares of Universal Electronics during the 2nd quarter worth $1,860,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Universal Electronics during the 2nd quarter worth $83,000. 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.