Universal Electronics (NASDAQ:UEIC) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Universal Electronics shares moved above their 200-day moving average, reaching $5.74 and closing near $5.67, compared with a 200-day average of $4.49.
• Analyst sentiment remains cautious: the stock has an average rating of “Reduce” and a consensus price target of $4.25, despite one recent upgrade to “Buy.”
• The company reported quarterly EPS of $0.34, well above the $0.03 estimate, but revenue missed expectations; it also declared a special dividend of $0.24 per share.

Universal Electronics Inc. (NASDAQ:UEIC - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $4.49 and traded as high as $5.74. Universal Electronics shares last traded at $5.67, with a volume of 32,706 shares traded.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Universal Electronics in a report on Friday, September 18th. Wall Street Zen upgraded shares of Universal Electronics to a "buy" rating in a research note on Saturday, September 12th. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and set 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. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $4.25.

Universal Electronics Stock Performance

The stock has a market cap of $73.09 million, a P/E ratio of -4.89 and a beta of 1.19. The stock's fifty day moving average is $4.92 and its 200 day moving average is $4.49.

Universal Electronics (NASDAQ:UEIC - Get Free Report) last issued 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 business 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.

Universal Electronics Announces Dividend

The business also recently declared a special dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, August 24th will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, August 24th.

Insider Transactions at Universal Electronics

In other Universal Electronics news, insider Toro 18 Holdings Llc sold 105,541 shares of Universal Electronics stock in a transaction on Friday, September 11th. The shares were sold at an average price of $4.63, for a total transaction of $488,654.83. Following the completion of the transaction, the insider directly owned 1,101,832 shares of the company's stock, valued at $5,101,482.16. The trade was a 8.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 442,815 shares of company stock valued at $2,201,304 in the last ninety days. 17.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of UEIC. BlackRock Inc. bought a new stake in shares of Universal Electronics in the 2nd quarter worth about $1,860,000. Empowered Funds LLC boosted its stake in shares of Universal Electronics by 4.7% during the 1st quarter. Empowered Funds LLC now owns 69,266 shares of the technology company's stock worth $285,000 after purchasing an additional 3,088 shares during the period. Hsbc Holdings PLC bought a new position in Universal Electronics during the 2nd quarter valued at about $108,000. Man Group plc bought a new position in Universal Electronics during the 2nd quarter valued at about $241,000. Finally, GSA Capital Partners LLP bought a new position in Universal Electronics during the 2nd quarter valued at about $83,000. Institutional investors own 79.35% of the company's stock.

Universal Electronics Company Profile

Universal Electronics Inc NASDAQ: UEIC designs, develops, manufactures and distributes control and connectivity products for home entertainment and smart-home systems. Its offerings include universal remote controls, streaming-device remotes, replacement remotes, wireless and connected-home products, and related software and technology solutions.

The company serves consumers, retailers, consumer-electronics manufacturers, cable and satellite providers, telecommunications companies and other service providers.

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