Universal Electronics (NASDAQ:UEIC) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

UEIC has been the subject of a number of other research reports. B. Riley raised shares of Universal Electronics from a “neutral” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Friday, November 9th. Zacks Investment Research lowered shares of Universal Electronics from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. Sidoti raised shares of Universal Electronics from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 14th. Finally, ValuEngine lowered shares of Universal Electronics from a “hold” rating to a “sell” rating in a research report on Monday, December 17th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.00.

NASDAQ:UEIC opened at $27.81 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.37 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $390.70 million, a PE ratio of 9.90, a PEG ratio of 1.32 and a beta of 1.60. Universal Electronics has a 1-year low of $23.29 and a 1-year high of $55.90.

Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings data on Thursday, November 8th. The technology company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.33. The business had revenue of $182.72 million during the quarter, compared to analyst estimates of $184.11 million. Universal Electronics had a net margin of 0.89% and a return on equity of 11.88%. Research analysts anticipate that Universal Electronics will post -0.34 earnings per share for the current fiscal year.

In related news, insider David Cheung Hyen Chong sold 1,523 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $35.00, for a total value of $53,305.00. Following the completion of the sale, the insider now directly owns 25,836 shares in the company, valued at $904,260. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.97% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Universal Electronics by 2.5% in the third quarter. BlackRock Inc. now owns 2,008,120 shares of the technology company’s stock valued at $79,019,000 after purchasing an additional 49,053 shares during the period. William Blair Investment Management LLC grew its stake in Universal Electronics by 7.3% during the third quarter. William Blair Investment Management LLC now owns 1,887,302 shares of the technology company’s stock worth $74,265,000 after buying an additional 128,384 shares during the period. Dimensional Fund Advisors LP grew its stake in Universal Electronics by 5.2% during the third quarter. Dimensional Fund Advisors LP now owns 886,845 shares of the technology company’s stock worth $34,897,000 after buying an additional 43,562 shares during the period. Vanguard Group Inc. grew its stake in Universal Electronics by 12.5% during the third quarter. Vanguard Group Inc. now owns 825,686 shares of the technology company’s stock worth $32,490,000 after buying an additional 91,535 shares during the period. Finally, Vanguard Group Inc grew its stake in Universal Electronics by 12.5% during the third quarter. Vanguard Group Inc now owns 825,686 shares of the technology company’s stock worth $32,490,000 after buying an additional 91,535 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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