Universal Electronics (UEIC) Stock Forecast, Price & News

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.
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3 Wall Street analysts have issued 12 month target prices for Universal Electronics' stock. Their UEIC share price forecasts range from $16.00 to $29.00. On average, they anticipate the company's share price to reach $21.67 in the next year. This suggests a possible upside of 158.6% from the stock's current price.
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Universal Electronics' stock was trading at $20.81 at the beginning of the year. Since then, UEIC shares have decreased by 59.7% and is now trading at $8.38.
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Universal Electronics saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 399,800 shares, a decrease of 16.4% from the April 30th total of 478,200 shares. Based on an average daily volume of 272,300 shares, the short-interest ratio is presently 1.5 days. Approximately 3.3% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Universal Electronics Inc. (NASDAQ:UEIC) released its quarterly earnings data on Wednesday, February, 17th. The technology company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.18. The technology company had revenue of $156.26 million for the quarter, compared to the consensus estimate of $150.61 million. Universal Electronics had a negative net margin of 11.19% and a negative trailing twelve-month return on equity of 3.55%.

ETFs with the largest weight of Universal Electronics (NASDAQ:UEIC) stock in their portfolio include Invesco Nasdaq Future Gen 200 ETF (QQQS) and SPDR S&P Kensho Intelligent Structures ETF (SIMS) and

Universal Electronics issued an update on its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of -$0.25--$0.15 for the period, compared to the consensus estimate of -$0.02. The company issued revenue guidance of $105.00 million-$115.00 million, compared to the consensus revenue estimate of $108.89 million.

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.

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).

Universal Electronics trades on the NASDAQ under the ticker symbol "UEIC."

Universal Electronics' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.56%), Dimensional Fund Advisors LP (5.46%), William Blair Investment Management LLC (4.47%), Ameriprise Financial Inc. (4.39%), Lapides Asset Management LLC (3.63%) and State Street Corp (2.10%). Insiders that own company stock include Bryan M Hackworth, Edward K Zinser, Richard A Firehammer, Jr, Satjiv S Chahil and William C Mulligan.
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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.
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One share of UEIC stock can currently be purchased for approximately $8.38.

Universal Electronics (NASDAQ:UEIC) has a market capitalization of $107.77 million and generates $542.75 million in revenue each year. The technology company earns $410,000.00 in net income (profit) each year or ($4.55) on an earnings per share basis.

The company employs 4,658 workers across the globe.

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.