Universal Electronics (NASDAQ:UEIC) Given Neutral Rating at Rosenblatt Securities

Universal Electronics (NASDAQ:UEIC)‘s stock had its “neutral” rating restated by stock analysts at Rosenblatt Securities in a note issued to investors on Friday,Benzinga reports. They currently have a $5.00 target price on the technology company’s stock. Rosenblatt Securities’ target price would suggest a potential upside of 4.17% from the company’s previous close.

UEIC has been the topic of several other reports. Weiss Ratings upgraded Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Wall Street Zen downgraded shares of Universal Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $4.25.

Universal Electronics Stock Performance

NASDAQ:UEIC opened at $4.80 on Friday. The company has a market capitalization of $60.62 million, a price-to-earnings ratio of -3.20 and a beta of 1.19. Universal Electronics has a one year low of $2.69 and a one year high of $6.69. The stock has a 50-day simple moving average of $4.40 and a 200 day simple moving average of $4.20.

Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.31. The firm had revenue of $73.24 million for the quarter, compared to analysts’ expectations of $78.13 million. Universal Electronics had a positive return on equity of 0.41% and a negative net margin of 5.54%.Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Hedge Funds Weigh In On Universal Electronics

Several hedge funds have recently modified their holdings of UEIC. Man Group plc lifted its holdings in shares of Universal Electronics by 2.9% in the fourth quarter. Man Group plc now owns 102,924 shares of the technology company’s stock valued at $372,000 after buying an additional 2,905 shares during the period. Renaissance Technologies LLC grew its holdings in Universal Electronics by 1.4% during the first quarter. Renaissance Technologies LLC now owns 215,723 shares of the technology company’s stock worth $889,000 after acquiring an additional 3,071 shares during the period. Empowered Funds LLC grew its holdings in Universal Electronics by 4.7% during the first quarter. Empowered Funds LLC now owns 69,266 shares of the technology company’s stock worth $285,000 after acquiring an additional 3,088 shares during the period. Bridgeway Capital Management LLC raised its position in Universal Electronics by 3.3% in the second quarter. Bridgeway Capital Management LLC now owns 131,164 shares of the technology company’s stock worth $868,000 after acquiring an additional 4,143 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Universal Electronics by 15.6% in the first quarter. Goldman Sachs Group Inc. now owns 36,341 shares of the technology company’s stock worth $222,000 after acquiring an additional 4,893 shares in the last quarter. 79.35% of the stock is currently owned by institutional investors and hedge funds.

About Universal Electronics

Universal Electronics Inc (NASDAQ:UEIC) is a leading provider of sensing and control technologies for the smart home and consumer electronics markets. The company specializes in design, development and manufacturing of remote control devices, wireless connectivity modules and integrated sensing solutions. Its core expertise lies in infrared (IR) and radio frequency (RF) remote controls, voice-enabled control devices and universal remotes that allow consumers to manage multiple home entertainment and automation systems through a single interface.

In addition to traditional remote control products, Universal Electronics has expanded its portfolio to include Internet of Things (IoT) gateways, home-automation hubs and cloud-based management platforms.