A number of other research firms also recently issued reports on UEIC. StockNews.com raised shares of Universal Electronics from a hold rating to a buy rating in a research note on Friday, May 20th. TheStreet cut Universal Electronics from a c rating to a d+ rating in a research note on Thursday, May 5th. Finally, Rosenblatt Securities began coverage on Universal Electronics in a research note on Monday, July 11th. They issued a buy rating and a $40.00 target price for the company.
Universal Electronics Stock Performance
UEIC stock opened at $25.86 on Friday. The firm’s 50-day moving average price is $26.48 and its two-hundred day moving average price is $29.74. Universal Electronics has a 12-month low of $23.29 and a 12-month high of $53.07.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. KBC Group NV purchased a new position in Universal Electronics during the second quarter valued at $26,000. SG Americas Securities LLC purchased a new position in Universal Electronics during the fourth quarter valued at $172,000. MetLife Investment Management LLC raised its stake in Universal Electronics by 59.9% during the first quarter. MetLife Investment Management LLC now owns 7,056 shares of the technology company’s stock valued at $220,000 after buying an additional 2,644 shares during the last quarter. Palouse Capital Management Inc. raised its stake in Universal Electronics by 8.2% during the first quarter. Palouse Capital Management Inc. now owns 9,016 shares of the technology company’s stock valued at $282,000 after buying an additional 684 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in Universal Electronics during the fourth quarter valued at $414,000. Hedge funds and other institutional investors own 87.74% of the company’s stock.
About Universal Electronics
Universal Electronics Inc designs, develops, manufactures, and sells pre-programmed and universal control products, audio-video (AV) accessories, and intelligent wireless security and smart home products for video services, consumer electronics, security, home automation, climate control, and home appliance markets.
- Get a free copy of the StockNews.com research report on Universal Electronics (UEIC)
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