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Has B. Riley FBR Gained Confidence in Universal Electronics (NASDAQ:UEIC) After Recent Upgrade

Universal Electronics Inc. (NASDAQ:UEIC) Logo

Investors sentiment decreased to 1.13 in Q2 2018. Its down 0.53, from 1.66 in 2018Q1. It worsened, as 16 investors sold Universal Electronics Inc. shares while 32 reduced holdings. 22 funds opened positions while 32 raised stakes. 12.14 million shares or 5.24% more from 11.53 million shares in 2018Q1 were reported.

Howe Rusling holds 0.01% or 1,345 shares in its portfolio. California State Teachers Retirement Sys owns 21,060 shares for 0% of their portfolio. State Of Alaska Department Of Revenue reported 0% in Universal Electronics Inc. (NASDAQ:UEIC). New York State Common Retirement Fund holds 0% or 15,500 shares in its portfolio. Prudential Financial accumulated 24,314 shares or 0% of the stock. Deutsche Bancorporation Ag, a Germany-based fund reported 22,434 shares. Teachers Retirement Of The State Of Kentucky reported 3,188 shares. Engaged Capital Limited Liability Company reported 1.06% stake. Frontier Mngmt Ltd Liability Corp stated it has 602,486 shares. State Street invested in 365,265 shares or 0% of the stock. Mason Street Advsrs Ltd Limited Liability Company accumulated 4,079 shares. Swiss Financial Bank owns 0% invested in Universal Electronics Inc. (NASDAQ:UEIC) for 24,924 shares. Citigroup Inc owns 0% invested in Universal Electronics Inc. (NASDAQ:UEIC) for 2,568 shares. Royal Comml Bank Of Canada holds 0.01% or 795,315 shares. Us Bank & Trust De owns 91 shares.

Since May 15, 2018, it had 1 insider buy, and 1 insider sale for $59,249 activity. Chong David Cheung Hyen bought $89,545 worth of stock.

Universal Electronics (NASDAQ:UEIC) Stock Upgrade

Universal Electronics (NASDAQ:UEIC) was raised by B. Riley FBR from a Neutral rating to a more respectable Buy rating in a note issued earlier today. They currently have a $42 TP on the stock, which means a possible upside of 14.13 % from the last stock close of the stock.

The stock increased 16.20% or $5.13 during the last trading session, reaching $36.8. About 322,876 shares traded or 292.41% up from the average. Universal Electronics Inc. (NASDAQ:UEIC) has declined 29.27% since November 10, 2017 and is downtrending. It has underperformed by 44.89% the S&P500.

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 $508.97 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 has a 76.51 P/E ratio. 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.

More notable recent Universal Electronics Inc. (NASDAQ:UEIC) news were published by: Nasdaq.com which released: “Mid-Morning Market Update: Markets Open Lower; II-VI To Buy Finisar In $3.2B Deal” on November 09, 2018, also Ocbj.com with their article: “Midday Stock Roundup” published on November 09, 2018, Benzinga.com published: “68 Stocks Moving In Friday’s Mid-Day Session” on November 09, 2018. More interesting news about Universal Electronics Inc. (NASDAQ:UEIC) were released by: Nasdaq.com and their article: “Universal Electronics Inc (UEIC) Q3 2018 Earnings Conference Call Transcript” published on November 09, 2018 as well as Businesswire.com‘s news article titled: “Universal Electronics Reports Third Quarter 2018 Financial Results” with publication date: November 08, 2018.

Universal Electronics Inc. (NASDAQ:UEIC) Institutional Positions Chart

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