Sentiment for Universal Electronics Inc (NASDAQ:UEIC)
Universal Electronics Inc (NASDAQ:UEIC) institutional sentiment decreased to 1.24 in 2019 Q2. Its down -1.04, from 2.28 in 2019Q1. The ratio dived, as 63 active investment managers opened new or increased stock positions, while 51 sold and reduced their holdings in Universal Electronics Inc. The active investment managers in our partner’s database now own: 12.06 million shares, down from 12.36 million shares in 2019Q1. Also, the number of active investment managers holding Universal Electronics Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 10 Reduced: 41 Increased: 35 New Position: 28.
Universal Electronics Inc. develops and makes pre-programmed and universal wireless remote control products, audio-video accessories, software, and intelligent wireless automation components for home entertainment and automation systems. The company has market cap of $739.68 million. The firm offers universal infrared and radio frequency remote controls; integrated circuits on which its software and universal device control database is embedded; and software, firmware, and technology solutions, which enable devices, such as televisions, set-top boxes, stereos, smart phones, tablets, gaming controllers, and other consumer electronic devices to wirelessly connect and interact with home networks and interactive services to control and deliver digital entertainment and information. It currently has negative earnings. It also provides proprietary and standards RF sensors for residential security, safety, and automation applications; and audio-video accessories, as well as licenses intellectual property, including its patented technologies, trademarks, and database of home connectivity software and control codes.
The stock increased 3.04% or $1.62 during the last trading session, reaching $54.93. About 82,525 shares traded. Universal Electronics Inc. (NASDAQ:UEIC) has risen 22.34% since November 8, 2018 and is uptrending. It has outperformed by 22.34% the S&P500.
Analysts await Universal Electronics Inc. (NASDAQ:UEIC) to report earnings on November, 14. They expect $0.59 earnings per share, up 742.86 % or $0.52 from last year’s $0.07 per share. UEIC’s profit will be $7.94 million for 23.28 P/E if the $0.59 EPS becomes a reality. After $-0.37 actual earnings per share reported by Universal Electronics Inc. for the previous quarter, Wall Street now forecasts -259.46 % EPS growth.
Lapides Asset Management Llc holds 2.22% of its portfolio in Universal Electronics Inc. for 117,200 shares. Pacific Ridge Capital Partners Llc owns 112,342 shares or 1.18% of their US portfolio. Moreover, Wellington Shields & Co. Llc has 0.98% invested in the company for 50,442 shares. The New York-based Walthausen & Co. Llc has invested 0.77% in the stock. Investment Counselors Of Maryland Llc, a Maryland-based fund reported 392,161 shares.
Universal Electronics Inc. (NASDAQ:UEIC) Ratings Coverage
Ratings analysis reveals 100% of Universal Electronics Inc. – Common Stock’s analysts are positive. Out of 2 Wall Street analysts rating Universal Electronics Inc. – Common Stock, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $4800 while the high is $57. The stock’s average target of $52.50 is -4.42% below today’s ($54.93) share price. UEIC was included in 5 notes of analysts from June 3, 2019. FBR Capital maintained Universal Electronics Inc. (NASDAQ:UEIC) rating on Friday, November 1. FBR Capital has “Buy” rating and $57 target. The firm has “Buy” rating by Sidoti given on Monday, June 10.
More notable recent Universal Electronics Inc. (NASDAQ:UEIC) news were published by: Businesswire.com which released: “Universal Electronics Introduces New Product and Cloud Service to Unify Entertainment Control and Home Automation Experiences – Business Wire” on January 02, 2019, also Benzinga.com with their article: “Mid-Day Market Update: NovaBay Pharmaceuticals Surges After Amazon Deal; Insys Therapeutics Shares Drop – Benzinga” published on June 10, 2019, Seekingalpha.com published: “Universal Electronics -31% on earnings miss – Seeking Alpha” on May 04, 2018. More interesting news about Universal Electronics Inc. (NASDAQ:UEIC) were released by: Globenewswire.com and their article: “Universal Electronics and DSP Group Demonstrate Hands-Free, Low Power, Voice-Activated Remote Control – GlobeNewswire” published on January 07, 2019 as well as Benzinga.com‘s news article titled: “Stocks That Hit 52-Week Highs On Monday – Benzinga” with publication date: November 04, 2019.
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