Universal Electronics (NASDAQ:UEIC) Stock Rating Raised to Hold at Zacks Research

Zacks Research upgraded shares of Universal Electronics (NASDAQ:UEIC) to a hold rating in a report published on Monday,Zacks reports.

Several other brokerages have also commented on UEIC. Wall Street Zen raised shares of Universal Electronics to a “buy” rating in a research report on Saturday, September 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Universal Electronics in a research note on Friday, September 18th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $5.00 target price on shares of Universal Electronics in a research report on Friday, August 7th. Three investment 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, the company presently has a consensus rating of “Reduce” and a consensus price target of $4.25.

Universal Electronics Price Performance

NASDAQ UEIC opened at $5.55 on Monday. The stock has a market capitalization of $71.51 million, a P/E ratio of -4.78 and a beta of 1.19. The business has a 50 day simple moving average of $4.96 and a 200 day simple moving average of $4.51. Universal Electronics has a one year low of $2.69 and a one year high of $5.99.

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

Universal Electronics Announces Dividend

The firm also recently declared a special dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, August 24th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, August 24th.

Insider Transactions at Universal Electronics

In other Universal Electronics news, insider Toro 18 Holdings Llc sold 105,541 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $4.63, for a total value of $488,654.83. Following the completion of the transaction, the insider owned 1,101,832 shares of the company’s stock, valued at $5,101,482.16. The trade was a 8.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 442,815 shares of company stock worth $2,201,304 in the last three months. Insiders own 17.10% of the company’s stock.

Hedge Funds Weigh In On Universal Electronics

Hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC bought a new stake in Universal Electronics in the second quarter valued at $349,000. Man Group plc bought a new position in shares of Universal Electronics during the second quarter valued at approximately $241,000. Hsbc Holdings PLC purchased a new position in Universal Electronics during the second quarter valued at $108,000. BlackRock Inc. purchased a new stake in Universal Electronics during the 2nd quarter valued at about $1,860,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Universal Electronics during the second quarter valued at approximately $83,000. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

Universal Electronics Company Profile

Universal Electronics Inc (NASDAQ: UEIC) designs, develops, manufactures and distributes entertainment and smart-home control products. Its portfolio includes universal remote controls, replacement remotes, connected home-control solutions and related accessories used with televisions, streaming devices, audio equipment, set-top boxes and other consumer electronics.

The company serves consumers through retail and e-commerce channels and also works with consumer-electronics manufacturers, cable and satellite providers, telecommunications companies and other service providers.