Universal Electronics (NASDAQ:UEIC) Downgraded to Buy Rating by StockNews.com

Universal Electronics (NASDAQ:UEIC) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

UEIC has been the subject of a number of other research reports. B. Riley upgraded Universal Electronics from a “neutral” rating to a “buy” rating and lifted their price target for the company from $11.00 to $14.00 in a research report on Monday, November 11th. Rosenblatt Securities upgraded shares of Universal Electronics from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Friday, November 8th.

Universal Electronics Stock Performance

Shares of UEIC stock opened at $10.29 on Friday. Universal Electronics has a 52-week low of $7.53 and a 52-week high of $14.20. The business’s fifty day moving average is $11.01 and its 200 day moving average is $10.08. The company has a market capitalization of $134.08 million, a PE ratio of -5.02, a price-to-earnings-growth ratio of 3.85 and a beta of 1.20.

Insider Transactions at Universal Electronics

In related news, Director Edward K. Zinser sold 2,500 shares of Universal Electronics stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $10.68, for a total value of $26,700.00. Following the transaction, the director now owns 38,062 shares in the company, valued at $406,502.16. This trade represents a 6.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Paul D. Arling sold 13,185 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $11.73, for a total transaction of $154,660.05. Following the sale, 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. Company insiders own 9.37% of the company’s stock.

Institutional Trading of Universal Electronics

Several large investors have recently modified their holdings of the business. Bank of New York Mellon Corp bought a new position in Universal Electronics during the 2nd quarter valued at approximately $122,000. Jane Street Group LLC bought a new position in shares of Universal Electronics during the third quarter valued at approximately $163,000. JPMorgan Chase & Co. raised its holdings in shares of Universal Electronics by 34.7% during the third quarter. JPMorgan Chase & Co. now owns 17,823 shares of the technology company’s stock valued at $165,000 after acquiring an additional 4,591 shares in the last quarter. Barclays PLC lifted its stake in 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 acquiring an additional 5,512 shares during the period. Finally, Sei Investments Co. bought a new stake in Universal Electronics in the second quarter valued at $212,000. 79.35% of the stock is owned by institutional investors.

Universal Electronics Company Profile

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.