Universal Electronics (NASDAQ:UEIC) Raised to Strong-Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Universal Electronics to “strong-buy” from “buy,” though the broader analyst consensus remains “Reduce,” with three Hold ratings and one Sell rating and an average price target of $4.25.
• UEIC shares opened at $5.24, up 3.4%, with a market capitalization of approximately $67.5 million. The company’s latest quarterly EPS of $0.34 substantially exceeded the $0.03 consensus estimate, although revenue of $73.24 million fell short of expectations.
• Insiders sold 442,815 shares worth about $2.2 million over the past three months, while institutional ownership stands at 79.35% after several firms, including BlackRock, initiated positions.

Universal Electronics (NASDAQ:UEIC - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other equities research analysts also recently issued reports about the company. Rosenblatt Securities reissued a "neutral" rating and set a $5.00 target price on shares of Universal Electronics in a research report on Friday, August 7th. Weiss Ratings restated a "sell (d-)" rating on shares of Universal Electronics in a research report on Friday, September 18th. Finally, Zacks Research raised Universal Electronics to a "hold" rating in a research note on Monday, October 5th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $4.25.

Universal Electronics Trading Up 3.4%

Shares of NASDAQ UEIC opened at $5.24 on Friday. The firm has a market capitalization of $67.54 million, a PE ratio of -4.52 and a beta of 1.19. The business has a 50-day moving average price of $5.03 and a two-hundred day moving average price of $4.61. Universal Electronics has a one year low of $2.69 and a one year high of $5.99.

Universal Electronics (NASDAQ:UEIC - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.31. The firm had revenue of $73.24 million during the quarter, compared to analysts' expectations of $78.13 million. Universal Electronics had a positive return on equity of 2.70% and a negative net margin of 4.57%. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS. Research analysts anticipate that Universal Electronics will post 0.25 EPS for the current year.

Insider Buying and Selling at Universal Electronics

In other news, insider Toro 18 Holdings Llc sold 105,541 shares of the business's stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $4.63, for a total value of $488,654.83. Following the completion of the sale, the insider owned 1,101,832 shares of the company's stock, valued at approximately $5,101,482.16. The trade was a 8.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 442,815 shares of company stock worth $2,201,304 over the last three months. 17.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Universal Electronics

Several institutional investors have recently made changes to their positions in UEIC. Empowered Funds LLC acquired a new stake in Universal Electronics during the second quarter worth about $349,000. Man Group plc acquired a new position in shares of Universal Electronics during the 2nd quarter worth $241,000. Hsbc Holdings PLC acquired a new position in Universal Electronics during the second quarter worth about $108,000. BlackRock Inc. bought a new position in Universal Electronics in the 2nd quarter valued at approximately $1,860,000. Finally, GSA Capital Partners LLP bought a new position in shares of Universal Electronics in the 2nd quarter valued at $83,000. 79.35% of the stock is currently owned by institutional investors.

Universal Electronics Company Profile

Universal Electronics Inc NASDAQ: UEIC designs, develops, manufactures and distributes entertainment and smart-home control products. Its portfolio includes universal remote controls, replacement remotes, connected home-control solutions and related accessories used with televisions, streaming devices, audio equipment, set-top boxes and other consumer electronics.

The company serves consumers through retail and e-commerce channels and also works with consumer-electronics manufacturers, cable and satellite providers, telecommunications companies and other service providers.

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