Universal Electronics (NASDAQ:UEIC) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Universal Electronics (NASDAQ:UEIC) to a buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Other analysts have also issued reports about the company. Rosenblatt Securities restated a “neutral” rating and issued a $5.00 price target on shares of Universal Electronics in a report on Friday, August 7th. Weiss Ratings raised Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Universal Electronics has a consensus rating of “Reduce” and an average target price of $4.25.

Universal Electronics Stock Performance

Shares of UEIC opened at $4.78 on Friday. Universal Electronics has a twelve month low of $2.69 and a twelve month high of $5.99. The firm’s 50 day moving average price is $4.74 and its two-hundred day moving average price is $4.34. The firm has a market cap of $61.61 million, a P/E ratio of -4.12 and a beta of 1.18.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.31. The company had revenue of $73.24 million during the quarter, compared to analysts’ expectations of $78.13 million. Universal Electronics had a negative net margin of 4.57% and a positive return on equity of 2.70%. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Universal Electronics Announces Dividend

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

Insider Buying and Selling at Universal Electronics

In related news, major shareholder Toro 18 Holdings Llc sold 200,000 shares of Universal Electronics stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $5.22, for a total value of $1,044,000.00. Following the sale, the insider owned 1,344,647 shares of the company’s stock, valued at approximately $7,019,057.34. The trade was a 12.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 442,815 shares of company stock valued at $2,201,304. 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 the stock. BlackRock Inc. acquired a new position in Universal Electronics during the second quarter worth $1,860,000. Hsbc Holdings PLC acquired a new stake in Universal Electronics in the second quarter valued at $108,000. XTX Topco Ltd grew its position in shares of Universal Electronics by 41.5% in the 4th quarter. XTX Topco Ltd now owns 36,175 shares of the technology company’s stock valued at $131,000 after acquiring an additional 10,604 shares during the period. Quadrature Capital Ltd grew its position in shares of Universal Electronics by 47.6% in the 4th quarter. Quadrature Capital Ltd now owns 24,957 shares of the technology company’s stock valued at $90,000 after acquiring an additional 8,044 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Universal Electronics by 13.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 51,272 shares of the technology company’s stock valued at $185,000 after acquiring an additional 5,932 shares during the period. 79.35% of the stock is currently owned by institutional investors.

About Universal Electronics

Universal Electronics Inc (NASDAQ:UEIC) is a leading provider of sensing and control technologies for the smart home and consumer electronics markets. The company specializes in design, development and manufacturing of remote control devices, wireless connectivity modules and integrated sensing solutions. Its core expertise lies in infrared (IR) and radio frequency (RF) remote controls, voice-enabled control devices and universal remotes that allow consumers to manage multiple home entertainment and automation systems through a single interface.

In addition to traditional remote control products, Universal Electronics has expanded its portfolio to include Internet of Things (IoT) gateways, home-automation hubs and cloud-based management platforms.