Universal Electronics (NASDAQ:UEIC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Universal Electronics (NASDAQ:UEIC - Free Report) from a buy rating to a strong-buy rating in a report published on Monday.

Several other equities research analysts also recently commented on UEIC. B. Riley raised Universal Electronics from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $11.00 to $14.00 in a report on Monday, November 11th. Rosenblatt Securities raised Universal Electronics from a "neutral" rating to a "buy" rating and set a $15.00 target price on the stock in a report on Friday, November 8th.

Universal Electronics Trading Up 0.2 %

Universal Electronics stock traded up $0.02 during mid-day trading on Monday, hitting $9.78. The company had a trading volume of 34,592 shares, compared to its average volume of 54,936. The stock's 50 day moving average price is $10.56 and its two-hundred day moving average price is $9.86. Universal Electronics has a 12 month low of $7.53 and a 12 month high of $14.20. The company has a market capitalization of $127.43 million, a PE ratio of -4.77, a price-to-earnings-growth ratio of 3.96 and a beta of 1.19.

Insider Activity

In other news, CEO Paul D. Arling sold 13,185 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $11.73, for a total transaction of $154,660.05. Following the transaction, the chief executive officer now directly owns 283,615 shares of the company's stock, valued at $3,326,803.95. This represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 9.37% of the company's stock.

Institutional Trading of Universal Electronics

A number of hedge funds have recently bought and sold shares of UEIC. SBI Securities Co. Ltd. purchased a new stake in Universal Electronics during the fourth quarter valued at $33,000. Jane Street Group LLC purchased a new stake in Universal Electronics during the third quarter valued at $163,000. JPMorgan Chase & Co. increased its position in 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 during the last quarter. Barclays PLC increased its position in Universal Electronics by 33.5% during the third quarter. Barclays PLC now owns 21,943 shares of the technology company's stock valued at $202,000 after acquiring an additional 5,512 shares during the last quarter. Finally, Sei Investments Co. increased its position in Universal Electronics by 21.4% during the fourth quarter. Sei Investments Co. now owns 22,144 shares of the technology company's stock valued at $244,000 after acquiring an additional 3,909 shares during the last quarter. Hedge funds and other 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.