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A number of other research analysts also recently issued reports on UEIC. ValuEngine downgraded shares of Universal Electronics from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Zacks Investment Research downgraded shares of Universal Electronics from a buy rating to a hold rating in a research report on Wednesday, August 14th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $50.00.
Shares of Universal Electronics stock traded up $4.48 on Wednesday, reaching $59.41. The stock had a trading volume of 252,900 shares, compared to its average volume of 114,922. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.83 and a current ratio of 1.34. Universal Electronics has a fifty-two week low of $23.29 and a fifty-two week high of $60.00. The stock has a market cap of $760.86 million, a P/E ratio of 69.89, a price-to-earnings-growth ratio of 5.45 and a beta of 1.23. The business’s 50-day moving average price is $50.68 and its two-hundred day moving average price is $44.24.
Universal Electronics (NASDAQ:UEIC) last released its earnings results on Thursday, November 7th. The technology company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.15. Universal Electronics had a negative net margin of 2.22% and a negative return on equity of 6.11%. The company had revenue of $200.72 million for the quarter, compared to the consensus estimate of $191.15 million. As a group, equities analysts forecast that Universal Electronics will post 0.67 earnings per share for the current fiscal year.
In related news, EVP David Cheung Hyen Chong sold 1,406 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $45.70, for a total value of $64,254.20. Following the sale, the executive vice president now directly owns 6,980 shares in the company, valued at approximately $318,986. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carl E. Vogel sold 12,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $45.54, for a total transaction of $569,250.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,753 shares of company stock worth $1,257,361. Corporate insiders own 7.09% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Comerica Bank raised its holdings in Universal Electronics by 2.0% during the 3rd quarter. Comerica Bank now owns 13,047 shares of the technology company’s stock worth $640,000 after buying an additional 256 shares during the period. Van Hulzen Asset Management LLC grew its holdings in Universal Electronics by 8.9% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 6,515 shares of the technology company’s stock worth $267,000 after acquiring an additional 535 shares in the last quarter. Swiss National Bank grew its holdings in Universal Electronics by 2.8% during the 2nd quarter. Swiss National Bank now owns 25,624 shares of the technology company’s stock worth $1,051,000 after acquiring an additional 700 shares in the last quarter. State of Tennessee Treasury Department grew its holdings in Universal Electronics by 7.8% during the 3rd quarter. State of Tennessee Treasury Department now owns 14,097 shares of the technology company’s stock worth $717,000 after acquiring an additional 1,023 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Universal Electronics by 1,037.0% in the 2nd quarter. Bank of Montreal Can now owns 1,228 shares of the technology company’s stock valued at $51,000 after buying an additional 1,120 shares during the period.
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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