Other analysts have also recently issued research reports about the company. Zacks Investment Research raised Universal Electronics from a hold rating to a buy rating and set a $33.00 price target for the company in a research report on Saturday, February 23rd. B. Riley set a $42.00 price target on Universal Electronics and gave the stock a buy rating in a research report on Friday, February 22nd. Sidoti set a $49.00 price target on Universal Electronics and gave the stock a buy rating in a research report on Friday, February 22nd. Finally, ValuEngine raised Universal Electronics from a sell rating to a hold rating in a research report on Saturday, February 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Universal Electronics currently has an average rating of Buy and an average price target of $41.33.
UEIC stock traded down $0.23 on Wednesday, hitting $37.69. 102,059 shares of the company’s stock were exchanged, compared to its average volume of 110,082. Universal Electronics has a 12-month low of $23.29 and a 12-month high of $50.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.36 and a quick ratio of 0.84. The company has a market cap of $521.74 million, a price-to-earnings ratio of 44.34, a price-to-earnings-growth ratio of 2.09 and a beta of 1.60.
In other news, insider David Cheung Hyen Chong sold 2,000 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $31.88, for a total value of $63,760.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Richard A. Firehammer, Jr. sold 1,011 shares of the business’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $33.61, for a total value of $33,979.71. The disclosure for this sale can be found here. Insiders own 5.97% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan acquired a new position in shares of Universal Electronics in the 4th quarter valued at about $101,000. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Universal Electronics by 363.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,561 shares of the technology company’s stock valued at $115,000 after buying an additional 3,577 shares during the period. Oregon Public Employees Retirement Fund acquired a new position in shares of Universal Electronics in the 4th quarter valued at about $133,000. Stifel Financial Corp lifted its holdings in shares of Universal Electronics by 4.6% in the 4th quarter. Stifel Financial Corp now owns 12,650 shares of the technology company’s stock valued at $318,000 after buying an additional 558 shares during the period. Finally, MetLife Investment Advisors LLC lifted its holdings in shares of Universal Electronics by 59.3% in the 3rd quarter. MetLife Investment Advisors LLC now owns 9,605 shares of the technology company’s stock valued at $378,000 after buying an additional 3,577 shares during the period.
About Universal Electronics
Universal Electronics Inc develops and manufactures pre-programmed and universal control products, audio-video (AV) accessories, software and intelligent wireless security products, and sensing and automation components for home entertainment and automation systems. The company 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 that enable devices, including televisions, set-top boxes, audio systems, smartphones, tablets, game controllers, and other consumer electronic devices to wirelessly connect and interact with home networks, as well as interactive services to control and deliver digital entertainment and information.
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