Universal Electronics (NASDAQ:UEIC) Stock Dropped to Buy by Wall Street Zen

Wall Street Zen lowered shares of Universal Electronics (NASDAQ:UEIC) from a strong-buy rating to a buy rating in a research report released on Sunday morning,Wall Street Zen reports.

A number of other research firms have also recently weighed in on UEIC. Weiss Ratings reiterated a “sell (d-)” rating on shares of Universal Electronics in a research note on Friday, September 18th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $5.00 target price on shares of Universal Electronics in a research report on Friday, August 7th. Finally, Zacks Research raised shares of Universal Electronics to a “hold” rating in a research report on Monday, October 5th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $4.25.

Universal Electronics Price Performance

NASDAQ:UEIC opened at $4.91 on Friday. The firm has a market capitalization of $63.29 million, a PE ratio of -4.23 and a beta of 1.30. Universal Electronics has a 12-month low of $2.69 and a 12-month high of $5.99. The firm has a 50-day moving average price of $5.06 and a 200 day moving average price of $4.46.

Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.31. The company had revenue of $73.24 million during the quarter, compared to analysts’ expectations of $78.13 million. Universal Electronics had a positive return on equity of 2.70% and a negative net margin of 4.57%. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS. On average, research analysts expect that Universal Electronics will post 0.25 EPS for the current year.

Universal Electronics Announces Dividend

The company also recently declared a special dividend, which was paid on Thursday, October 15th. Investors of record on Monday, August 24th were given a dividend of $0.24 per share. The ex-dividend date was Monday, August 24th.

Insider Buying and Selling

In other news, major shareholder Toro 18 Holdings Llc sold 200,000 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $5.22, for a total value of $1,044,000.00. Following the completion of the sale, the insider owned 1,344,647 shares of the company’s stock, valued at $7,019,057.34. This represents a 12.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 442,815 shares of company stock worth $2,201,304 in the last quarter. Company insiders own 17.10% of the company’s stock.

Institutional Investors Weigh In On Universal Electronics

Several large investors have recently modified their holdings of UEIC. Renaissance Technologies LLC lifted its holdings in shares of Universal Electronics by 1.4% in the 1st quarter. Renaissance Technologies LLC now owns 215,723 shares of the technology company’s stock valued at $889,000 after buying an additional 3,071 shares during the period. Empowered Funds LLC grew its stake in shares of Universal Electronics by 4.7% during the first quarter. Empowered Funds LLC now owns 69,266 shares of the technology company’s stock valued at $285,000 after acquiring an additional 3,088 shares in the last quarter. GSA Capital Partners LLP bought a new position in Universal Electronics during the 2nd quarter worth approximately $83,000. Hsbc Holdings PLC bought a new position in shares of Universal Electronics during the second quarter worth about $108,000. Finally, Man Group plc bought a new position in Universal Electronics in the 2nd quarter valued at about $241,000. 79.35% of the stock is owned by institutional investors and hedge funds.

Universal Electronics Company Profile

Universal Electronics Inc (NASDAQ: UEIC) designs, develops and distributes consumer electronics products and technologies that simplify the control of home entertainment and smart-home devices. Its offerings include universal remote controls, wireless home-control products, audio and video accessories, and related software and connected-device solutions.

The company serves original equipment manufacturers, subscription television providers, retailers and consumers. Its products are marketed under the One For All and other company brands, as well as through private-label and licensed-brand arrangements.