Universal Electronics (NASDAQ:UEIC) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

UEIC has been the subject of a number of other reports. Zacks Investment Research downgraded Universal Electronics from a “hold” rating to a “sell” rating in a research report on Thursday, May 10th. TheStreet downgraded Universal Electronics from a “c-” rating to a “d+” rating in a research report on Monday, June 4th. ValuEngine upgraded Universal Electronics from a “strong sell” rating to a “sell” rating in a research report on Monday, July 2nd. Sidoti downgraded Universal Electronics from a “buy” rating to a “neutral” rating and set a $44.00 price target for the company. in a research report on Tuesday. Finally, B. Riley set a $42.00 price target on Universal Electronics and gave the stock a “hold” rating in a research report on Friday, August 3rd. Six equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $57.25.

Shares of UEIC opened at $40.20 on Wednesday. The firm has a market capitalization of $574.67 million, a P/E ratio of 13.99, a P/E/G ratio of 13.85 and a beta of 1.22. Universal Electronics has a 52-week low of $26.97 and a 52-week high of $67.44. The company has a quick ratio of 0.84, a current ratio of 1.33 and a debt-to-equity ratio of 0.04.

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

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

Several large investors have recently added to or reduced their stakes in the company. Engaged Capital LLC bought a new stake in shares of Universal Electronics during the second quarter worth $8,318,000. Millennium Management LLC bought a new stake in shares of Universal Electronics during the second quarter worth $1,452,000. Paloma Partners Management Co bought a new stake in shares of Universal Electronics during the second quarter worth $329,000. Formula Growth Ltd. lifted its position in shares of Universal Electronics by 32.3% during the second quarter. Formula Growth Ltd. now owns 37,055 shares of the technology company’s stock worth $1,225,000 after purchasing an additional 9,055 shares during the last quarter. Finally, OppenheimerFunds Inc. lifted its position in shares of Universal Electronics by 84.4% during the second quarter. OppenheimerFunds Inc. now owns 14,457 shares of the technology company’s stock worth $478,000 after purchasing an additional 6,618 shares during the last quarter.

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.

Featured Story: Risk Tolerance and Your Investment Decisions

Receive News & Ratings for Universal Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Electronics and related companies with MarketBeat.com's FREE daily email newsletter.