Universal Electronics (NASDAQ:UEIC) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Universal Electronics to “Buy,” although the broader analyst consensus remains “Reduce,” with two Holds, one Sell, and a $4.25 average price target.
• UEIC shares opened at $4.78, up 3.5%, with a market capitalization of approximately $61.6 million. The company’s latest quarterly EPS of $0.34 exceeded estimates of $0.03, but revenue of $73.24 million fell short of the $78.13 million forecast.
• Insiders have been selling shares: company shareholder Toro 18 Holdings sold 200,000 shares for about $1.04 million, while insiders sold approximately $2.20 million of stock over the past 90 days.

Universal Electronics (NASDAQ:UEIC - Get Free Report) was upgraded by stock analysts at Wall Street Zen to a "buy" rating in a research note issued on Saturday, Wall Street Zen reports.

UEIC has been the topic of several other research reports. Weiss Ratings raised Universal Electronics from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, June 23rd. Rosenblatt Securities restated a "neutral" rating and issued a $5.00 price target on shares of Universal Electronics in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $4.25.

Universal Electronics Stock Up 3.5%

Shares of Universal Electronics stock opened at $4.78 on Friday. The business has a fifty day simple moving average of $4.74 and a 200 day simple moving average of $4.34. The stock has a market cap of $61.61 million, a PE ratio of -4.12 and a beta of 1.18. Universal Electronics has a 12 month low of $2.69 and a 12 month high of $5.99.

Universal Electronics (NASDAQ:UEIC - Get Free Report) last released its earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.31. The firm had revenue of $73.24 million for the quarter, compared to analyst estimates 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.

Insider Buying and Selling at Universal Electronics

In related news, major shareholder Toro 18 Holdings Llc sold 200,000 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $5.22, for a total transaction of $1,044,000.00. Following the completion of the transaction, the insider directly owned 1,344,647 shares in the company, valued at approximately $7,019,057.34. This trade represents a 12.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 442,815 shares of company stock worth $2,201,304 over the last ninety days. 17.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Universal Electronics

Several hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC acquired a new position in Universal Electronics during the third quarter worth $64,000. GSA Capital Partners LLP bought a new stake in Universal Electronics during the 2nd quarter worth about $83,000. Hsbc Holdings PLC acquired a new position in shares of Universal Electronics during the 2nd quarter worth about $108,000. Quadrature Capital Ltd boosted its stake in shares of Universal Electronics by 47.6% during the 4th quarter. Quadrature Capital Ltd now owns 24,957 shares of the technology company's stock worth $90,000 after buying an additional 8,044 shares during the last quarter. Finally, Prelude Capital Management LLC grew its holdings in shares of Universal Electronics by 88.7% in the 3rd quarter. Prelude Capital Management LLC now owns 29,161 shares of the technology company's stock valued at $136,000 after acquiring an additional 13,705 shares in the last quarter. 79.35% of the stock is owned by institutional investors.

Universal Electronics Company Profile

Universal Electronics Inc NASDAQ: UEIC is a leading provider of sensing and control technologies for the smart home and consumer electronics markets. The company specializes in design, development and manufacturing of remote control devices, wireless connectivity modules and integrated sensing solutions. Its core expertise lies in infrared (IR) and radio frequency (RF) remote controls, voice-enabled control devices and universal remotes that allow consumers to manage multiple home entertainment and automation systems through a single interface.

In addition to traditional remote control products, Universal Electronics has expanded its portfolio to include Internet of Things (IoT) gateways, home-automation hubs and cloud-based management platforms.

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