Universal Electronics (UEIC) – Research Analysts’ Recent Ratings Changes

Universal Electronics (UEIC) – Research Analysts’ Recent Ratings Changes



Several research firms have changed their ratings and price targets Universal electronics (NASDAQ: UEIC):

  • 05/20/2022 – StockNews.com analysts upgraded Universal Electronics from a “hold” rating to a “buy” rating.
  • 05/18/2022: Zacks Investment Research analysts have downgraded Universal Electronics from a “maintenance” rating to a “strong sell” rating. According to Zacks, “Universal Electronics Inc. is the world leader in universal smart home control and detection technologies. The company designs, develops, manufactures and ships more than 500 innovative products using the world’s leading brands in the markets for audio, video, subscription, connected home, tablets and smartphones, it offers universal remote controls for infrared and radio frequency (RF), integrated circuits in which its software and its base are embedded. universal device control data, and software, firmware, and technology solutions that allow devices such as TVs, set-top boxes, stereos, smartphones, tablets, game controllers, and other consumer electronics to connect wireless and interact with home networks and interactive services to control them and provide entertainment and digital information. cable and satellite television; original equipment manufacturers; software development companies; subscription broadcast providers. “
  • 12/5/2022: StockNews.com analysts downgraded Universal Electronics from a “buy” rating to a “hold” rating.
  • 5/5/2022 – TheStreet analysts downgraded Universal Electronics from a “c” rating to a “d +” rating.
  • 21/04/2022 – Zacks Investment Research analysts upgraded Universal Electronics from a “strong sell” rating to a “maintenance” rating. According to Zacks, “Universal Electronics Inc. is the world leader in universal smart home control and detection technologies. The company designs, develops, manufactures and ships more than 500 innovative products using the world’s leading brands in the markets for audio, video, subscription, connected home, tablets and smartphones, it offers universal remote controls for infrared and radio frequency (RF), integrated circuits in which its software and its base are embedded. universal device control data, and software, firmware, and technology solutions that allow devices such as TVs, set-top boxes, stereos, smartphones, tablets, game controllers, and other consumer electronics to connect wireless and interact with home networks and interactive services to control them and provide entertainment and digital information. cable and satellite television; original equipment manufacturers; software development companies; subscription broadcast providers. “
  • 3/31/2022: StockNews.com analysts are now covering Universal Electronics. They set a “buy” rating on the shares.

Shares of Universal Electronics rose $ 0.35 during Monday’s trading hours to $ 26.87. 48,931 shares of the company’s shares have been exchanged, compared to its average volume of 55,339. Universal Electronics Inc. has a 52-week low of $ 26.00 and a 52-week high of $ 53.07. The company has a 50-day moving average of $ 30.09 and a 200-day moving average of $ 34.44. The company has a market capitalization of $ 339.37 million, a price-to-earnings ratio of -68.90 and a beta of $ 1.10.

Universal Electronics (NASDAQ: UEIC – Get Rating) last published its quarterly results on Thursday, May 5th. The tech company reported EPS ($ 0.23) for the quarter, with no consensus estimate of ($ 0.08) for ($ 0.15). Universal Electronics had a negative net margin of 0.79% and a negative return on equity of 1.60%. The business had revenue of $ 132.41 million during the quarter, compared to analysts’ expectations of $ 135.06 million. As a group, equity analysts predict that Universal Electronics Inc. will publish 0.51 EPS for the current year.

In other news, director William C. Mulligan bought 6,500 shares of the stock in a transaction on Tuesday, February 22nd. The shares were bought at an average price of $ 31.84 per share, with a total value of $ 206,960.00. The transaction was revealed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. 7.09% of the shares are owned by privileged people in the company.

Hedge funds and other institutional investors have recently bought and sold shares in the company. Lapides Asset Management LLC increased its stake in Universal Electronics by 32.6% during the first quarter. Lapides Asset Management LLC now owns $ 230,300 of the technology company’s stock worth $ 7,195,000 after buying an additional 56,600 shares during the last quarter. Sei Investments Co. acquired a new stake in Universal Electronics during the fourth quarter valued at approximately $ 2,116,000. Manufacturers Life Insurance Company increased its stake in Universal Electronics by 10.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 540,053 shares of the technology company’s stock worth $ 22,008,000 after buying an additional 50,290 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Universal Electronics by 10.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 489,763 shares of the technology company’s shares valued at $ 24,121,000 after buying an additional 47,016 shares during the last quarter. Finally, Morgan Stanley increased its stake in Universal Electronics shares by 92.1% during the second quarter. Morgan Stanley now owns 94,868 shares of the technology company valued at $ 4,601,000 after buying an additional 45,474 shares during the last quarter. Currently, 87.74% of the shares are owned by institutional investors and hedge funds.

Universal Electronics Inc. designs, develops, manufactures and sells pre-programmed and universal control products, audio and video (AV) accessories, and smart wireless and smart home security products for video, electronic services consumer, security, home automation, air conditioning, and home appliance markets.

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