Universal Electronics (NASDAQ:UEIC) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.

Other equities research analysts have also issued research reports about the stock. B. Riley set a $77.00 price objective on shares of Universal Electronics and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research lowered shares of Universal Electronics from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Piper Jaffray Companies dropped their price objective on shares of Universal Electronics to $70.00 and set an “overweight” rating for the company in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $72.75.

Universal Electronics (NASDAQ UEIC) opened at $46.30 on Friday. 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 firm has a market cap of $662.37, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 0.82 and a beta of 1.53. Universal Electronics has a one year low of $44.25 and a one year high of $74.85.

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

In related news, insider David Cheung Hyen Chong sold 11,550 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $50.31, for a total transaction of $581,080.50. Following the completion of the sale, the insider now directly owns 31,657 shares of the company’s stock, valued at approximately $1,592,663.67. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director J C. Sparkman purchased 2,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average cost of $47.50 per share, with a total value of $95,000.00. Following the completion of the acquisition, the director now owns 41,871 shares in the company, valued at approximately $1,988,872.50. The disclosure for this purchase can be found here. 5.94% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its holdings in Universal Electronics by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 1,962 shares of the technology company’s stock valued at $131,000 after purchasing an additional 295 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Universal Electronics during the 2nd quarter valued at $209,000. PNC Financial Services Group Inc. grew its holdings in Universal Electronics by 1.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,144 shares of the technology company’s stock valued at $278,000 after purchasing an additional 75 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Universal Electronics during the 3rd quarter valued at $291,000. Finally, Citadel Advisors LLC acquired a new stake in Universal Electronics during the 2nd quarter valued at $337,000. 96.66% of the stock is owned by institutional investors and hedge funds.

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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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