Zacks Investment Research upgraded shares of Universal Electronics (NASDAQ:UEIC) from a sell rating to a hold rating in a report released on Saturday.

According to Zacks, “Universal Electronics Inc. is the worldwide leader in universal control and sensing technologies for the smart home. The company designs, develops, manufactures and ships over 500 innovative products that are used by the world’s leading brands in the audio video, subscription broadcasting, connected home, tablet and smart phone markets. Its 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, which enable devices, such as televisions, set-top boxes, stereos, smart phones, tablets, gaming controllers, and other consumer electronic devices to wirelessly connect and interact with home networks and interactive services to control and deliver digital entertainment and information. It serves cable and satellite television service providers; original equipment manufacturers; software development companies; subscription broadcasting providers. “

Other equities analysts also recently issued reports about the company. B. Riley set a $77.00 target price on Universal Electronics and gave the company a buy rating in a research note on Tuesday, October 31st. BidaskClub downgraded Universal Electronics from a sell rating to a strong sell rating in a research note on Tuesday, December 5th. Finally, Piper Jaffray Companies decreased their target price on Universal Electronics to $70.00 and set an overweight rating for the company in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $72.75.

Shares of Universal Electronics (NASDAQ UEIC) traded down $1.70 during trading on Friday, reaching $48.25. The company had a trading volume of 91,900 shares, compared to its average volume of 77,450. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.80 and a current ratio of 1.34. The company has a market capitalization of $683.10, a price-to-earnings ratio of 73.11, a P/E/G ratio of 0.88 and a beta of 1.53. Universal Electronics has a 1 year low of $46.05 and a 1 year high of $74.85.

Universal Electronics (NASDAQ:UEIC) last issued its earnings results on Thursday, November 2nd. The technology company reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.04). Universal Electronics had a net margin of 1.45% and a return on equity of 11.27%. The company had revenue of $175.51 million during the quarter, compared to analyst estimates of $182.53 million. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. equities analysts anticipate that Universal Electronics will post 2.28 EPS for the current year.

In other Universal Electronics news, Director J C. Sparkman acquired 2,000 shares of Universal Electronics stock in a transaction dated Friday, December 15th. The stock was acquired at an average cost of $47.50 per share, for a total transaction of $95,000.00. Following the completion of the transaction, the director now owns 41,871 shares in the company, valued at approximately $1,988,872.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Louis Sylvester Hughes sold 925 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $53.58, for a total value of $49,561.50. Following the transaction, the chief operating officer now owns 1,502 shares of the company’s stock, valued at $80,477.16. The disclosure for this sale can be found here. Insiders own 5.94% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of UEIC. Schwab Charles Investment Management Inc. boosted its position in shares of Universal Electronics by 19.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 67,864 shares of the technology company’s stock worth $4,537,000 after buying an additional 11,194 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Universal Electronics by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 182,793 shares of the technology company’s stock worth $12,220,000 after buying an additional 1,172 shares during the period. Legal & General Group Plc boosted its position in shares of Universal Electronics by 9.4% during the second quarter. Legal & General Group Plc now owns 26,381 shares of the technology company’s stock worth $1,765,000 after buying an additional 2,259 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Universal Electronics by 45.0% during the second quarter. BNP Paribas Arbitrage SA now owns 5,436 shares of the technology company’s stock worth $363,000 after buying an additional 1,688 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Universal Electronics by 17.7% during the second quarter. Victory Capital Management Inc. now owns 1,962 shares of the technology company’s stock worth $131,000 after buying an additional 295 shares during the period. Institutional investors and hedge funds own 96.66% of the company’s stock.

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About Universal Electronics

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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