A number of other brokerages have also recently issued reports on UEIC. Zacks Investment Research cut Universal Electronics from a buy rating to a hold rating in a report on Friday, July 5th. ValuEngine cut Universal Electronics from a strong-buy rating to a buy rating in a report on Thursday, June 6th. Sidoti upgraded Universal Electronics from a neutral rating to a buy rating and lifted their target price for the stock from $41.00 to $48.00 in a report on Monday, June 10th. Finally, B. Riley set a $53.00 target price on Universal Electronics and gave the stock a buy rating in a report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $50.00.
UEIC opened at $40.10 on Friday. Universal Electronics has a one year low of $23.29 and a one year high of $47.21. The company has a quick ratio of 0.83, a current ratio of 1.35 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average price of $41.24. The company has a market cap of $533.43 million, a P/E ratio of 47.18, a PEG ratio of 1.81 and a beta of 1.34.
Several hedge funds have recently modified their holdings of UEIC. BlackRock Inc. raised its holdings in Universal Electronics by 2.4% in the 4th quarter. BlackRock Inc. now owns 2,055,467 shares of the technology company’s stock valued at $51,963,000 after buying an additional 47,347 shares during the period. Bank of New York Mellon Corp raised its holdings in Universal Electronics by 1.3% in the 4th quarter. Bank of New York Mellon Corp now owns 172,226 shares of the technology company’s stock valued at $4,354,000 after buying an additional 2,165 shares during the period. Dimensional Fund Advisors LP raised its holdings in Universal Electronics by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 909,272 shares of the technology company’s stock valued at $22,986,000 after buying an additional 22,427 shares during the period. Stifel Financial Corp raised its holdings in Universal Electronics by 4.6% in the 4th quarter. Stifel Financial Corp now owns 12,650 shares of the technology company’s stock valued at $318,000 after buying an additional 558 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Universal Electronics by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 158,374 shares of the technology company’s stock valued at $4,003,000 after buying an additional 6,401 shares during the period.
About Universal Electronics
Universal Electronics Inc develops and manufactures pre-programmed and universal control products, audio-video (AV) accessories, software and intelligent wireless security products, and sensing and automation components for home entertainment and automation systems. The company offers universal infrared and radio frequency (RF) remote controls; integrated circuits on which its software and universal device control database is embedded; and software, firmware, and technology solutions that enable devices, including televisions, set-top boxes, audio systems, smartphones, tablets, game controllers, and other consumer electronic devices to wirelessly connect and interact with home networks, as well as interactive services to control and deliver digital entertainment and information.
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