Universal Electronics (NASDAQ:UEIC) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Universal Electronics (NASDAQ:UEIC) from a hold rating to a buy rating in a report published on Tuesday.

Separately, B. Riley upped their price objective on Universal Electronics from $10.50 to $11.00 and gave the company a neutral rating in a research note on Monday, May 6th.

Universal Electronics Price Performance

NASDAQ UEIC opened at $9.02 on Tuesday. The stock’s 50-day moving average is $10.52 and its two-hundred day moving average is $10.55. The firm has a market cap of $117.08 million, a P/E ratio of -2.56 and a beta of 1.14. Universal Electronics has a fifty-two week low of $7.02 and a fifty-two week high of $14.20.

Universal Electronics (NASDAQ:UEIC) last posted its earnings results on Thursday, August 8th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). The firm had revenue of $90.45 million during the quarter, compared to the consensus estimate of $94.86 million. Universal Electronics had a negative net margin of 11.19% and a negative return on equity of 19.41%. On average, equities analysts expect that Universal Electronics will post -0.31 EPS for the current year.

Institutional Trading of Universal Electronics

Several institutional investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC raised its position in Universal Electronics by 26.7% in the 4th quarter. First Eagle Investment Management LLC now owns 196,079 shares of the technology company’s stock worth $1,841,000 after buying an additional 41,352 shares during the last quarter. Trexquant Investment LP grew its position in shares of Universal Electronics by 7.1% during the fourth quarter. Trexquant Investment LP now owns 58,135 shares of the technology company’s stock worth $546,000 after purchasing an additional 3,873 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in Universal Electronics by 15.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 380,573 shares of the technology company’s stock valued at $3,574,000 after buying an additional 50,117 shares in the last quarter. Quadrature Capital Ltd grew its stake in Universal Electronics by 4.9% during the fourth quarter. Quadrature Capital Ltd now owns 41,085 shares of the technology company’s stock valued at $387,000 after acquiring an additional 1,936 shares in the last quarter. Finally, Howland Capital Management LLC lifted its stake in Universal Electronics by 56.6% in the 1st quarter. Howland Capital Management LLC now owns 32,942 shares of the technology company’s stock worth $330,000 after purchasing an additional 11,900 shares in the last quarter. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

Universal Electronics Company Profile

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People's Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.