By otakuyassine3@gmail.com 
Universal Electronics (NASDAQ:UEIC – Get Free Report) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.
A number of other equities research analysts have also recently commented on UEIC. B. Riley raised shares of Universal Electronics from a “neutral” rating to a “buy” rating and increased their target price for the company from $11.00 to $14.00 in a research report on Monday, November 11th. Rosenblatt Securities upgraded Universal Electronics from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Friday, November 8th.
Check Out Our Latest Stock Analysis on UEIC
Universal Electronics Stock Performance
UEIC traded down $0.07 on Friday, hitting $10.83. The company had a trading volume of 61,604 shares, compared to its average volume of 62,876. The stock has a market capitalization of $141.09 million, a price-to-earnings ratio of -5.28 and a beta of 1.20. The stock has a fifty day moving average price of $10.17 and a 200-day moving average price of $10.22. Universal Electronics has a 12-month low of $7.53 and a 12-month high of $14.20.
Insider Activity at Universal Electronics
In other Universal Electronics news, Director Edward K. Zinser sold 2,500 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $10.68, for a total transaction of $26,700.00. Following the sale, the director now owns 38,062 shares in the company, valued at approximately $406,502.16. The trade was a 6.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Paul D. Arling sold 13,185 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $11.73, for a total value of $154,660.05. Following the completion of the transaction, the chief executive officer now owns 283,615 shares of the company’s stock, valued at approximately $3,326,803.95. The trade was a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.37% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Universal Electronics
A number of large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new stake in Universal Electronics in the second quarter valued at $122,000. Jane Street Group LLC acquired a new position in shares of Universal Electronics in the 3rd quarter valued at about $163,000. Barclays PLC boosted its stake in shares of Universal Electronics by 33.5% in the third quarter. Barclays PLC now owns 21,943 shares of the technology company’s stock worth $202,000 after buying an additional 5,512 shares during the last quarter. Sei Investments Co. acquired a new stake in Universal Electronics during the second quarter worth about $212,000. Finally, Empowered Funds LLC raised its position in Universal Electronics by 5.3% during the third quarter. Empowered Funds LLC now owns 42,980 shares of the technology company’s stock valued at $397,000 after acquiring an additional 2,144 shares in the last quarter. Hedge funds and other institutional investors own 79.35% of the company’s stock.
About Universal Electronics
Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People’s Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.
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