Zacks Investment Research cut shares of Universal Electronics (NASDAQ:UEIC) from a hold rating to a sell rating in a research note published on Saturday.

According to Zacks, “Universal Electronics Inc. is the worldwide leader in universal control and sensing technologies for the smart home. The company designs, develops, manufactures and ships over 500 innovative products that are used by the world’s leading brands in the audio video, subscription broadcasting, connected home, tablet and smart phone markets. Its 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, which enable devices, such as televisions, set-top boxes, stereos, smart phones, tablets, gaming controllers, and other consumer electronic devices to wirelessly connect and interact with home networks and interactive services to control and deliver digital entertainment and information. It serves cable and satellite television service providers; original equipment manufacturers; software development companies; subscription broadcasting providers. “

Several other research firms have also commented on UEIC. BidaskClub lowered shares of Universal Electronics from a buy rating to a hold rating in a research note on Wednesday, September 5th. B. Riley set a $42.00 price objective on shares of Universal Electronics and gave the stock a hold rating in a research note on Friday, August 3rd. Sidoti lowered shares of Universal Electronics from a buy rating to a neutral rating and set a $44.00 price objective on the stock. in a research note on Tuesday, September 4th. ValuEngine raised shares of Universal Electronics from a sell rating to a hold rating in a research note on Thursday, August 2nd. Finally, TheStreet upgraded shares of Universal Electronics from a d+ rating to a c rating in a research note on Friday, August 3rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $43.00.

NASDAQ:UEIC opened at $33.38 on Friday. Universal Electronics has a one year low of $26.97 and a one year high of $56.35. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.87 and a current ratio of 1.37. The stock has a market cap of $474.36 million, a P/E ratio of 11.88 and a beta of 1.32.

Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings data on Thursday, November 8th. The technology company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.36 by $0.33. Universal Electronics had a net margin of 0.89% and a return on equity of 11.88%. The business had revenue of $182.72 million for the quarter, compared to analyst estimates of $184.11 million. Research analysts anticipate that Universal Electronics will post -0.35 EPS for the current fiscal year.

In other news, insider Richard A. Firehammer, Jr. sold 4,032 shares of the company’s stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of $40.07, for a total value of $161,562.24. Following the transaction, the insider now owns 4,032 shares in the company, valued at $161,562.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 5.97% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Universal Electronics by 2.5% in the third quarter. BlackRock Inc. now owns 2,008,120 shares of the technology company’s stock worth $79,019,000 after buying an additional 49,053 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of Universal Electronics by 7.3% in 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 in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Universal Electronics by 5.2% in 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 in the last quarter. Frontier Capital Management Co. LLC lifted its stake in shares of Universal Electronics by 12.6% in the second quarter. Frontier Capital Management Co. LLC now owns 602,486 shares of the technology company’s stock worth $19,912,000 after buying an additional 67,267 shares in the last quarter. Finally, Investment Counselors of Maryland LLC lifted its position in Universal Electronics by 129.4% during the third quarter. Investment Counselors of Maryland LLC now owns 363,790 shares of the technology company’s stock valued at $14,315,000 after purchasing an additional 205,222 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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