B. Riley Increases Universal Electronics (NASDAQ:UEIC) Price Target to $11.00

Universal Electronics (NASDAQ:UEIC) had its price target lifted by B. Riley from $10.50 to $11.00 in a report published on Monday, Benzinga reports. B. Riley currently has a neutral rating on the technology company’s stock.

Several other equities analysts also recently weighed in on the stock. Rosenblatt Securities reissued a neutral rating and issued a $15.00 price target on shares of Universal Electronics in a research note on Friday, May 3rd. StockNews.com upgraded shares of Universal Electronics from a hold rating to a buy rating in a research report on Friday, March 15th.

Universal Electronics Trading Down 1.6 %

Shares of UEIC stock opened at $13.43 on Monday. The stock has a market cap of $174.16 million, a P/E ratio of -3.80 and a beta of 1.07. Universal Electronics has a twelve month low of $7.02 and a twelve month high of $14.20. The stock has a 50 day moving average of $10.11 and a 200 day moving average of $9.01.

Universal Electronics (NASDAQ:UEIC) last announced its earnings results on Thursday, February 15th. The technology company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.28). Universal Electronics had a negative net margin of 11.27% and a negative return on equity of 22.59%. The business had revenue of $97.59 million for the quarter, compared to analysts’ expectations of $97.52 million. On average, research analysts predict that Universal Electronics will post -0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Universal Electronics

A number of institutional investors and hedge funds have recently made changes to their positions in UEIC. Raymond James & Associates raised its position in Universal Electronics by 17.2% in the third quarter. Raymond James & Associates now owns 15,044 shares of the technology company’s stock valued at $136,000 after purchasing an additional 2,206 shares during the period. Marquette Asset Management LLC purchased a new stake in shares of Universal Electronics in the 1st quarter valued at $159,000. Howland Capital Management LLC lifted its stake in Universal Electronics by 20.9% during the 4th quarter. Howland Capital Management LLC now owns 21,042 shares of the technology company’s stock worth $198,000 after acquiring an additional 3,642 shares in the last quarter. Barclays PLC lifted its stake in Universal Electronics by 58.2% during the 3rd quarter. Barclays PLC now owns 25,988 shares of the technology company’s stock worth $235,000 after acquiring an additional 9,557 shares in the last quarter. Finally, Quadrature Capital Ltd boosted its holdings in Universal Electronics by 129.3% during the 3rd quarter. Quadrature Capital Ltd now owns 39,149 shares of the technology company’s stock valued at $354,000 after acquiring an additional 22,075 shares during the period. 79.35% of the stock is owned by hedge funds and other institutional investors.

About Universal Electronics

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People's Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.