Universal Electronics (NASDAQ:UEIC) Upgraded at StockNews.com

StockNews.com upgraded shares of Universal Electronics (NASDAQ:UEIC) from a hold rating to a buy rating in a research report released on Tuesday.

Separately, B. Riley lifted their price target on Universal Electronics from $10.50 to $11.00 and gave the stock a neutral rating in a report on Monday, May 6th.

Universal Electronics Trading Up 0.6 %

NASDAQ:UEIC opened at $9.02 on Tuesday. The business’s 50-day moving average is $10.52 and its 200 day moving average is $10.55. Universal Electronics has a 12 month low of $7.02 and a 12 month high of $14.20. The company has a market capitalization of $117.08 million, a P/E ratio of -2.56 and a beta of 1.14.

Universal Electronics (NASDAQ:UEIC) last released its earnings results on Thursday, August 8th. The technology company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). The business had revenue of $90.45 million for the quarter, compared to the consensus estimate of $94.86 million. Universal Electronics had a negative net margin of 11.19% and a negative return on equity of 19.41%. On average, research analysts forecast that Universal Electronics will post -0.31 earnings per share for the current year.

Hedge Funds Weigh In On Universal Electronics

Institutional investors have recently added to or reduced their stakes in the business. AMH Equity Ltd lifted its holdings in Universal Electronics by 23.0% in the 1st quarter. AMH Equity Ltd now owns 491,968 shares of the technology company’s stock worth $4,925,000 after buying an additional 91,968 shares in the last quarter. Quadrature Capital Ltd lifted its stake in Universal Electronics by 4.9% during the fourth quarter. Quadrature Capital Ltd now owns 41,085 shares of the technology company’s stock worth $387,000 after purchasing an additional 1,936 shares during 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 worth $546,000 after purchasing an additional 3,873 shares during the period. Vanguard Group Inc. lifted its position in shares of Universal Electronics by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 555,163 shares of the technology company’s stock worth $5,557,000 after buying an additional 7,994 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of Universal Electronics by 26.7% in the 4th quarter. First Eagle Investment Management LLC now owns 196,079 shares of the technology company’s stock worth $1,841,000 after buying an additional 41,352 shares during the last quarter. 79.35% of the stock is currently owned by institutional investors and hedge funds.

About Universal Electronics

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.