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

Universal Electronics (NASDAQ:UEIC) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.

A number of other research firms also recently issued reports on UEIC. Rosenblatt Securities raised shares of 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. B. Riley raised Universal Electronics from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $11.00 to $14.00 in a research note on Monday, November 11th.

Universal Electronics Price Performance

Shares of UEIC opened at $9.79 on Tuesday. Universal Electronics has a 1-year low of $7.53 and a 1-year high of $14.20. The company has a market capitalization of $127.56 million, a P/E ratio of -4.78, a P/E/G ratio of 3.96 and a beta of 1.19. The firm’s 50 day simple moving average is $10.48 and its 200 day simple moving average is $9.80.

Insider Activity at Universal Electronics

In other Universal Electronics news, CEO Paul D. Arling sold 13,185 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 283,615 shares of the company’s stock, valued at $3,326,803.95. This represents a 4.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 9.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its position in shares of Universal Electronics by 4.3% in the 3rd quarter. Victory Capital Management Inc. now owns 53,703 shares of the technology company’s stock worth $496,000 after purchasing an additional 2,203 shares in the last quarter. Empowered Funds LLC boosted its holdings in Universal Electronics by 5.3% in the third quarter. Empowered Funds LLC now owns 42,980 shares of the technology company’s stock worth $397,000 after acquiring an additional 2,144 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Universal Electronics by 15.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,979 shares of the technology company’s stock worth $609,000 after acquiring an additional 8,706 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Universal Electronics in the 3rd quarter worth about $163,000. Finally, Barclays PLC raised its position in shares of Universal Electronics by 33.5% in the 3rd quarter. Barclays PLC now owns 21,943 shares of the technology company’s stock worth $202,000 after purchasing an additional 5,512 shares during the last quarter. 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.