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HomeGADGETSELECTRONICSUniversal Electronics (UEIC) to Release Earnings on Thursday

Universal Electronics (UEIC) to Release Earnings on Thursday

Universal Electronics (NASDAQ:UEICGet Free Report) will be posting its quarterly earnings results after the market closes on Thursday, February 15th. Analysts expect Universal Electronics to post earnings of ($0.01) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Universal Electronics Stock Down 3.1 %

Universal Electronics stock opened at $8.38 on Thursday. Universal Electronics has a twelve month low of $7.02 and a twelve month high of $25.37. The firm has a 50 day moving average price of $8.57 and a 200-day moving average price of $8.83. The company has a market capitalization of $108.52 million, a P/E ratio of -1.09 and a beta of 1.16.

Analyst Ratings Changes

UEIC has been the topic of a number of recent research reports. B. Riley dropped their price target on shares of Universal Electronics from $13.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 22nd. Rosenblatt Securities dropped their price target on shares of Universal Electronics from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, November 3rd.

Read Our Latest Report on UEIC

Insider Activity

In related news, major shareholder Toro 18 Holdings Llc acquired 42,277 shares of the stock in a transaction dated Monday, November 27th. The shares were purchased at an average price of $7.52 per share, for a total transaction of $317,923.04. Following the transaction, the insider now owns 1,464,474 shares in the company, valued at approximately $11,012,844.48. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders have purchased 72,625 shares of company stock worth $547,625. 8.91% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Universal Electronics

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its holdings in shares of Universal Electronics by 117.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,408 shares of the technology company’s stock valued at $28,000 after purchasing an additional 761 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in Universal Electronics in the 3rd quarter worth $80,000. UBS Group AG grew its holdings in Universal Electronics by 64.9% in the 4th quarter. UBS Group AG now owns 5,363 shares of the technology company’s stock worth $112,000 after acquiring an additional 2,111 shares during the last quarter. BNP Paribas Arbitrage SNC grew its holdings in Universal Electronics by 35.8% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 6,908 shares of the technology company’s stock worth $136,000 after acquiring an additional 1,820 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in Universal Electronics by 21.3% in the 4th quarter. Citigroup Inc. now owns 6,972 shares of the technology company’s stock worth $145,000 after acquiring an additional 1,222 shares during the last quarter. Institutional investors own 79.18% of the company’s stock.

About Universal Electronics

(Get Free Report)

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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