NASDAQ:UEIC

Universal Electronics (UEIC) Stock Forecast, Price & News

$8.99

+0.11 (+1.24%)

(As of 09/28/2023 ET)

Compare

Today's Range: $8.64
▼
$9.00
50-Day Range: $8.45
▼
$11.66
52-Week Range: $7.59
▼
$25.91

Volume: 42,065 shs
Average Volume: 161,141 shs
Market Capitalization: $116.06 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $21.67

Universal Electronics MarketRank™ Forecast

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 141.0% Upside
$21.67 Price Target
Short Interest: Healthy
1.70% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.64
Upright™ Environmental Score
News Sentiment: 0.50
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$182,308 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($6.03) to ($0.87) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.38 out of 5 stars

Computer And Technology Sector

246th out of 602 stocks

Household Audio & Video Equipment Industry

4th out of 7 stocks

3.2

Analyst's Opinion

Consensus Rating
Universal Electronics has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $21.67, Universal Electronics has a forecasted upside of 141.0% from its current price of $8.99.
Amount of Analyst Coverage
Universal Electronics has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.70% of the float of Universal Electronics has been sold short.
Short Interest Ratio / Days to Cover
Universal Electronics has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Universal Electronics has recently increased by 1.86%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Universal Electronics does not currently pay a dividend.
Dividend Growth
Universal Electronics does not have a long track record of dividend growth.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Universal Electronics has received a 27.51% net impact score from Upright. Universal Electronics seems to create the most significant positive value in categories "Taxes", "Jobs", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Universal remote controllers", "Wireless access points", and "Cloud management tools" products. See details.
Environmental Sustainability
The Environmental Impact score for Universal Electronics is -1.64.

2.5

News and Social Media Coverage

News Sentiment
Universal Electronics has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Universal Electronics this week, compared to 1 article on an average week.
MarketBeat Follows
1 people have added Universal Electronics to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Universal Electronics insiders have bought more of their company's stock than they have sold. Specifically, they have bought $182,308.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 8.91% of the stock of Universal Electronics is held by insiders.
Percentage Held by Institutions
79.18% of the stock of Universal Electronics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Universal Electronics are expected to grow in the coming year, from ($6.03) to ($0.87) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Universal Electronics is -1.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Universal Electronics is -1.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Universal Electronics has a P/B Ratio of 0.42. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Universal Electronics (NASDAQ:UEIC) Stock

Universal Electronics Inc. designs, develops, manufactures, and sells pre-programmed and universal control products, audio-video (AV) accessories, and intelligent wireless security and smart home products for video services, consumer electronics, security, home automation, climate control, and home appliance markets. The company offers universal radio frequency (RF) and infrared remote controls primarily for sale to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; integrated circuits on which its software and universal device control database is embedded for sale to OEMs, video service providers, and private label customers; and software, firmware, and technology solutions that enable devices, such as televisions, set-top boxes, audio systems, smart speakers, game consoles, and other consumer electronic and smart home devices to connect and interact with home networks and interactive services to control and deliver home entertainment, smart home services, and device or system information. It also provides cloud-services that support its embedded software and hardware solutions; intellectual property that the company licenses principally to OEMs and video service providers; RF sensors for residential security, safety, and home automation applications; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems, primarily to OEM customers, as well as hotels and hospitality system integrators; and AV accessories to consumers, including universal remote controls, television wall mounts, and stands and digital television antennas. The company also serves through a network of national and regional distributors and dealers. It sells its products in the United States, the People's Republic of China, Asia, Europe, Latin America, and internationally. The company was incorporated in 1986 and is headquartered in Scottsdale, Arizona.

UEIC Price History

30 days | 90 days | 365 days | Advanced Chart

UEIC Stock News Headlines

September 28, 2023 | finance.yahoo.com

Hayward Holdings, Inc. (HAYW) Soars 8.0%: Is Further Upside Left in the Stock?

September 28, 2023 | americanbankingnews.com

Universal Electronics (NASDAQ:UEIC) Stock Crosses Above 200-Day Moving Average of $9.55

September 28, 2023 | Stansberry Research (Ad)

Is NVIDIA Leading a "Magnificent Seven Bubble"?

The world’s massive tech leaders may be in a bubble, led by NVIDIA’s enormous rise this year. What happens next could affect all stocks.

September 15, 2023 | businesswire.com

UEI Unveils Environmentally Sustainable Products and Solutions at IBC 2023

September 14, 2023 | finance.yahoo.com

Insider Buying: SVP and CFO Bryan Hackworth Acquires 5,100 Shares of Universal Electronics Inc ...

September 6, 2023 | finance.yahoo.com

Universal Electronics Inc. to Participate in the Sidoti Small-Cap Conference on September 20-21, 2023

August 16, 2023 | finance.yahoo.com

Universal Electronics Inc. to Participate in Rosenblatt's 3rd Annual Technology Summit on Tuesday, August 22, 2023

August 13, 2023 | finance.yahoo.com

Universal Electronics Chairman & CEO Acquires 3.9% More Stock

September 28, 2023 | Behind the Markets (Ad)

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Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...

August 3, 2023 | finance.yahoo.com

Universal Electronics Reports Financial Results for the Second Quarter 2023

August 3, 2023 | finance.yahoo.com

Universal Electronics (UEIC) Reports Q2 Loss, Tops Revenue Estimates

August 2, 2023 | finance.yahoo.com

UEIC - Universal Electronics Inc.

July 20, 2023 | finance.yahoo.com

Universal Electronics Inc. to Host Second Quarter 2023 Financial Results Conference Call on August 3rd

June 27, 2023 | insidermonkey.com

Here’s Why Universal Electronics (UEIC) Declined in Q1

May 19, 2023 | finance.yahoo.com

These Return Metrics Don't Make Universal Electronics (NASDAQ:UEIC) Look Too Strong

May 15, 2023 | finance.yahoo.com

Universal Electronics Inc. to Participate in the B. Riley 23rd Annual Institutional Investor Conference on Wednesday, May 24, 2023

May 5, 2023 | marketwatch.com

Universal Electronics Reports Financial Results for the First Quarter 2023

May 4, 2023 | msn.com

Recap: Universal Electronics Q1 Earnings

May 4, 2023 | finance.yahoo.com

Universal Electronics (UEIC) Reports Q1 Loss, Tops Revenue Estimates

April 20, 2023 | finance.yahoo.com

Universal Electronics Inc. to Host First Quarter 2023 Financial Results Conference Call on May 4th

April 5, 2023 | finance.yahoo.com

Universal Electronics (NASDAQ:UEIC) investors are sitting on a loss of 81% if they invested five years ago

March 16, 2023 | finance.yahoo.com

Is Universal Electronics Inc. (NASDAQ:UEIC) Potentially Undervalued?

March 15, 2023 | msn.com

Analyst Expectations for Universal Electronics's Future

March 13, 2023 | finance.yahoo.com

Universal Electronics Inc. to Participate in the Sidoti Small-Cap Conference on Wednesday, March 22-23, 2023

February 19, 2023 | finance.yahoo.com

Analysts Just Shaved Their Universal Electronics Inc. (NASDAQ:UEIC) Forecasts Dramatically

February 17, 2023 | marketwatch.com

: Universal Electronics downgraded to neutral from buy at B. Riley

February 16, 2023 | msn.com

Universal Electronics Non-GAAP EPS of $0.44 misses by $0.34, revenue of $122.76M misses by $7.83M

See More Headlines

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UEIC Company Calendar

Last Earnings: 8/03/2023
Today: 9/28/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Household audio & video equipment
Sub-Industry: Consumer Electronics
Sector: Computer and Technology
Current Symbol: NASDAQ:UEIC
CUSIP: 91348310
CIK: 101984
Web: www.uei.com
Phone: (480) 530-3000
Fax: 714-918-4100
Employees: 4,658
Year Founded: 1986

Price Target and Rating

Average Stock Price Forecast: $21.67
High Stock Price Forecast: $29.00
Low Stock Price Forecast: $16.00
Forecasted Upside/Downside: +146.8%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($5.59)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $410,000.00
Net Margins: -14.67%
Pretax Margin: -13.22%
Return on Equity: -9.45%
Return on Assets: -4.90%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.61
Quick Ratio: 1.00

Sales & Book Value

Annual Sales: $542.75 million
Price / Sales: 0.21
Cash Flow: $1.96 per share
Price / Cash Flow: 4.49
Book Value: $21.17 per share
Price / Book: 0.41

Miscellaneous

Outstanding Shares: 12,910,000
Free Float: 11,759,000
Market Cap: $113.35 million
Optionable: Optionable
Beta: 1.33

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Key Executives

Mr. Paul D. Arling (Age 61)
Chairman & CEO
Comp: $857.27k

Mr. Bryan M. Hackworth (Age 53)
CFO & Sr. VP
Comp: $423.8k

Mr. Richard K. Carnifax (Age 36)
VP of Manufacturing & Operations
Comp: $266.85k

Mr. Ramzi S. Ammari (Age 57)
Sr. VP of Corp. Planning & Strategy
Comp: $418.33k

Mr. Menno V. Koopmans (Age 47)
Non-Exec. Officer
Comp: $325k

Mr. Richard A. Firehammer Jr. (Age 65)
Esq., Sr. VP, Gen. Counsel, Head of Global Compliance & Sec.

Mr. Cheung Hyen Chong (Age 61)
Exec. VP of Global Sales

Dr. Norman G. Sheridan Ph.D. (Age 61)
, Sr. VP of Engineering

Mr. Stephen L. Gutman
Sr. VP of Global Sales of Subscription Broadcast

Mr. Hrag G. Ohannessian
Sr. VP of Global Sales for Home Automation, Security and Hospitality

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

UEIC Stock - Frequently Asked Questions

Should I buy or sell Universal Electronics stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Universal Electronics in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" UEIC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in UEIC, but not buy additional shares or sell existing shares.
View UEIC analyst ratings or view top-rated stocks.
What is Universal Electronics' stock price forecast for 2023?: 3 equities research analysts have issued 1 year price objectives for Universal Electronics' shares. Their UEIC share price forecasts range from $16.00 to $29.00. On average, they predict the company's share price to reach $21.67 in the next twelve months. This suggests a possible upside of 146.8% from the stock's current price.
View analysts price targets for UEIC or view top-rated stocks among Wall Street analysts.
How have UEIC shares performed in 2023?: Universal Electronics' stock was trading at $20.81 at the beginning of 2023. Since then, UEIC stock has decreased by 57.8% and is now trading at $8.78.
View the best growth stocks for 2023 here.
When is Universal Electronics' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our UEIC earnings forecast.
How were Universal Electronics' earnings last quarter?: Universal Electronics Inc. (NASDAQ:UEIC) announced its earnings results on Thursday, August, 3rd. The technology company reported ($0.81) EPS for the quarter, missing analysts' consensus estimates of ($0.51) by $0.30. The technology company earned $107.39 million during the quarter, compared to analyst estimates of $105.72 million. Universal Electronics had a negative net margin of 14.67% and a negative trailing twelve-month return on equity of 9.45%.
What ETF holds Universal Electronics' stock ?: Invesco Nasdaq Future Gen 200 ETF holds 4,349 shares of UEIC stock, representing 0.71% of its portfolio.
What guidance has Universal Electronics issued on next quarter's earnings?: Universal Electronics updated its third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of $0.02-$0.12 for the period, compared to the consensus EPS estimate of $0.07. The company issued revenue guidance of $108.00 million-$118.00 million, compared to the consensus revenue estimate of $117.28 million.
What is Paul D. Arling's approval rating as Universal Electronics' CEO?: 39 employees have rated Universal Electronics Chief Executive Officer Paul D. Arling on Glassdoor.com. Paul D. Arling has an approval rating of 67% among the company's employees.

What other stocks do shareholders of Universal Electronics own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Universal Electronics investors own include Advanced Micro Devices (AMD), AmerisourceBergen (ABC), QUALCOMM (QCOM), Skyworks Solutions (SWKS), Walgreens Boots Alliance (WBA), Weyerhaeuser (WY), Agilent Technologies (A), AbbVie (ABBV), NXP Semiconductors (NXPI) and Vivint Solar (VSLR).
What is Universal Electronics' stock symbol?: Universal Electronics trades on the NASDAQ under the ticker symbol "UEIC."
Who are Universal Electronics' major shareholders?: Universal Electronics' stock is owned by many different institutional and retail investors. Top institutional shareholders include The Manufacturers Life Insurance Company (5.49%), William Blair Investment Management LLC (4.54%), Dimensional Fund Advisors LP (4.01%), Acadian Asset Management LLC (2.95%), Lapides Asset Management LLC (2.60%) and Walleye Capital LLC (2.43%). Insiders that own company stock include Bryan M Hackworth, David Cheung Hyen Chong, Edward K Zinser, Paul D Arling, Romulo Pontual, Satjiv S Chahil and William C Mulligan.
View institutional ownership trends.
How do I buy shares of Universal Electronics?: Shares of UEIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Universal Electronics' stock price today?: One share of UEIC stock can currently be purchased for approximately $8.78.
How much money does Universal Electronics make?: Universal Electronics (NASDAQ:UEIC) has a market capitalization of $113.35 million and generates $542.75 million in revenue each year. The technology company earns $410,000.00 in net income (profit) each year or ($5.59) on an earnings per share basis.
How many employees does Universal Electronics have?: The company employs 4,658 workers across the globe.
How can I contact Universal Electronics?: Universal Electronics' mailing address is 15147 N. Scottsdale Road Suite H300, Scottsdale AZ, 85254. The official website for the company is www.uei.com. The technology company can be reached via phone at (480) 530-3000, via email at uei@lhai.com, or via fax at 714-918-4100.

This page (NASDAQ:UEIC) was last updated on 9/28/2023 by MarketBeat.com Staff

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