Universal Electronics (NASDAQ:UEIC) Stock Rating Upgraded by Wall Street Zen

Universal Electronics (NASDAQ:UEIC) was upgraded by equities researchers at Wall Street Zen to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other brokerages have also weighed in on UEIC. Weiss Ratings raised shares of Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Rosenblatt Securities reaffirmed a “neutral” rating and set a $5.00 target price on shares of Universal Electronics in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $4.25.

Universal Electronics Stock Down 0.2%

UEIC opened at $4.78 on Friday. Universal Electronics has a 12-month low of $2.69 and a 12-month high of $5.99. The business has a 50 day moving average of $4.74 and a 200-day moving average of $4.35. The stock has a market cap of $61.61 million, a price-to-earnings ratio of -4.12 and a beta of 1.18.

Universal Electronics (NASDAQ:UEIC) last posted its earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $73.24 million for the quarter, compared to analyst estimates of $78.13 million. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Insider Transactions at Universal Electronics

In other Universal Electronics news, insider Toro 18 Holdings Llc sold 105,541 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was 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 in the company, valued at $5,101,482.16. This trade represents a 8.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 442,815 shares of company stock worth $2,201,304 over the last 90 days. Corporate insiders own 17.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Kent Lake PR LLC raised its stake in Universal Electronics by 17.2% in the second quarter. Kent Lake PR LLC now owns 1,260,642 shares of the technology company’s stock valued at $8,345,000 after purchasing an additional 185,014 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Universal Electronics by 23.2% during the second quarter. Ameriprise Financial Inc. now owns 875,458 shares of the technology company’s stock worth $5,796,000 after buying an additional 164,617 shares in the last quarter. BlackRock Inc. acquired a new stake in Universal Electronics during the second quarter worth about $1,860,000. Renaissance Technologies LLC increased its holdings in Universal Electronics by 1.4% in the 1st quarter. Renaissance Technologies LLC now owns 215,723 shares of the technology company’s stock valued at $889,000 after buying an additional 3,071 shares during the period. Finally, Bridgeway Capital Management LLC increased its holdings in Universal Electronics by 17.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 158,583 shares of the technology company’s stock valued at $572,000 after buying an additional 23,100 shares during the period. Institutional investors own 79.35% of the company’s stock.

Universal Electronics Company Profile

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.