Price Action to Note: Is Universal Electronics Inc a Sell? The Stock Declines Again

Price Action to Note: Is Universal Electronics Inc a Sell? The Stock Declines Again

The stock of Universal Electronics Inc (NASDAQ:UEIC) is a huge mover today! About 630,387 shares traded hands or 784.41% up from the average. Universal Electronics Inc (NASDAQ:UEIC) has risen 9.89% since April 4, 2016 and is uptrending. It has outperformed by 8.80% the S&P500.
The move comes after 6 months negative chart setup for the $857.71M company. It was reported on Nov, 4 by Barchart.com. We have $56.03 PT which if reached, will make NASDAQ:UEIC worth $60.04 million less.

Universal Electronics Inc (NASDAQ:UEIC) Ratings Coverage

Out of 3 analysts covering Universal Electronics Inc. (NASDAQ:UEIC), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Universal Electronics Inc. has been the topic of 5 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Thursday, March 10 by Sidoti. The stock of Universal Electronics Inc (NASDAQ:UEIC) earned “Buy” rating by Sidoti on Friday, July 22. As per Saturday, August 8, the company rating was maintained by B. Riley & Co. The rating was maintained by B Riley with “Neutral” on Friday, August 7. The stock of Universal Electronics Inc (NASDAQ:UEIC) earned “Buy” rating by Lake Street on Friday, August 19.

According to Zacks Investment Research, “Universal Electronics Inc. develops software, and builds and markets pre-programmed, easy-to-use wireless control devices and chips principally for home entertainment equipment and the subscription broadcast market. The company’s product lines under development include wireless interface technologies, such as combination keyboard/remotes and touch-screen remotes. The company licenses its patented technologies and database of infrared codes to companies selling into the cable and satellite industries, and to original equipment manufacturers. (PRESS RELEASE)”

Insitutional Activity: The institutional sentiment decreased to 0.87 in Q2 2016. Its down 0.48, from 1.35 in 2016Q1. The ratio dived, as 11 funds sold all Universal Electronics Inc shares owned while 56 reduced positions. 18 funds bought stakes while 40 increased positions. They now own 12.61 million shares or 2.75% less from 12.96 million shares in 2016Q1.
Manatuck Hill Prtn Ltd holds 1.91% or 60,000 shares in its portfolio. Victory Cap Mgmt Inc holds 0% of its portfolio in Universal Electronics Inc (NASDAQ:UEIC) for 1,469 shares. The California-based Nwq Invest Mgmt Limited Co has invested 0.28% in Universal Electronics Inc (NASDAQ:UEIC). Blair William Company Il accumulated 0% or 6,210 shares. Barclays Public Limited last reported 0% of its portfolio in the stock. Blackrock Institutional Trust Company Na has 368,459 shares for 0% of their US portfolio. Princeton Management, a New Jersey-based fund reported 25,742 shares. New York State Common Retirement Fund has invested 0% of its portfolio in Universal Electronics Inc (NASDAQ:UEIC). The Tennessee-based First Mercantile Trust Comm has invested 0.06% in Universal Electronics Inc (NASDAQ:UEIC). Aqr Capital Ltd Liability Co has invested 0% of its portfolio in Universal Electronics Inc (NASDAQ:UEIC). Sei Investments Company has invested 0.01% of its portfolio in Universal Electronics Inc (NASDAQ:UEIC). Moreover, Suntrust Banks has 0% invested in Universal Electronics Inc (NASDAQ:UEIC) for 6,483 shares. Teachers Retirement Sys Of The State Of Kentucky, a Kentucky-based fund reported 6,200 shares. The Florida-based Raymond James Associates has invested 0% in Universal Electronics Inc (NASDAQ:UEIC). Teacher Retirement System Of Texas last reported 0% of its portfolio in the stock.

Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 15 insider sales for $8.35 million net activity. On Tuesday, August 23 the insider ARLING PAUL D sold $1.61M. $173,417 worth of shares were sold by FIREHAMMER RICHARD A JR on Tuesday, May 24. 398 shares were sold by HUGHES LOUIS SYLVESTER, worth $30,276 on Friday, September 2. Shares for $265,195 were sold by Chong David Cheung Hyen. ZINSER EDWARD K had sold 2,600 shares worth $178,615 on Friday, May 27. $677,482 worth of shares were sold by SPARKMAN J C on Tuesday, September 6. $1.80 million worth of Universal Electronics Inc (NASDAQ:UEIC) was sold by Hackworth Bryan M on Thursday, August 18.

More news for Universal Electronics Inc (NASDAQ:UEIC) were recently published by: Businesswire.com, which released: “Universal Electronics Reports Third Quarter 2016 Financial Results” on November 03, 2016. Benzinga.com‘s article titled: “Universal Electronics Initiated With Buy Rating At Lake Street Capital” and published on August 18, 2016 is yet another important article.

UEIC Company Profile

Universal Electronics Inc. (UEI), incorporated on November 21, 1986, develops control and sensor technology solutions and makes a line of pre-programmed and universal remote control products, audio-video (AV) accessories, and intelligent wireless security and automation components. The Company’s offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls that are sold primarily to subscription broadcasting providers (cable, satellite and Internet Protocol television (IPTV)), original equipment manufacturers (OEMs), retailers, and private label customers, and integrated circuits, on which its software and universal device control database is embedded, sold primarily to OEMs, subscription broadcasting providers, and private label customers. The Company’s offerings also include software, firmware and technology solutions that 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; intellectual property which it licenses primarily to OEMs, software development companies, private label customers, and subscription broadcasting providers; RF sensors designed for residential security, safety and automation applications, and AV accessories sold, directly and indirectly, to consumers.

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