Universal Electronics (NASDAQ:UEIC) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded Universal Electronics to a “hold” rating, though the analyst consensus remains “Reduce” with a $4.25 target price.
• UEIC shares opened at $5.55, up 1.1%, after the company reported quarterly EPS of $0.34—well above the $0.03 consensus estimate—despite revenue falling short of expectations.
• Insiders sold 442,815 shares worth approximately $2.2 million last quarter, while institutional investors own 79.35% of the company.

Universal Electronics (NASDAQ:UEIC - Get Free Report) was upgraded by stock analysts at Zacks Research to a "hold" rating in a report released on Monday, Zacks reports.

Other research analysts also recently issued research reports about the company. Wall Street Zen upgraded Universal Electronics to a "buy" rating in a research note on Saturday, September 12th. Weiss Ratings reissued a "sell (d-)" rating on shares of Universal Electronics in a report on Friday, September 18th. Finally, Rosenblatt Securities restated a "neutral" rating and issued a $5.00 price objective on shares of Universal Electronics in a research report on Friday, August 7th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Universal Electronics currently has a consensus rating of "Reduce" and a consensus target price of $4.25.

Universal Electronics Trading Up 1.1%

Universal Electronics stock opened at $5.55 on Monday. Universal Electronics has a 1-year low of $2.69 and a 1-year high of $5.99. The firm has a market capitalization of $71.51 million, a price-to-earnings ratio of -4.78 and a beta of 1.19. The firm has a 50 day simple moving average of $4.96 and a 200 day simple moving average of $4.51.

Universal Electronics (NASDAQ:UEIC - Get Free Report) last posted its earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.31. The firm had revenue of $73.24 million for the quarter, compared to the consensus estimate 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. On average, equities research analysts forecast that Universal Electronics will post 0.25 EPS for the current year.

Insiders Place Their Bets

In related news, insider Toro 18 Holdings Llc sold 105,541 shares of the firm's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $4.63, for a total transaction of $488,654.83. Following the transaction, the insider directly owned 1,101,832 shares of the company's stock, valued at approximately $5,101,482.16. This trade represents a 8.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 442,815 shares of company stock worth $2,201,304 in the last quarter. Company insiders own 17.10% of the company's stock.

Institutional Inflows and Outflows

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