Universal Electronics (NASDAQ:UEIC) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Universal Electronics (NASDAQ:UEIC) from a buy rating to a hold rating in a research note published on Saturday morning.

Separately, Weiss Ratings cut shares of Universal Electronics from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $5.75.

Universal Electronics Trading Up 1.5%

Shares of UEIC opened at $4.02 on Friday. Universal Electronics has a 12 month low of $2.69 and a 12 month high of $7.50. The firm’s 50 day moving average is $4.17 and its 200-day moving average is $3.80. The stock has a market capitalization of $50.77 million, a PE ratio of -2.68 and a beta of 1.23.

Universal Electronics (NASDAQ:UEIC) last announced its earnings results on Monday, May 11th. The technology company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.07). Universal Electronics had a positive return on equity of 0.41% and a negative net margin of 5.54%.The business had revenue of $79.04 million for the quarter, compared to the consensus estimate of $73.86 million. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Institutional Investors Weigh In On Universal Electronics

Several hedge funds have recently modified their holdings of UEIC. Kent Lake PR LLC boosted its holdings in shares of Universal Electronics by 17.2% during the 2nd quarter. Kent Lake PR LLC now owns 1,260,642 shares of the technology company’s stock valued at $8,345,000 after acquiring an additional 185,014 shares in the last quarter. Peapod Lane Capital LLC boosted its holdings in shares of Universal Electronics by 130.9% during the 3rd quarter. Peapod Lane Capital LLC now owns 291,164 shares of the technology company’s stock valued at $1,357,000 after acquiring an additional 165,079 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Universal Electronics by 23.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 875,458 shares of the technology company’s stock valued at $5,796,000 after acquiring an additional 164,617 shares in the last quarter. AMH Equity Ltd boosted its holdings in shares of Universal Electronics by 10.9% during the 3rd quarter. AMH Equity Ltd now owns 800,000 shares of the technology company’s stock valued at $3,728,000 after acquiring an additional 78,727 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Universal Electronics by 44.3% during the 4th quarter. First Eagle Investment Management LLC now owns 240,148 shares of the technology company’s stock valued at $867,000 after acquiring an additional 73,712 shares in the last quarter. Institutional investors and hedge funds own 79.35% of the company’s stock.

About Universal Electronics

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.