Universal Electronics Inc (NASDAQ:UEIC) has been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $72.67.

Several equities analysts have recently weighed in on UEIC shares. B. Riley set a $77.00 price objective on shares of Universal Electronics and gave the company a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research lowered shares of Universal Electronics from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 5th. Piper Jaffray Companies reduced their price objective on shares of Universal Electronics to $70.00 and set an “overweight” rating for the company in a research report on Friday, November 3rd. Finally, BidaskClub upgraded shares of Universal Electronics from a “strong sell” rating to a “sell” rating in a research report on Tuesday.

In other Universal Electronics news, insider David Cheung Hyen Chong sold 11,550 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $50.31, for a total value of $581,080.50. Following the completion of the transaction, the insider now directly owns 31,657 shares in the company, valued at $1,592,663.67. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Louis Sylvester Hughes sold 925 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $53.58, for a total transaction of $49,561.50. Following the completion of the transaction, the chief operating officer now owns 1,502 shares of the company’s stock, valued at $80,477.16. The disclosure for this sale can be found here. Company insiders own 5.94% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its holdings in shares of Universal Electronics by 17.7% in the second quarter. Victory Capital Management Inc. now owns 1,962 shares of the technology company’s stock worth $131,000 after buying an additional 295 shares during the period. Piedmont Investment Advisors LLC acquired a new position in shares of Universal Electronics in the second quarter worth about $209,000. PNC Financial Services Group Inc. boosted its holdings in shares of Universal Electronics by 1.8% in the second quarter. PNC Financial Services Group Inc. now owns 4,144 shares of the technology company’s stock worth $278,000 after buying an additional 75 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Universal Electronics in the third quarter worth about $291,000. Finally, Citadel Advisors LLC acquired a new position in shares of Universal Electronics in the second quarter worth about $337,000. Institutional investors own 96.66% of the company’s stock.

Universal Electronics (UEIC) traded up $0.60 during trading on Monday, reaching $48.45. 79,508 shares of the company’s stock traded hands, compared to its average volume of 81,851. The firm has a market cap of $683.10, a PE ratio of 73.41, a price-to-earnings-growth ratio of 0.88 and a beta of 1.53. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.80 and a current ratio of 1.34. Universal Electronics has a 52-week low of $46.05 and a 52-week high of $74.85.

Universal Electronics (NASDAQ:UEIC) last released its earnings results on Thursday, November 2nd. The technology company reported $0.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.04). The company had revenue of $175.51 million for the quarter, compared to analyst estimates of $182.53 million. Universal Electronics had a net margin of 1.45% and a return on equity of 11.27%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 EPS. equities research analysts anticipate that Universal Electronics will post 2.28 earnings per share for the current year.

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About Universal Electronics

Universal Electronics Inc (UEI) develops control and sensor technology solutions and manufactures a line of pre-programmed and universal remote control products, audio-video (AV) accessories, and intelligent wireless security and automation components. The Company’s offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls that are sold primarily to subscription broadcasting providers, original equipment manufacturers (OEMs), retailers, and private label customers, and integrated circuits, on which its software and universal device control database is embedded, sold primarily to OEMs, subscription broadcasting providers, and private label customers.

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