Separately, ValuEngine downgraded Universal Electronics from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $50.00.
NASDAQ UEIC opened at $55.13 on Friday. The company has a market cap of $798.09 million, a P/E ratio of 64.86, a P/E/G ratio of 38.20 and a beta of 1.23. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.88 and a current ratio of 1.37. The business’s 50 day moving average price is $55.23 and its 200-day moving average price is $46.82. Universal Electronics has a fifty-two week low of $23.29 and a fifty-two week high of $60.00.
Universal Electronics (NASDAQ:UEIC) last released its earnings results on Thursday, November 7th. The technology company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.15. The firm had revenue of $200.72 million for the quarter, compared to the consensus estimate of $191.15 million. Universal Electronics had a negative return on equity of 5.52% and a negative net margin of 1.94%. As a group, equities analysts predict that Universal Electronics will post 0.1 EPS for the current year.
In other Universal Electronics news, Director William C. Mulligan sold 2,014 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $58.10, for a total value of $117,013.40. Following the transaction, the director now owns 2,490 shares of the company’s stock, valued at approximately $144,669. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Cheung Hyen Chong sold 4,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $55.10, for a total value of $220,400.00. Following the completion of the transaction, the executive vice president now directly owns 703 shares in the company, valued at approximately $38,735.30. The disclosure for this sale can be found here. Insiders sold a total of 12,333 shares of company stock worth $702,474 in the last ninety days. 7.09% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Virginia Retirement Systems ET AL purchased a new stake in shares of Universal Electronics in the 2nd quarter worth $345,000. Aperio Group LLC purchased a new stake in shares of Universal Electronics in the 2nd quarter worth $258,000. Swiss National Bank lifted its holdings in shares of Universal Electronics by 2.8% in the 2nd quarter. Swiss National Bank now owns 25,624 shares of the technology company’s stock worth $1,051,000 after buying an additional 700 shares during the period. Investment Counselors of Maryland LLC lifted its holdings in shares of Universal Electronics by 1.1% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 392,161 shares of the technology company’s stock worth $16,086,000 after buying an additional 4,235 shares during the period. Finally, Stone Ridge Asset Management LLC purchased a new stake in shares of Universal Electronics in the 2nd quarter worth $265,000. 99.86% of the stock is currently owned by institutional investors.
About Universal Electronics
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.
Receive News & Ratings for Universal Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Electronics and related companies with MarketBeat.com's FREE daily email newsletter.