Shares of Universal Electronics Inc (NASDAQ:UEIC) have earned an average recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $50.50.
A number of equities research analysts recently issued reports on UEIC shares. Sidoti set a $4.00 price target on shares of Barnes & Noble Education and gave the company a “hold” rating in a research note on Monday, June 10th. BidaskClub cut ZIX from a “strong-buy” rating to a “buy” rating in a report on Friday, June 7th. ValuEngine cut Universal Electronics from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 6th. Zacks Investment Research upgraded SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Friday, July 5th. Finally, B. Riley set a $42.00 price target on Carbonite and gave the stock a “buy” rating in a report on Friday, May 3rd.
In related news, Director J C. Sparkman sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $44.63, for a total value of $44,630.00. Following the sale, the director now owns 47,771 shares in the company, valued at approximately $2,132,019.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Cheung Hyen Chong sold 2,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $41.05, for a total transaction of $82,100.00. Following the completion of the sale, the insider now owns 13,719 shares in the company, valued at approximately $563,164.95. The disclosure for this sale can be found here. Insiders have sold 4,505 shares of company stock valued at $192,288 in the last quarter. 7.09% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of UEIC. Rhumbline Advisers increased its holdings in Universal Electronics by 19.0% in the 4th quarter. Rhumbline Advisers now owns 41,180 shares of the technology company’s stock worth $1,041,000 after acquiring an additional 6,578 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in Universal Electronics in the 4th quarter worth $133,000. California Public Employees Retirement System increased its holdings in Universal Electronics by 16.7% in the 4th quarter. California Public Employees Retirement System now owns 36,536 shares of the technology company’s stock worth $924,000 after acquiring an additional 5,238 shares in the last quarter. BlackRock Inc. increased its holdings in Universal Electronics by 2.4% in the 4th quarter. BlackRock Inc. now owns 2,055,467 shares of the technology company’s stock worth $51,963,000 after acquiring an additional 47,347 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Universal Electronics by 1.3% in the 4th quarter. Bank of New York Mellon Corp now owns 172,226 shares of the technology company’s stock worth $4,354,000 after acquiring an additional 2,165 shares in the last quarter.
UEIC stock traded down $0.30 during midday trading on Thursday, hitting $42.04. The stock had a trading volume of 78,800 shares, compared to its average volume of 130,805. The firm has a market cap of $586.83 million, a price-to-earnings ratio of 49.40, a P/E/G ratio of 2.03 and a beta of 1.34. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 0.08. Universal Electronics has a 1-year low of $23.29 and a 1-year high of $47.65. The company’s fifty day moving average price is $40.45.
Universal Electronics (NASDAQ:UEIC) last released its earnings results on Thursday, May 2nd. The technology company reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.09. The firm had revenue of $184.16 million during the quarter, compared to the consensus estimate of $180.69 million. Universal Electronics had a net margin of 1.64% and a return on equity of 4.27%. Analysts predict that Universal Electronics will post 1.42 EPS for the current fiscal year.
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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