Universal Electronics (NASDAQ:UEIC) Rating Reiterated by Rosenblatt Securities

Universal Electronics (NASDAQ:UEIC)‘s stock had its “neutral” rating reissued by equities research analysts at Rosenblatt Securities in a report released on Friday, Benzinga reports. They presently have a $15.00 target price on the technology company’s stock. Rosenblatt Securities’ price target suggests a potential upside of 33.21% from the company’s current price.

UEIC has been the subject of several other reports. StockNews.com upgraded Universal Electronics from a “hold” rating to a “buy” rating in a research report on Friday, March 15th. B. Riley boosted their price target on Universal Electronics from $9.00 to $10.50 and gave the stock a “neutral” rating in a research report on Friday, February 16th.

Universal Electronics Stock Performance

UEIC traded up $0.07 during trading on Friday, reaching $11.26. The company’s stock had a trading volume of 6,304 shares, compared to its average volume of 41,800. Universal Electronics has a 52-week low of $7.02 and a 52-week high of $11.84. The company’s fifty day moving average price is $9.70 and its 200-day moving average price is $8.86. The company has a market capitalization of $146.04 million, a price-to-earnings ratio of -1.40 and a beta of 1.07.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings data on Thursday, February 15th. The technology company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.28). Universal Electronics had a negative return on equity of 25.49% and a negative net margin of 23.36%. The firm had revenue of $97.59 million for the quarter, compared to analyst estimates of $97.52 million. Equities analysts predict that Universal Electronics will post -0.31 earnings per share for the current year.

Institutional Investors Weigh In On Universal Electronics

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrature Capital Ltd increased its stake in shares of Universal Electronics by 4.9% in the fourth quarter. Quadrature Capital Ltd now owns 41,085 shares of the technology company’s stock valued at $387,000 after buying an additional 1,936 shares during the period. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Universal Electronics by 15.2% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 380,573 shares of the technology company’s stock worth $3,574,000 after purchasing an additional 50,117 shares in the last quarter. Trexquant Investment LP boosted its holdings in Universal Electronics by 7.1% during the 4th quarter. Trexquant Investment LP now owns 58,135 shares of the technology company’s stock valued at $546,000 after acquiring an additional 3,873 shares during the period. First Eagle Investment Management LLC lifted its holdings in Universal Electronics by 26.7% in the 4th quarter. First Eagle Investment Management LLC now owns 196,079 shares of the technology company’s stock worth $1,841,000 after buying an additional 41,352 shares during the period. Finally, AMH Equity Ltd raised its position in shares of Universal Electronics by 35.1% in the 4th quarter. AMH Equity Ltd now owns 400,000 shares of the technology company’s stock worth $3,756,000 after acquiring an additional 104,000 shares in the last quarter. Institutional investors own 79.35% of the company’s stock.

About Universal Electronics

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People's Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.