Universal Electronics (NASDAQ:UEIC) Raised to “Hold” at Zacks Research

Universal Electronics (NASDAQ:UEIC) was upgraded by Zacks Research to a “hold” rating in a report issued on Monday, Zacks reports.

UEIC has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Universal Electronics in a report on Friday, September 18th. Rosenblatt Securities reissued a “neutral” rating and issued a $5.00 price target on shares of Universal Electronics in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded Universal Electronics to a “buy” rating in a research report on Saturday, September 12th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Universal Electronics presently has an average rating of “Reduce” and a consensus target price of $4.25.

Universal Electronics Trading Up 1.1%

Universal Electronics stock opened at $5.55 on Monday. Universal Electronics has a 1 year low of $2.69 and a 1 year high of $5.99. The company has a market cap of $71.51 million, a PE ratio of -4.78 and a beta of 1.19. The company’s 50-day moving average is $4.96 and its two-hundred day moving average is $4.51.

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

Insider Activity

In other Universal Electronics news, major shareholder Toro 18 Holdings Llc sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $5.22, for a total transaction of $1,044,000.00. Following the sale, the insider directly owned 1,344,647 shares in the company, valued at approximately $7,019,057.34. This trade represents a 12.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders sold 442,815 shares of company stock valued at $2,201,304. 17.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Universal Electronics

Large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Universal Electronics in the second quarter worth $1,860,000. Renaissance Technologies LLC grew its position in 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 purchasing an additional 3,071 shares in the last quarter. Empowered Funds LLC acquired a new stake in Universal Electronics in the 2nd quarter valued at $349,000. Marquette Asset Management LLC bought a new stake in Universal Electronics during the 2nd quarter worth about $303,000. Finally, Man Group plc bought a new stake in Universal Electronics during the 2nd quarter worth about $241,000. Institutional investors own 79.35% of the company’s stock.

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.