Zacks Investment Research cut shares of Universal Electronics (NASDAQ:UEIC) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

According to Zacks, “Universal Electronics Inc. is the worldwide leader in universal control and sensing technologies for the smart home. The company designs, develops, manufactures and ships over 500 innovative products that are used by the world’s leading brands in the audio video, subscription broadcasting, connected home, tablet and smart phone markets. Its offers universal infrared and radio frequency (RF) remote controls; integrated circuits on which its software and universal device control database is embedded; and software, firmware, and technology solutions, which enable devices, such as televisions, set-top boxes, stereos, smart phones, tablets, gaming controllers, and other consumer electronic devices to wirelessly connect and interact with home networks and interactive services to control and deliver digital entertainment and information. It serves cable and satellite television service providers; original equipment manufacturers; software development companies; subscription broadcasting providers. “

Other research analysts also recently issued research reports about the stock. B. Riley set a $42.00 target price on shares of Universal Electronics and gave the stock a hold rating in a report on Friday, August 3rd. BidaskClub upgraded shares of Universal Electronics from a hold rating to a buy rating in a report on Tuesday, July 10th. Sidoti downgraded shares of Universal Electronics from a buy rating to a neutral rating and set a $44.00 target price on the stock. in a report on Tuesday, September 4th. TheStreet upgraded shares of Universal Electronics from a d+ rating to a c rating in a report on Friday, August 3rd. Finally, ValuEngine upgraded shares of Universal Electronics from a sell rating to a hold rating in a report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Universal Electronics presently has an average rating of Hold and a consensus target price of $43.00.

UEIC traded up $5.13 during trading on Wednesday, hitting $36.80. The stock had a trading volume of 322,876 shares, compared to its average volume of 84,372. The company has a market capitalization of $453.79 million, a PE ratio of 11.05, a price-to-earnings-growth ratio of 10.94 and a beta of 1.32. Universal Electronics has a 12 month low of $26.97 and a 12 month high of $56.35. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.33 and a quick ratio of 0.84.

Universal Electronics (NASDAQ:UEIC) last announced its earnings results on Thursday, November 8th. The technology company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.36 by $0.33. The firm had revenue of $182.72 million for the quarter, compared to the consensus estimate of $184.11 million. Universal Electronics had a net margin of 1.02% and a return on equity of 15.77%. Analysts anticipate that Universal Electronics will post 0.2 earnings per share for the current year.

In other news, insider Richard A. Firehammer, Jr. sold 4,032 shares of the business’s stock in a transaction dated Tuesday, September 25th. The shares were sold at an average price of $40.07, for a total transaction of $161,562.24. Following the transaction, the insider now owns 4,032 shares in the company, valued at approximately $161,562.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.97% of the company’s stock.

Several large investors have recently bought and sold shares of UEIC. Wells Fargo & Company MN increased its holdings in shares of Universal Electronics by 3.6% during the 1st quarter. Wells Fargo & Company MN now owns 45,383 shares of the technology company’s stock worth $2,362,000 after purchasing an additional 1,587 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Universal Electronics by 344.8% during the 1st quarter. JPMorgan Chase & Co. now owns 22,288 shares of the technology company’s stock worth $1,160,000 after purchasing an additional 17,277 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Universal Electronics by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 109,653 shares of the technology company’s stock worth $5,707,000 after purchasing an additional 2,599 shares during the period. Foundry Partners LLC bought a new position in shares of Universal Electronics during the 2nd quarter worth about $8,135,000. Finally, First Mercantile Trust Co. increased its holdings in shares of Universal Electronics by 17.4% during the 2nd quarter. First Mercantile Trust Co. now owns 9,797 shares of the technology company’s stock worth $324,000 after purchasing an additional 1,451 shares during the period.

About Universal Electronics

Universal Electronics Inc develops and manufactures pre-programmed and universal control products, audio-video (AV) accessories, software and intelligent wireless security products, and sensing and automation components for home entertainment and automation systems. The company offers universal infrared and radio frequency (RF) remote controls; integrated circuits on which its software and universal device control database is embedded; and software, firmware, and technology solutions that enable devices, including televisions, set-top boxes, audio systems, smartphones, tablets, game controllers, and other consumer electronic devices to wirelessly connect and interact with home networks, as well as interactive services to control and deliver digital entertainment and information.

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