UEIC has been the subject of several other research reports. Zacks Investment Research raised Universal Electronics from a sell rating to a hold rating in a report on Wednesday, January 11th. Lake Street Capital decreased their price objective on Universal Electronics from $78.00 to $71.00 and set a buy rating for the company in a report on Friday, February 17th. Five research analysts have rated the stock with a buy rating, The company has an average rating of Buy and a consensus price target of $75.38.
Universal Electronics (NASDAQ:UEIC) traded down 0.66% during midday trading on Thursday, reaching $67.60. 10,489 shares of the company traded hands. The firm has a market capitalization of $972.76 million, a price-to-earnings ratio of 48.99 and a beta of 1.78. Universal Electronics has a one year low of $52.90 and a one year high of $80.42. The firm has a 50-day moving average price of $65.76 and a 200-day moving average price of $68.29.
Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings data on Thursday, February 16th. The company reported $0.70 earnings per share for the quarter, hitting the consensus estimate of $0.70. Universal Electronics had a return on equity of 16.85% and a net margin of 4.05%. The company earned $160.10 million during the quarter, compared to analyst estimates of $164.41 million. During the same quarter last year, the firm posted $0.91 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities analysts predict that Universal Electronics will post $3.63 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Schroder Investment Management Group bought a new position in Universal Electronics during the third quarter worth $108,000. Smith Asset Management Group LP raised its position in Universal Electronics by 1.8% in the third quarter. Smith Asset Management Group LP now owns 2,213 shares of the company’s stock worth $165,000 after buying an additional 40 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in Universal Electronics by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,200 shares of the company’s stock worth $238,000 after buying an additional 50 shares during the last quarter. SG Americas Securities LLC bought a new position in Universal Electronics during the third quarter worth $326,000. Finally, USA Financial Portformulas Corp bought a new position in Universal Electronics during the third quarter worth $332,000. 90.71% of the stock is owned by institutional investors and hedge funds.
Universal Electronics Company Profile
Universal Electronics Inc (UEI) develops control and sensor technology solutions and manufactures a line of pre-programmed and universal remote control products, audio-video (AV) accessories, and intelligent wireless security and automation components. The Company’s offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls that are sold primarily to subscription broadcasting providers, original equipment manufacturers (OEMs), retailers, and private label customers, and integrated circuits, on which its software and universal device control database is embedded, sold primarily to OEMs, subscription broadcasting providers, and private label customers.
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