Universal Electronics (NASDAQ:UEIC) PT Raised to $11.00

Universal Electronics (NASDAQ:UEIC - Free Report) had its target price increased by B. Riley from $10.50 to $11.00 in a research note issued to investors on Monday morning, Benzinga reports. The brokerage currently has a neutral rating on the technology company's stock.

A number of other brokerages have also recently issued reports on UEIC. StockNews.com raised shares of Universal Electronics from a hold rating to a buy rating in a report on Friday, March 15th. Rosenblatt Securities reaffirmed a neutral rating and issued a $15.00 target price on shares of Universal Electronics in a report on Friday.

Universal Electronics Stock Performance

NASDAQ UEIC traded up $1.34 on Monday, reaching $12.56. The company had a trading volume of 126,454 shares, compared to its average volume of 43,393. The firm has a market capitalization of $162.90 million, a price-to-earnings ratio of -3.56 and a beta of 1.07. Universal Electronics has a 1-year low of $7.02 and a 1-year high of $12.94. The company's fifty day moving average is $9.75 and its 200-day moving average is $8.89.

Universal Electronics (NASDAQ:UEIC - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The technology company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.28). Universal Electronics had a negative return on equity of 22.59% and a negative net margin of 11.27%. The business had revenue of $97.59 million for the quarter, compared to the consensus estimate of $97.52 million. On average, research analysts forecast that Universal Electronics will post -0.31 earnings per share for the current year.

Institutional Investors Weigh In On Universal Electronics

Institutional investors and hedge funds have recently modified their holdings of the company. Clearstead Advisors LLC grew its stake in Universal Electronics by 2.8% in the 3rd quarter. Clearstead Advisors LLC now owns 45,434 shares of the technology company's stock valued at $411,000 after buying an additional 1,250 shares during the last quarter. Quadrature Capital Ltd grew its stake in Universal Electronics by 4.9% in the 4th 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 last quarter. Raymond James & Associates grew its stake in Universal Electronics by 17.2% in the 3rd quarter. Raymond James & Associates now owns 15,044 shares of the technology company's stock valued at $136,000 after buying an additional 2,206 shares during the last quarter. Victory Capital Management Inc. grew its stake in Universal Electronics by 6.1% in the 3rd quarter. Victory Capital Management Inc. now owns 58,600 shares of the technology company's stock valued at $530,000 after buying an additional 3,385 shares during the last quarter. Finally, Howland Capital Management LLC grew its stake in Universal Electronics by 20.9% in the 4th quarter. Howland Capital Management LLC now owns 21,042 shares of the technology company's stock valued at $198,000 after buying an additional 3,642 shares during the last quarter. 79.35% of the stock is owned by institutional investors.

Universal Electronics Company Profile

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.