Universal Electronics (NASDAQ:UEIC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Universal Electronics (NASDAQ:UEIC) from a buy rating to a strong-buy rating in a research report report published on Saturday,Wall Street Zen reports.

A number of other research firms also recently weighed in on UEIC. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Universal Electronics in a research note on Friday, September 18th. Rosenblatt Securities reissued a “neutral” rating and issued a $5.00 price target on shares of Universal Electronics in a research note on Friday, August 7th. Finally, Zacks Research upgraded Universal Electronics to a “hold” rating in a report on Monday, October 5th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Universal Electronics currently has an average rating of “Reduce” and a consensus target price of $4.25.

Universal Electronics Stock Up 0.4%

Shares of NASDAQ UEIC opened at $5.26 on Friday. Universal Electronics has a 12 month low of $2.69 and a 12 month high of $5.99. The company has a market cap of $67.80 million, a price-to-earnings ratio of -4.53 and a beta of 1.19. The business has a fifty day simple moving average of $5.04 and a 200-day simple moving average of $4.43.

Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.31. Universal Electronics had a positive return on equity of 2.70% and a negative net margin of 4.57%. The firm had revenue of $73.24 million for the quarter, compared to the consensus estimate of $78.13 million. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS. As a group, sell-side analysts expect that Universal Electronics will post 0.25 EPS for the current fiscal year.

Universal Electronics Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Thursday, October 15th. Stockholders of record on Monday, August 24th were given a $0.24 dividend. The ex-dividend date of this dividend was Monday, August 24th.

Insider Activity

In related news, insider Toro 18 Holdings Llc sold 105,541 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $4.63, for a total transaction of $488,654.83. Following the transaction, the insider owned 1,101,832 shares of the company’s stock, valued at approximately $5,101,482.16. The trade was a 8.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 442,815 shares of company stock valued at $2,201,304 in the last 90 days. Company insiders own 17.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UEIC. GSA Capital Partners LLP acquired a new position in shares of Universal Electronics in the 2nd quarter worth approximately $83,000. Hsbc Holdings PLC acquired a new stake in Universal Electronics in the 2nd quarter valued at $108,000. Man Group plc acquired a new stake in Universal Electronics in the 2nd quarter valued at $241,000. Marquette Asset Management LLC acquired a new stake in Universal Electronics in the 2nd quarter valued at $303,000. Finally, Empowered Funds LLC grew its position in Universal Electronics by 4.7% in the first quarter. Empowered Funds LLC now owns 69,266 shares of the technology company’s stock valued at $285,000 after acquiring an additional 3,088 shares during the period. 79.35% of the stock is currently owned by institutional investors and hedge funds.

Universal Electronics Company Profile

Universal Electronics Inc (NASDAQ: UEIC) designs, develops and distributes consumer electronics products and technologies that simplify the control of home entertainment and smart-home devices. Its offerings include universal remote controls, wireless home-control products, audio and video accessories, and related software and connected-device solutions.

The company serves original equipment manufacturers, subscription television providers, retailers and consumers. Its products are marketed under the One For All and other company brands, as well as through private-label and licensed-brand arrangements.