Universal Electronics Inc (NASDAQ:UEIC) has been given a consensus rating of “Hold” by the six ratings firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $42.00.

A number of research analysts have issued reports on UEIC shares. Zacks Investment Research downgraded shares of Universal Electronics from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 25th. Piper Jaffray Companies downgraded shares of Universal Electronics from an “overweight” rating to a “neutral” rating in a research report on Friday, May 4th. B. Riley downgraded shares of Universal Electronics from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $75.00 to $46.00 in a research report on Friday, May 4th. ValuEngine downgraded shares of Universal Electronics from a “sell” rating to a “strong sell” rating in a research report on Friday, May 4th. Finally, TheStreet downgraded shares of Universal Electronics from a “c-” rating to a “d+” rating in a research report on Monday, June 4th.

Shares of Universal Electronics stock opened at $42.10 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.84 and a debt-to-equity ratio of 0.04. The firm has a market cap of $582.97 million, a price-to-earnings ratio of 14.98, a P/E/G ratio of 14.05 and a beta of 1.11. Universal Electronics has a 12-month low of $26.97 and a 12-month high of $67.44.

Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings data on Thursday, August 2nd. The technology company reported $0.38 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.38. The business had revenue of $162.52 million for the quarter, compared to the consensus estimate of $161.15 million. Universal Electronics had a net margin of 1.02% and a return on equity of 15.77%. analysts forecast that Universal Electronics will post 0.2 earnings per share for the current year.

In other Universal Electronics news, insider Menno Koopmans sold 1,000 shares of the business’s stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $30.30, for a total transaction of $30,300.00. Following the transaction, the insider now directly owns 1,633 shares of the company’s stock, valued at approximately $49,479.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.97% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in UEIC. Foundry Partners LLC purchased a new stake in shares of Universal Electronics in the 2nd quarter worth about $8,135,000. Investment Counselors of Maryland LLC purchased a new stake in shares of Universal Electronics in the 2nd quarter worth about $5,241,000. Lapides Asset Management LLC purchased a new stake in shares of Universal Electronics in the 2nd quarter worth about $4,842,000. BlackRock Inc. grew its position in shares of Universal Electronics by 8.0% in the 2nd quarter. BlackRock Inc. now owns 1,959,067 shares of the technology company’s stock worth $64,749,000 after buying an additional 144,305 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Universal Electronics by 19.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 843,283 shares of the technology company’s stock worth $27,871,000 after buying an additional 135,359 shares during the period.

Universal Electronics Company Profile

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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