Universal Electronics (NASDAQ:UEIC) Upgraded at B. Riley

B. Riley upgraded shares of Universal Electronics (NASDAQ:UEIC) from a neutral rating to a buy rating in a research note issued to investors on Monday, MarketBeat reports. The brokerage currently has $14.00 price target on the technology company’s stock, up from their previous price target of $11.00.

Several other research analysts also recently weighed in on UEIC. Rosenblatt Securities upgraded Universal Electronics from a “neutral” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Friday, November 8th. StockNews.com upgraded shares of Universal Electronics from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th.

Universal Electronics Stock Down 1.4 %

Shares of Universal Electronics stock opened at $10.53 on Monday. The company has a market capitalization of $137.21 million, a price-to-earnings ratio of -5.14 and a beta of 1.13. The stock’s 50-day simple moving average is $8.70 and its 200-day simple moving average is $10.28. Universal Electronics has a 52 week low of $7.17 and a 52 week high of $14.20.

Insider Buying and Selling at Universal Electronics

In other news, Director Edward K. Zinser sold 2,500 shares of the company’s stock in a transaction that occurred on 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 directly owns 38,062 shares of the company’s stock, valued at $406,502.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Universal Electronics by 1.5% in the first quarter. Vanguard Group Inc. now owns 555,163 shares of the technology company’s stock worth $5,557,000 after purchasing an additional 7,994 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Universal Electronics by 9.1% in the second quarter. Acadian Asset Management LLC now owns 499,940 shares of the technology company’s stock worth $5,804,000 after purchasing an additional 41,795 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Universal Electronics by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 392,822 shares of the technology company’s stock worth $4,565,000 after buying an additional 13,495 shares during the period. Ancora Advisors LLC lifted its holdings in Universal Electronics by 7.2% during the 1st quarter. Ancora Advisors LLC now owns 269,834 shares of the technology company’s stock valued at $2,701,000 after buying an additional 18,050 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in Universal Electronics by 5.1% in the 1st quarter. First Eagle Investment Management LLC now owns 206,175 shares of the technology company’s stock valued at $2,064,000 after buying an additional 10,096 shares during the period. Institutional investors own 79.35% of the company’s stock.

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.