Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Universal Electronics from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 21st. B. Riley cut their target price on shares of Universal Electronics from $62.00 to $53.00 in a research note on Friday, February 18th. Finally, TheStreet cut shares of Universal Electronics from a “c” rating to a “d+” rating in a research note on Thursday, May 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Universal Electronics has an average rating of “Buy” and a consensus price target of $64.33.
Shares of UEIC stock opened at $27.58 on Thursday. The stock has a market cap of $348.34 million, a P/E ratio of -70.72 and a beta of 1.10. The company has a fifty day moving average price of $30.59 and a two-hundred day moving average price of $35.07. Universal Electronics has a one year low of $26.09 and a one year high of $53.07.
In other Universal Electronics news, Director William C. Mulligan acquired 6,500 shares of the company’s stock in a transaction on Tuesday, February 22nd. The stock was acquired at an average price of $31.84 per share, for a total transaction of $206,960.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.09% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of UEIC. William Blair Investment Management LLC raised its stake in Universal Electronics by 51,022.5% in the 3rd quarter. William Blair Investment Management LLC now owns 692,710 shares of the technology company’s stock worth $34,116,000 after purchasing an additional 691,355 shares in the last quarter. Lapides Asset Management LLC increased its holdings in Universal Electronics by 32.6% in the 1st quarter. Lapides Asset Management LLC now owns 230,300 shares of the technology company’s stock valued at $7,195,000 after buying an additional 56,600 shares during the period. Sei Investments Co. bought a new position in Universal Electronics in the 4th quarter valued at about $2,116,000. The Manufacturers Life Insurance Company increased its holdings in Universal Electronics by 10.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 540,053 shares of the technology company’s stock valued at $22,008,000 after buying an additional 50,290 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Universal Electronics by 10.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 489,763 shares of the technology company’s stock valued at $24,121,000 after buying an additional 47,016 shares during the period. Institutional investors and hedge funds own 87.74% of the company’s stock.
About Universal Electronics (Get Rating)
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.
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