Universal Electronics Stock (NASDAQ: UEIC)

Latest news for Universal Electronics (NASDAQ:UEIC) Stock

Universal Electronics

Universal Electronics Inc is a United States-based company that principally designs, develops, manufactures, ships, and supports control and sensor technology solutions and a broad line of universal control systems, audio-video (AV) accessories, wireless security, and smart home products that are used by the world's brands in the video services, consumer electronics, security, home automation, climate control and home appliance markets. It generates its total revenue from the United States.

Long Ideas

News

Small Cap

Insider Trades

Pre-Market Outlook

Markets

Trading Ideas

UEIC

Although US stocks closed mixed on Wednesday, there were a few notable insider trades.

Insiders Buying Dollar General And 2 Other Stocks

Earnings

Penny Stocks

Eurozone

Commodities

Global

Intraday Update

AMCX

ARQQ

DZSI

IBIO

MGEE

OTTR

U.S. stocks traded mixed toward the end of trading, with the Dow Jones gaining more than 100 points on Friday.

The Dow traded up 0.38% to 33,823.80 while the NASDAQ fell 0.60% to 11,784.95. The S&amp;P 500 also fell, dropping, 0.26% to 4,079.83.

Dow Surges Over 100 Points; DZS Shares Plummet

Movers

AMAM

APGN

APLT

AXLA

AXTI

BOXD

CGNX

CISO

CPOP

CYAD

CYTH

DKNG

EBET

HUBS

INZY

ISEE

KNSL

LANV

LUNR

MRNA

NHTC

NOGN

RMAX

SBET

SPRC

STEM

STSA

TFFP

VGAS

VNRX

Gainers


	Ibio Inc (NYSE: IBIO) shares rose 97% to $1.4787 after the company announced MUC16 as its latest immune-oncology target program.


Why Universal Electronics Shares Are Trading Lower By 30%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

Universal Electronics Inc. - Common Stock

Universal Electronics Inc

WIIM

ARHS

SNBR

Shares of furniture and home goods companies are trading higher in possible sympathy with RH after the company reported Q2 financial results.

Financing

On Aug 29, Universal Electronics' Unit Entered Line Of Credit Agreement, Maximum Mortgage Contract & Working Capital Loan Contract; Under BOC Loan Contracts, Unit Allowed To Borrow Up To RMB80 Million For General Business Purposes Until July 24, 2025

Universal Electronics Announced Today That It Successfully Completed The Responsible Business Alliance Validated Assessment Program Audit At Its Facility In Vietnam

Universal shares are trading lower after the company reported worse-than-expected Q2 financial results.

Universal Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UEIC#NASDAQ">UEIC</a>) reported quarterly losses of $(0.09) per share which missed the analyst consensus estimate of $(0.04) by 125 percent. This is a 62.5 percent increase over losses of $(0.24) per share from the same period last year. The company reported quarterly sales of $90.45 million which missed the analyst consensus estimate of $95.09 million by 4.88 percent. This is a 15.77 percent decrease over sales of $107.39 million the same period last year.

Universal Electronics Q2 EPS $(0.09) Misses $(0.04) Estimate, Sales $90.45M Miss $95.09M Estimate

B. Riley Securities analyst Jeff Van Sinderen maintains Universal Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UEIC#NASDAQ">UEIC</a>) with a Neutral and raises the price target from $10.5 to $11.

Price Target

Analyst Ratings

B. Riley Securities Maintains Neutral on Universal Electronics, Raises Price Target to $11

Rosenblatt analyst Steve Frankel maintains Universal Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UEIC#NASDAQ">UEIC</a>) with a Neutral and maintains $15 price target.

Rosenblatt Maintains Neutral on Universal Electronics, Maintains $15 Price Target

Guidance

Universal Electronics Expects Q2 Net Sales Of $90M-$100M, Est $96.436M; Adjusted EPS Of $(0.10) To $0.00, Est $(0.04)

Universal Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UEIC#NASDAQ">UEIC</a>) reported quarterly losses of $(0.19) per share which beat the analyst consensus estimate of $(0.24) by 20.83 percent. This is a 32.14 percent increase over losses of $(0.28) per share from the same period last year. The company reported quarterly sales of $91.900 million which beat the analyst consensus estimate of $90.737 million by 1.28 percent. This is a 15.22 percent decrease over sales of $108.400 million the same period last year.

Earnings Beats

Universal Electronics Q1 2024 Adj EPS $(0.19) Beats $(0.24) Estimate, Sales $91.900M Beat $90.737M Estimate

<h3>Gainers</h3>
<ul>
<li>J-Long Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JL#NASDAQ">JL</a>) stock rose 33.0% to $2.66 during Friday's pre-market session. The market value of their outstanding shares is at $83.5 million. </li>
<li>Sweetgreen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SG#NYSE">SG</a>) shares rose 18.99% to $15.16. The market value of their outstanding shares is at $1.7 billion. The company's, Q4 earnings came out yesterday. </li>
<li>RealReal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) shares rose 16.94% to $2.07. The market value of their outstanding shares is at $213.9 million. The company's, Q4 earnings came out yesterday. </li>
<li>Golden Sun Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSUN#NASDAQ">GSUN</a>) shares rose 9.39% to $0.74. The company's market cap stands at $14.1 million. </li>
<li>Cango (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CANG#NYSE">CANG</a>) stock moved upwards by 9.33% to $1.64. The market value of their outstanding shares is at $220.9 million. </li>
<li>U Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCAR#NASDAQ">UCAR</a>) shares moved upwards by 7.92% to $0.08. The company's market cap stands at $4.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Fisker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSR#NYSE">FSR</a>) stock declined by 29.3% to $0.51 during Friday's pre-market session. The market value of their outstanding shares is at $275.3 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>REE Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>) stock fell 12.52% to $6.85. The market value of their outstanding shares is at $57.3 million. </li>
<li>Jakks Pacific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAKK#NASDAQ">JAKK</a>) stock fell 10.06% to $31.58. The company's market cap stands at $318.1 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>Green Brick Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRBK#NYSE">GRBK</a>) stock fell 8.38% to $53.6. The market value of their outstanding shares is at $2.4 billion. The company's, Q4 earnings came out yesterday. </li>
<li>GigaCloud Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCT#NASDAQ">GCT</a>) shares decreased by 5.21% to $35.5. The company's market cap stands at $1.4 billion. </li>
<li>Universal Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UEIC#NASDAQ">UEIC</a>) shares fell 4.67% to $8.38. The company's market cap stands at $107.9 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CANG

GRBK

GSUN

JAKK

REAL

UCAR

12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session

B. Riley Securities has decided to maintain its Neutral rating of Universal Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UEIC#NASDAQ">UEIC</a>) and raise its price target from $9.00 to $10.50.
Shares of Universal Electronics are trading down 6.07% over the last 24 hours, at $8.35 per share.
A move to $10.50 would account for a 25.75% increase from the current share price.
<h3>About Universal Electronics</h3>
Universal Electronics Inc is a United States-based company that is principally engaged in developing and manufacturing a series of electronic products, including wireless control products, audio-video accessories, intelligent wireless automation components, and software. The company focuses on the subscription broadcast, consumer electronics and residential security markets, with customers consisting of subscription broadcasters, original equipment manufacturer, private-label brands, retailers, pro-security dealers, and companies in the computing industry. The company has a global presence and generates most of its total revenue from the United States.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

B. Riley Securities Maintains Neutral Rating for Universal Electronics: Here's What You Need To Know

Universal Electronics Sees Q1 2024 Adj. Revenue $86M-$96M Vs $95.926M Estimate; Sees Adj. EPS $(0.27)-$(0.17)

Universal Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UEIC#NASDAQ">UEIC</a>) reported its Q4 earnings results on Thursday, February 15, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Universal Electronics beat estimated earnings by 800.0%, reporting an EPS of $0.07 versus an estimate of $-0.01.
Revenue was down $25.16 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.02 which was followed by a 10.57% increase in the share price the next day.
Here's a look at Universal Electronics's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.06</td>
<td>-0.19</td>
<td>-0.31</td>
<td>0.78</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.08</td>
<td>-0.06</td>
<td>-0.28</td>
<td>0.44</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>111.70M</td>
<td>109.21M</td>
<td>102.41M</td>
<td>130.59M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>107.09M</td>
<td>107.39M</td>
<td>108.40M</td>
<td>122.76M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Universal Electronics <a href="https://www.benzinga.com/quote/UEIC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Universal Electronics: Q4 Earnings Insights

Universal Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UEIC#NASDAQ">UEIC</a>) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $(0.01) by 800 percent. The company reported quarterly sales of $97.59 million which beat the analyst consensus estimate of $96.93 million by 0.69 percent. This is a 20.50 percent decrease over sales of $122.76 million the same period last year.

Universal Electronics Q4 2023 Adj EPS $0.07 Beats $(0.01) Estimate, Sales $97.59M Beat $96.93M Estimate

AGIO

ALKS

ALLT

ALNY

AMAT

AORT

APPN

ARCH

ATRC

AUPH

BJRI

BLZE

BPMC

CBRE

CLBT

CMBM

COHU

COIN

CORT

CRBG

CROX

CWST

DASH

DNOW

EDRY

ELME

EPAM

GLOB

Hannon Armstrong Sustainable Infrastructure Capital

HASI

HOUS

HTGC

IDCC

IRDM

IREN

IRWD

ITGR

JMIA

KELYA

KELYB

LBTYA

LECO

Laboratory Corporation Of America Holdings

MERC

MTRN

MYTE

NSIT

NVMI

OPEN

ORAN

OTLY

PACB

PCOR

PDFS

PENN

PRAA

PRTA

RARE

RELX

ROKU

RPRX

Earnings Scheduled For February 15, 2024

Universal Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UEIC#NASDAQ">UEIC</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-15. Here's what investors need to know before the announcement.
Analysts estimate that Universal Electronics will report an earnings per share (EPS) of $-0.01. 
Universal Electronics bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.02, which was followed by a 10.57% increase in the share price the next day.
Here's a look at Universal Electronics's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.06</td>
<td>-0.19</td>
<td>-0.31</td>
<td>0.78</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.08</td>
<td>-0.06</td>
<td>-0.28</td>
<td>0.44</td>
</tr>
<tr>
<td>Price Change %</td>
<td>10.57%</td>
<td>-1.71%</td>
<td>-14.01%</td>
<td>-33.01%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707940896_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Universal Electronics were trading at $8.44 as of February 13. Over the last 52-week period, shares are down 65.07%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<a href="https://www.benzinga.com/quote/UEIC/earnings">To track all earnings releases for Universal Electronics visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Universal Electronics's Earnings

Universal Electronics Inks Cooperation Agreement With Immersion Corporation

TORO HOLDINGS LLC, 10% Owner at Universal Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UEIC#NASDAQ">UEIC</a>), reported a large insider buy on November 28, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001058811/000092189523002691//Archives/edgar/data/1058811/000092189523002691/0000921895-23-002691-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday showed that LLC purchased 96,198 shares of Universal Electronics. The total transaction amounted to $720,664. 
Universal Electronics shares are trading up 6.65% at $8.0 at the time of this writing on Wednesday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000101984">Check Out The Full List Of Universal Electronics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Universal Electronics Recent Insider Activity

B. Riley Securities analyst Jeff Van Sinderen maintains Universal Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UEIC#NASDAQ">UEIC</a>) with a Neutral and lowers the price target from $13 to $9.

B. Riley Securities Maintains Neutral on Universal Electronics, Lowers Price Target to $9

TORO HOLDINGS LLC, 10% Owner at Universal Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UEIC#NASDAQ">UEIC</a>), reported a large insider buy on November 7, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001058811/000092189523002501//Archives/edgar/data/1058811/000092189523002501/0000921895-23-002501-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday showed that LLC purchased 73,962 shares of Universal Electronics. The total transaction amounted to $599,769. 
Universal Electronics shares are trading up 0.73% at $8.33 at the time of this writing on Wednesday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000101984">Check Out The Full List Of Universal Electronics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

10% Owner of Universal Electronics Purchased $599K In Stock

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Uncovering cheap stocks might result in large profits in a changing market. These three businesses have tremendous development potential and are all trading for less than $15 per share.



The first deliberately shifts its focus to the connected home arena. The company uses its knowledge of temperature control and home automation to win over a sizable number of customers and gain market share. Meanwhile, the second augments its development potential using tactical investments in private credit and equity. This is combined with a robust focus on customized separate accounts that provide growth and stability.&nbsp;



Finally, the third one is reaping the benefits of growing its fleet and attractive charter rates, as seen by rising shipping income and efficient cost control. These businesses are appealing choices in the under-$15 stock category because they present investors with the possibility of large profits through their strategic efforts and market placement. 



Explore their plans in detail, as well as their financial results and market prognosis. This may provide a thorough appraisal of their potency.



<h2>Universal Electronics (UEIC)</h2>



<a href="https://investorplace.com/wp-content/uploads/2021/08/smart-home.png"><img width="300" height="200" src="https://investorplace.com/wp-content/uploads/2021/08/smart-home-300x200.png" alt="Concept image of a person using a smart home app."></a>The rapidly expanding connected home sector has been the focus and source of resources for Universal Electronics (NASDAQ:<a href="https://investorplace.com/stock-quotes/ueic-stock-quote/">UEIC</a>).&nbsp;<a href="https://investors.uei.com/news-releases/news-release-details/universal-electronics-reports-fourth-quarter-and-year-end-2023" target="_blank">Reallocating sales&nbsp;</a>and product development resources to industries with more growth potential, such as temperature control and home automation, is part of this strategic shift. 



Moreover,&nbsp;<a href="https://seekingalpha.com/article/4689537-universal-electronics-inc-ueic-q1-2024-earnings-call-transcript" target="_blank">six of the world&rsquo;s </a>top ten heating, ventilation, and air conditioning (HVAC) original equipment manufacturers (OEMs) have granted the business new product designs, and two more are now in the works. Specifically, 13 of Europe&rsquo;s top 14 HVAC OEM brands are working with Universal Electronics, holding more than 80% of the market.&nbsp;



Additionally, leading U.S. and European brands expressed great interest in the new products that Universal Electronics revealed at the Consumer Electronics Show in January, including the UEI-TIDE line. For instance, North America&rsquo;s top multi-dwelling unit installer placed the first orders for the TIDE-Dial and TIDE-Touch thermostats. Universal Electronics has won three active design awards with&nbsp;<a href="https://seekingalpha.com/article/4689537-universal-electronics-inc-ueic-q1-2024-earnings-call-transcript" target="_blank">two of the top three</a>&nbsp;European HVAC OEMs. It demonstrates a strong market presence.



Overall, due to the lengthy lead times in the HVAC sector, new product shipments may begin in 2025.&nbsp;This&nbsp;may spur top-line growth.



<h2>GCM Grosvenor (GCMG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/private_equity_1600-300x169.jpg" alt='Gold and silver gears with the words "private equity" written on the gold gears. representing netcapital platform'><div>Source: Pavel3d/ShutterStock.com</div></div>Strategic investments have been undertaken by GCM Grosvenor (NASDAQ:<a href="https://investorplace.com/stock-quotes/gcmg-stock-quote/">GCMG</a>) to broaden its offering and diversify its investing approaches. In Q1 2024,&nbsp;<a href="https://www.gcmgrosvenor.com/wp-content/uploads/GCM-Grosvenor-First-Quarter-2024-Earnings-Presentation.pdf" target="_blank">73% of the company&rsquo;s assets</a>&nbsp;were under management, and a comparable amount of its funding came from customized separate accounts. Indeed, this approach offers substantial growth, financial outcomes, consistency, and predictability. The longest-lasting nature of these partnerships&mdash;averaging 15 years for the&nbsp;biggest&nbsp;clients&mdash;guarantees a consistent stream of re-ups and further investments.



Additionally, in Q1, GCM Grosvenor secured&nbsp;<a href="https://www.gcmgrosvenor.com/wp-content/uploads/GCM-Grosvenor-First-Quarter-2024-Earnings-Presentation.pdf" target="_blank">$400 million in private credit</a>&nbsp;and close to $500 million in private equity. Its focus on private credit shows the company&rsquo;s strategic objective to expand this segment substantially.&nbsp;This&nbsp;includes adding two team members to strengthen direct credit investing capabilities. Thus, this plan further strengthens its capacity to draw sizable commitments to credit co-investment funds. 



Moreover, the business is well-positioned for future performance fee revenues.&nbsp;This&nbsp;is due to its success in absolute return strategies and the expectation of more completed transactions and carry distributions. Lastly, with&nbsp;<a href="https://www.gcmgrosvenor.com/wp-content/uploads/GCM-Grosevnor-2024-First-Quarter-Results-Call-Transcript-final.pdf" target="_blank">140 projects totaling $779 million</a>&nbsp;in gross unrealized carried interest, GCM Grosvenor may have substantial profit potential, especially when mergers and acquisitions and capital markets strengthen.



<h2>DHT Holdings (DHT)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2017/06/dhtmsn-300x165.jpg" alt=""><div>Source: Shutterstock</div></div>DHT Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/dht-stock-quote/">DHT</a>) reported shipping sales of&nbsp;<a href="https://ml-eu.globenewswire.com/Resource/Download/e8335543-f191-4243-96f9-a061c3971634" target="_blank">$145.9 million for Q1 2024</a>, up from $131.5 million for Q1 2023. Higher time charter rates, fewer off-hire days, and more revenue days from fleet expansion were the main drivers of this rise. These revenue improvements demonstrate the company&rsquo;s concentration on fleet utilization and obtaining attractive charter rates. 



Additionally, due&nbsp;primarily&nbsp;to higher bunker costs, voyage expenditures for Q1 climbed to $39.5 million from $37.6 million in 2023. Despite this rise, the company&rsquo;s capacity to minimize port and voyage-related expenditures substantially mitigates the impact on the bottom line.&nbsp;



Moreover, the spending on vessel operations was&nbsp;<a href="https://ml-eu.globenewswire.com/Resource/Download/e8335543-f191-4243-96f9-a061c3971634" target="_blank">$19.2 million in Q1</a>.&nbsp;This&nbsp;is slightly more than the $18.4 million recorded during Q1 2023, demonstrating efficient management over indirect expenses. DHT Holdings has continuously outperformed rivals and market indices in the spot market. 



Finally, the firm has routinely outperformed the TD3c index.&nbsp;This&nbsp;measures the major Very Large Crude Carriers trade route from Saudi Arabia to China in spot market earnings over the past 12 months. Therefore, superior trading methods and operational edge reflect the&nbsp;<a href="https://seekingalpha.com/article/4693475-dht-holdings-inc-dht-q1-2024-earnings-call-transcript" target="_blank">$15K daily average profit&nbsp;</a>difference between the boats of DHT Holdings and the index.



On the date of publication, Yiannis Zourmpanos did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT802110">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT766411">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/2024/05/time-to-double-down-3-silent-stocks-under-15-with-explosive-potential/">Time to Double Down? 3 Silent Stocks Under $15 With Explosive Potential</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Time to Double Down? 3 Silent Stocks Under $15 With Explosive Potential

The electronic tech industry is fueled by the growing popularity of smart devices providing convenience, growing IT spending, and rapid digitalization initiatives. Therefore, quality electronic tech stocks such as Universal Electronics (UEIC), Dolby Laboratories (DLB), and Brother Industries (BRTHY) could be solid buys. Read on... A simultaneous uptick in IT spending and income levels, along with the introduction of new technologies in electronic devices, has significantly bolstered the electronic tech industry.
Amid this backdrop, investors could consider buying fundamentally strong electronic tech stocks Universal Electronics Inc. (<a href="https://stocknews.com/stock/UEIC/">UEIC</a>), Dolby Laboratories, Inc. (<a href="https://stocknews.com/stock/DLB/">DLB</a>), and Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>). Before exploring the fundamentals of these stocks, let's first understand what's shaping the electronic tech industry's prospects.
Early replacements and shortened device lifespans are expected to drive the rise in device spending. Gartner predicts worldwide device spending will total $687.94 million this year, increasing by <a href="https://www.gartner.com/en/newsroom/press-releases/2024-04-16-gartner-forecast-worldwide-it-spending-to-grow-8-percent-in-2024">3.6% year-over-year</a>.
A sustained rise in the usage of home and personal devices like smart TVs, speakers, gaming consoles, and smartphones for the purpose of entertainment, communication, and education has been observed. The growing popularity of new trends like the miniaturization of electronic components for easy mobility and easy-to-use high-performing devices is gaining recognition in the market.
Moreover, the inclusion of AI and IoT-enabled smart devices in modern households is rising due to the rapid upgrade of consumers' standard of living and growing income levels. As consumer spending on technology products and services increases, the demand for advanced electronics will grow, contributing to the expansion of the electronic technology market.
The advent of digitalization in new electronic components has supported the development of new technologies like 5G, the Internet of Things, edge computing, artificial intelligence, machine learning, and more. aiding the industry in meeting consumers' ever-changing demands and finding innovative solutions.
The global consumer electronics market is expected to grow at a <a href="https://www.fortunebusinessinsights.com/consumer-electronics-market-104693">7.6% CAGR</a>, reaching $1.47 trillion by 2032.
With these favorable trends in mind, let's delve into the fundamentals of the three <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> stock picks, starting with the third in line.
Stock #3: Universal Electronics Inc. (<a href="https://stocknews.com/stock/UEIC/">UEIC</a>)
UEIC designs, develops, manufactures, ships, and supports control and sensor technology solutions internationally. It offers voice-enabled, automatically programmed universal two-way radio frequency and infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers.
UEIC's trailing-12-month asset turnover ratio of 1.09x is 9.6% higher than the industry average of 1x. Similarly, its trailing-12-month levered FCF margin of 9.09% is 66.1% higher than the industry average of 5.47%.
UEIC's net sales for the fiscal fourth quarter that ended March 31, 2024, stood at $91.90 million. Its adjusted gross profit amounted to $27.23 million. Moreover, its cash and cash equivalents at end of period came in at $26.91 million. As of March 31, 2024, UEIC's total <a href="https://www.investopedia.com/terms/c/currentliabilities.asp">current liabilities</a> amounted to $138.67 million, compared to $161.15 million as of December 31, 2023.
For the quarter ending September 30, 2024, UEIC's revenue and EPS are expected to increase 1.5% and 170.8% year-over-year to $108.69 million and $0.22, respectively. It surpassed consensus EPS estimates in each of the trailing four quarters, which is impressive. The stock has gained 33.8% over the past six months to close the last trading session at $10.56.
UEIC's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this positive outlook. It has an overall rating of B, equating to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
UEIC has a B grade for Value. It is ranked #5 out of 43 stocks in the <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> industry. <a href="https://stocknews.com/stock/UEIC/">Click here</a> to see UEIC's ratings for Growth, Momentum, Stability, Sentiment, and Quality.
Stock #2: Dolby Laboratories, Inc. (<a href="https://stocknews.com/stock/DLB/">DLB</a>)
DLB creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles.
On May 29, 2024, DLB announced a partnership with VIZIO to integrate Dolby Atmos across VIZIO's 2024 soundbar lineup, offering advanced immersive sound experiences starting at $99. This initiative aims to make high-quality audio more accessible to a wider range of consumers.
DLB's trailing-12-month CAPEX / Sales of 2.41% is 6.4% higher than the industry average of 2.27%. Likewise, its trailing-12-month EBIT margin and net income margin of 18.79% and 15% are 301% and 455.2% higher than the industry averages of 4.69% and 2.70%, respectively.
For the fiscal second quarter that ended March 29, 2024, DLB's total revenue and gross profit stood at $364.52 million and $325.75 million, respectively. For the same quarter, its non-GAAP net income attributable to DLB and earnings per share increased marginally from the year-ago quarter to $123.19 million and $1.27, respectively.
Street expects DLB's EPS for the quarter ending June 30, 2024, to increase 7.3% year-over-year to $0.59. Its revenue for the quarter ending September 30, 2024, is expected to rise 12.4% year-over-year to $326.60 million. The company surpassed consensus EPS estimates in each of the trailing four quarters. DLB has declined 1.4% over the past month, closing the last trading session at $78.23.
DLB's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, equating to Buy in our proprietary rating system.
It has an A grade for Quality and a B for Sentiment. It is ranked #4 in the same industry. Get DLB's Growth, Value, Momentum, and Stability ratings<a href="https://stocknews.com/stock/DLB/"> here</a>.
Stock #1: Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>)
BRTHY, headquartered in Nagoya, Japan, manufactures and sells communications and printing equipment internationally. It operates through the Printing &amp; Solutions, Machinery, Domino, Nissei, Personal &amp; Home, and Network &amp; Contents segments.
BRTHY's trailing-12-month EBITDA margin of 11.83% is 21% higher than the industry average of 9.78%. Its trailing-12-month Return on Total Capital and Return on Total Assets of 4.67% and 3.53% are 77.4% and 135.5% higher than the industry averages of 2.63% and 1.50%, respectively.
BRTHY's revenue for the fiscal year that ended March 31, 2024, increased marginally year-over-year to ¥822.93 billion ($5.23 billion). The company's gross profit grew 11.2% from the year-ago value to ¥355.34 billion ($2.26 billion). In addition, its profit for the year attributable to owners of the parent company stood at ¥31.65 billion ($201.05 million) and ¥123.48 per share, respectively.
Analysts expect BRTHY's revenue for the quarter ending September 30, 2024, to increase 3.3% year-over-year to $1.37 billion. Over the past year, the stock has gained 26.7%, closing the last trading session at $37.19.
BRTHY's POWR Ratings reflect its robust prospects. It has an overall A rating, equating to a Strong Buy in our proprietary rating system.
BRTHY has an A grade for Stability and a B for Value, Momentum, and Quality. Within the Technology - Electronics industry, it is ranked first. <a href="https://stocknews.com/stock/BRTHY/">Click here</a> for the additional POWR Ratings of BRTHY (Growth and Sentiment).
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
DLB shares were trading at $77.82 per share on Thursday morning, down $0.41 (-0.52%). Year-to-date, DLB has declined -9.03%, versus a 10.57% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Neha Panjwani</h2> <img src='https:/wp-content/uploads/2024/01/Neha-Panjwani_Headshot-1.jpeg' style="float:left; padding:5px;width:125px;">From her school days, Neha harbored a profound fascination for finance, a passion that steered her toward a career as an investment analyst following the completion of her bachelor's degree in commerce. Currently enrolled in the CFA program, Neha is dedicated to further enriching her comprehension of investment fundamentals.

Neha's primary objective is to aid retail investors in discerning optimal investment opportunities by diligently evaluating crucial aspects of financial instruments, with a primary focus on stocks and ETFs. Her commitment lies in empowering individuals to make informed and strategic investment decisions in the dynamic world of finance.<a href="https://stocknews.com/authors/?author=neha-panjwani">More...</a>The post <a href=https://stocknews.com/news/dlb-brthy-ueic-3-electronic-tech-stocks-with-buy-signals-this-week/>3 Electronic Tech Stocks to Buy Now</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Electronic Tech Stocks to Buy Now

The electronic tech industry is fueled by the growing popularity of smart devices providing convenience, growing IT spending, and rapid digitalization initiatives. Therefore, quality electronic tech stocks such as Universal Electronics (UEIC), Dolby Laboratories (DLB), and Brother Industries (BRTHY) could be solid buys. Read on... A simultaneous uptick in IT spending and income levels, along with the introduction of new technologies in electronic devices, has significantly bolstered the electronic tech industry.
Amid this backdrop, investors could consider buying fundamentally strong electronic tech stocks Universal Electronics Inc. (<a href="https://stocknews.com/stock/UEIC/">UEIC</a>), Dolby Laboratories, Inc. (<a href="https://stocknews.com/stock/DLB/">DLB</a>), and Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>). Before exploring the fundamentals of these stocks, let's first understand what's shaping the electronic tech industry's prospects.
Early replacements and shortened device lifespans are expected to drive the rise in device spending. Gartner predicts worldwide device spending will total $687.94 million this year, increasing by <a href="https://www.gartner.com/en/newsroom/press-releases/2024-04-16-gartner-forecast-worldwide-it-spending-to-grow-8-percent-in-2024">3.6% year-over-year</a>.
A sustained rise in the usage of home and personal devices like smart TVs, speakers, gaming consoles, and smartphones for the purpose of entertainment, communication, and education has been observed. The growing popularity of new trends like the miniaturization of electronic components for easy mobility and easy-to-use high-performing devices is gaining recognition in the market.
Moreover, the inclusion of AI and IoT-enabled smart devices in modern households is rising due to the rapid upgrade of consumers' standard of living and growing income levels. As consumer spending on technology products and services increases, the demand for advanced electronics will grow, contributing to the expansion of the electronic technology market.
The advent of digitalization in new electronic components has supported the development of new technologies like 5G, the Internet of Things, edge computing, artificial intelligence, machine learning, and more. aiding the industry in meeting consumers' ever-changing demands and finding innovative solutions.
The global consumer electronics market is expected to grow at a <a href="https://www.fortunebusinessinsights.com/consumer-electronics-market-104693">7.6% CAGR</a>, reaching $1.47 trillion by 2032.
With these favorable trends in mind, let's delve into the fundamentals of the three <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> stock picks, starting with the third in line.
Stock #3: Universal Electronics Inc. (<a href="https://stocknews.com/stock/UEIC/">UEIC</a>)
UEIC designs, develops, manufactures, ships, and supports control and sensor technology solutions internationally. It offers voice-enabled, automatically programmed universal two-way radio frequency and infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers.
UEIC's trailing-12-month asset turnover ratio of 1.09x is 9.6% higher than the industry average of 1x. Similarly, its trailing-12-month levered FCF margin of 9.09% is 66.1% higher than the industry average of 5.47%.
UEIC's net sales for the fiscal fourth quarter that ended March 31, 2024, stood at $91.90 million. Its adjusted gross profit amounted to $27.23 million. Moreover, its cash and cash equivalents at end of period came in at $26.91 million. As of March 31, 2024, UEIC's total <a href="https://www.investopedia.com/terms/c/currentliabilities.asp">current liabilities</a> amounted to $138.67 million, compared to $161.15 million as of December 31, 2023.
For the quarter ending September 30, 2024, UEIC's revenue and EPS are expected to increase 1.5% and 170.8% year-over-year to $108.69 million and $0.22, respectively. It surpassed consensus EPS estimates in each of the trailing four quarters, which is impressive. The stock has gained 33.8% over the past six months to close the last trading session at $10.56.
UEIC's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this positive outlook. It has an overall rating of B, equating to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
UEIC has a B grade for Value. It is ranked #5 out of 43 stocks in the <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> industry. <a href="https://stocknews.com/stock/UEIC/">Click here</a> to see UEIC's ratings for Growth, Momentum, Stability, Sentiment, and Quality.
Stock #2: Dolby Laboratories, Inc. (<a href="https://stocknews.com/stock/DLB/">DLB</a>)
DLB creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles.
On May 29, 2024, DLB announced a partnership with VIZIO to integrate Dolby Atmos across VIZIO's 2024 soundbar lineup, offering advanced immersive sound experiences starting at $99. This initiative aims to make high-quality audio more accessible to a wider range of consumers.
DLB's trailing-12-month CAPEX / Sales of 2.41% is 6.4% higher than the industry average of 2.27%. Likewise, its trailing-12-month EBIT margin and net income margin of 18.79% and 15% are 301% and 455.2% higher than the industry averages of 4.69% and 2.70%, respectively.
For the fiscal second quarter that ended March 29, 2024, DLB's total revenue and gross profit stood at $364.52 million and $325.75 million, respectively. For the same quarter, its non-GAAP net income attributable to DLB and earnings per share increased marginally from the year-ago quarter to $123.19 million and $1.27, respectively.
Street expects DLB's EPS for the quarter ending June 30, 2024, to increase 7.3% year-over-year to $0.59. Its revenue for the quarter ending September 30, 2024, is expected to rise 12.4% year-over-year to $326.60 million. The company surpassed consensus EPS estimates in each of the trailing four quarters. DLB has declined 1.4% over the past month, closing the last trading session at $78.23.
DLB's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, equating to Buy in our proprietary rating system.
It has an A grade for Quality and a B for Sentiment. It is ranked #4 in the same industry. Get DLB's Growth, Value, Momentum, and Stability ratings<a href="https://stocknews.com/stock/DLB/"> here</a>.
Stock #1: Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>)
BRTHY, headquartered in Nagoya, Japan, manufactures and sells communications and printing equipment internationally. It operates through the Printing &amp; Solutions, Machinery, Domino, Nissei, Personal &amp; Home, and Network &amp; Contents segments.
BRTHY's trailing-12-month EBITDA margin of 11.83% is 21% higher than the industry average of 9.78%. Its trailing-12-month Return on Total Capital and Return on Total Assets of 4.67% and 3.53% are 77.4% and 135.5% higher than the industry averages of 2.63% and 1.50%, respectively.
BRTHY's revenue for the fiscal year that ended March 31, 2024, increased marginally year-over-year to ¥822.93 billion ($5.23 billion). The company's gross profit grew 11.2% from the year-ago value to ¥355.34 billion ($2.26 billion). In addition, its profit for the year attributable to owners of the parent company stood at ¥31.65 billion ($201.05 million) and ¥123.48 per share, respectively.
Analysts expect BRTHY's revenue for the quarter ending September 30, 2024, to increase 3.3% year-over-year to $1.37 billion. Over the past year, the stock has gained 26.7%, closing the last trading session at $37.19.
BRTHY's POWR Ratings reflect its robust prospects. It has an overall A rating, equating to a Strong Buy in our proprietary rating system.
BRTHY has an A grade for Stability and a B for Value, Momentum, and Quality. Within the Technology - Electronics industry, it is ranked first. <a href="https://stocknews.com/stock/BRTHY/">Click here</a> for the additional POWR Ratings of BRTHY (Growth and Sentiment).
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
DLB shares were trading at $77.82 per share on Thursday morning, down $0.41 (-0.52%). Year-to-date, DLB has declined -9.03%, versus a 10.57% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Neha Panjwani</h2> <img src='https:/wp-content/uploads/2024/01/Neha-Panjwani_Headshot-1.jpeg' style="float:left; padding:5px;width:125px;">From her school days, Neha harbored a profound fascination for finance, a passion that steered her toward a career as an investment analyst following the completion of her bachelor's degree in commerce. Currently enrolled in the CFA program, Neha is dedicated to further enriching her comprehension of investment fundamentals.

Neha's primary objective is to aid retail investors in discerning optimal investment opportunities by diligently evaluating crucial aspects of financial instruments, with a primary focus on stocks and ETFs. Her commitment lies in empowering individuals to make informed and strategic investment decisions in the dynamic world of finance.<a href="https://stocknews.com/authors/?author=neha-panjwani">More...</a>The post <a href=https://stocknews.com/news/dlb-brthy-ueic-3-electronic-tech-stocks-with-buy-signals-this-week/>3 Electronic Tech Stocks With Buy Signals This Week</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Electronic Tech Stocks With Buy Signals This Week

Growing adoption of smart devices, continuous technological innovations, and rapid digitalization worldwide are creating significant tailwinds for the consumer electronics sector. Thus, fundamentally sound consumer electronics stocks Apple (AAPL), Sonos (SONO), and Universal Electronics (UEIC) could be ideal watchlist additions. Read on… The consumer electronics industry is rapidly widening in scope and scale, driven by the increasing adoption of smart devices such as smartphones, smartwatches, fitness trackers, and home devices. Further, continuous innovations in technology like generative AI, the Internet of Things (IoT), augmented reality and virtual reality (AR&amp;VR), and 5G.
Given the industry tailwinds, it could be wise to watch fundamentally sound consumer electronics stocks Apple Inc. (<a href="https://stocknews.com/stock/AAPL/">AAPL</a>), Sonos, Inc. (<a href="https://stocknews.com/stock/SONO/">SONO</a>), and Universal Electronics Inc. (<a href="https://stocknews.com/stock/UEIC/">UEIC</a>) for potential gains.
The consumer electronics industry encompasses an extensive array of products catering to diverse aspects of modern life, from entertainment and communication to productivity and health monitoring. At its core, the industry drives innovation and accessibility, constantly evolving to meet the demands of consumers worldwide.
The U.S. and China are the world's largest consumers of such products, with a combined consumer electronics revenue of <a href="https://www.statista.com/forecasts/758660/revenue-of-the-consumer-electronics-market-worldwide-by-country">more than $350 billion</a>.
This year, the consumer electronics industry is poised to be significantly influenced by the rising <a href="https://www.publicissapient.com/insights/consumer-electronics-industry-2024-trends">prevalence of generative AI</a>, deepening integration of the connected world and IoT, and the 5G revolution. As consumer expectations for speed and reliability continue to rise, these advancements will drive innovation and shape the future of connected devices and smart technologies.
In 2024, revenue in the consumer electronics market in the U.S. is expected to <a href="https://www.statista.com/outlook/cmo/consumer-electronics/united-states#:~:text=Consumer%20Electronics%20%2D%20United%20States&amp;text=The%20revenue%20in%20the%20Consumer,US%2462.1bn%20in%202024.">total $159.90 billion</a>. The global consumer electronics market is projected to reach $815.16 billion in 2024. The market is expected to value $1.47 trillion by 2032, growing at a <a href="https://www.fortunebusinessinsights.com/consumer-electronics-market-104693">CAGR of 7.6%</a>, driven by the advent of technology and digitalization.
Given the industry's robust outlook, it could be wise to keep an eye on quality consumer electronics stocks such as AAPL, SONO, and UEIC for future gains.
Apple Inc. (<a href="https://stocknews.com/stock/AAPL/">AAPL</a>)
AAPL designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories globally. It offers the iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
On June 10, AAPL unveiled Apple Intelligence, the personal intelligence system for iPhone, iPad, and Mac, which combines the power of generative models with personal context to deliver intelligence that's incredibly useful and relevant and is deeply integrated into iOS 18, iPadOS 18 and macOS Sequoia.
Apple Intelligence harnesses the power of Apple silicon to understand and create language and images, take action across apps, and draw from personal context to simplify and accelerate everyday tasks. With its unique approach, AAPL combines generative AI with a user's context to deliver truly helpful intelligence.
Also, on the same day, AAPL launched a suite of innovative new tools and resources to allow developers globally to design more powerful and efficient apps across all Apple platforms. With Xcode 16 beta, developers can save time in their development process and access features like Swift Assist and predictive code completion.
AAPL reported total <a href="https://www.investopedia.com/terms/n/netsales.asp">net sales</a> of $90.75 billion during the second quarter that ended March 30, 2024, of which Services net sales increased 14.2% year-over-year to $23.87 billion. The company's net income and EPS came in at $23.64 billion and $1.53 for the quarter, respectively.
Furthermore, the company's cash and cash equivalents stood at $32.69 billion as of March 31, 2024, versus $29.96 billion as of September 30, 2023.
Analysts expect AAPL's revenue for the third quarter (ending June 2024) to increase 2.3% year-over-year to $83.67 billion, and its EPS for the ongoing quarter is expected to grow 4.9% year-over-year to $1.32. Moreover, the company has topped the consensus EPS estimates in each of the trailing four quarters.
Shares of AAPL have surged 12.3% over the past month and 15.8% over the past year to close the last trading session at $214.29.
AAPL's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
AAPL has an A grade for Quality. It is ranked #23 out of 38 stocks in the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry.
In addition to the POWR Ratings we've stated above, we also have other ratings of AAPL for Sentiment, Value, Growth, Momentum, and Stability. Get all AAPL ratings <a href="https://stocknews.com/stock/AAPL/">here</a>.
Sonos, Inc. (<a href="https://stocknews.com/stock/SONO/">SONO</a>)
SONO designs, develops, manufactures, and sells audio products and services internationally. It offers wireless, portable, and home theater speakers, components, and accessories. It offers its products through nearly 10,000 third-party retail stores, like custom installers of home audio systems and e-commerce retailers, and through its website.
On May 21, SONO launched its first-ever headphones, Sonos Ace, and marked the brand's long-awaited entry into the personal listening category. Sonos Ace offers stunning sound, sleek design, and long-standing comfort to one of the largest and most popular audio categories worldwide.
On April 23, SONO revealed its most extensive app redesign to create an unprecedented streaming experience enabling listeners to organize their favorite playlists, stations, albums, and more from over 100 services on one customizable home screen.
The modernized app and platform put listeners in the driver's seat with a personalized experience to make listening easier, faster, and better.
During the second quarter that ended March 30, 2024, SONO reported revenue of $252.66 million, and its non-GAAP gross profit was $113.70 million. Its total other income increased 157.9% from the year-ago value to $508 thousand. Its cash and cash equivalents stood at $245.96 million as of March 30, 2024, compared to $220.23 million as of September 30, 2023.
According to the fiscal year 2024 outlook, SONO expects its revenue to range from $1.60 billion to $1.70 billion. Also, the company's adjusted EBITDA is expected to be between $150 million and $180 million.
Street expects SONO's revenue for the third quarter (ending June 2024) to increase 4.8% year-over-year to $391.24 million, while its EPS for the current quarter is expected to grow 6.2% year-over-year to $0.17. Furthermore, the company surpassed the consensus revenue estimates in each of the trailing four quarters.
SONO's stock has soared 15.2% over the past nine months to close the last trading session at $14.79.
SONO's sound fundamentals are reflected in its POWR Ratings. The stock has a B grade for Value and Quality. Within the <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> industry, SONO is ranked #27 out of 44 stocks.
<a href="https://stocknews.com/stock/SONO/">Click here</a> to access additional ratings of SONO for Sentiment, Momentum, Growth, and Stability.
Universal Electronics Inc. (<a href="https://stocknews.com/stock/UEIC/">UEIC</a>)
UEIC designs, develops, manufactures, ships, and supports control and sensor technology solutions internationally. It provides voice-enabled, automatically-programmed universal two-way radio frequency and infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers.
On January 11, UEIC released its latest QuickSet&#xAE; solution, which now expanded content discovery, control, and interaction across millions of devices and households. QuickSet Cloud now discovers more devices, ranging from entertainment devices to other smart home device categories across multiple protocols.
The latest release of QuickSet expanded its functionality for entertainment and whole home audio use cases to provide deeper device and content history across an ever-increasing landscape of devices and services in the home.
On January 10, UEIC introduces its family of UEI Butler&#x2122; Smart Home Control Hubs. The products, powered by QuickSet&#xAE; Cloud, align with UEIC's product and technology strategy to enable Discovery, Control, and Interaction across disparate connected devices in the home to create smarter living for a growing list of smart home B2B customers.
For the first quarter that ended March 31, 2024, UEIC posted net sales of $91.90 million, and its gross profit rose 5.2% from the year-ago value to $25.99 million. Its cost of sales decreased 21.2% year-over-year to $65.91 million. Its cash and cash equivalents and total current assets came in at $26.91 million and $230.23 million as of March 31, 2024, respectively.
As per its second-quarter 2024 outlook, UEIC expects adjusted non-GAAP net sales between $90 million and $100 million.
Analysts expect UEIC's revenue and EPS for the third quarter (ending September 2024) to increase 1.5% and 170.8% year-over-year to $108.69 million and $0.22, respectively. Moreover, the company topped the consensus EPS estimates in all four trailing quarters.
UEIC's stock has surged 33.7% over the past six months and 35% over the past year to close the last trading session at $11.00.
UEIC's POWR Ratings reflect its bright prospects. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
UEIC has a B grade for Value and Sentiment. The stock is ranked #4 among 44 stocks in the Technology - Electronics industry.
To access UEIC's other ratings for Momentum, Stability, Growth, and Quality, <a href="https://stocknews.com/stock/UEIC/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
AAPL shares fell $0.29 (-0.14%) in premarket trading Thursday. Year-to-date, AAPL has gained 11.41%, versus a 15.75% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/aapl-sono-ueic-3-consumer-electronics-stocks-to-watch/>3 Consumer Electronics Stocks to Watch</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Consumer Electronics Stocks to Watch

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Identifying stocks to sell is crucial for investors who want to keep their capital. That might mean occasionally rebalancing one&rsquo;s portfolio, or if the situation is grave enough, some stocks might need to be cut completely out. And, with how bullish the tech industry is right now, I bet most of you are holding a few <a href="https://investorplace.com/industries/technology/">tech stocks</a> in your portfolio because they&rsquo;re great for profits. 



That being said, a sudden market downturn can also lead to massive (and disproportionate) sell-offs in the tech industry, so it might be best to prune troubled tech stocks out of your portfolio now.&nbsp;



Who knows? You might be holding one on the precipice of a historic drop&mdash;and nobody wants that.



So, today, I&rsquo;ve identified three tech stocks that have the potential to decline further once the market flips into a bearish sentiment. To compile this list, I screened the market using the following criteria:



<ul><li>Hold to strong sell rating from analysts,</li>



<li>Decrease in earnings and revenue in the latest annual report,</li>



<li>Trades at $10 and above.</li>
</ul>I then arranged the top three results by highest to lowest revenue decline. Here are the results.



<h2>Upstart Holdings (UPST)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/05/upst1600-300x169.png" alt="Person holding smartphone with logo of U.S. fintech company Upstart Network Inc. (UPST) on screen in front of website. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Upstart Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/upst-stock-quote/">UPST</a>) provides a platform that offers personal loans, automotive retail and refinance loans and other finance products.&nbsp;



The company uses AI to connect lending partners with consumers, like dealerships and lenders. Its software uses cloud-native technology, allowing further development and configurability for its multi-tenant architecture.



While that sounds great, Upstart Holdings&rsquo; financials haven&rsquo;t been going well. Its FY&rsquo;23 report highlighted a <a href="https://ir.upstart.com/news-releases/news-release-details/upstart-announces-fourth-quarter-and-full-year-2023-results">39% YOY revenue drop</a> to $514 million, with fee revenues decreasing by 38%. Transaction volumes were down 59%, while conversion on rate requests went from 14.1% in the previous year to 9.7%.&nbsp;



Net loss also ballooned from $109 million to $240 million. So, overall, it was not a great showing.&nbsp;



Even more alarmingly, the company only expects revenue of around <a href="https://ir.upstart.com/news-releases/news-release-details/upstart-announces-first-quarter-2024-results">$125 million for </a>Q2 &rsquo;24&mdash;the same as Q1. Unless something changes over the next two quarters, Upstart might only be able to report a $500 million revenue for 2024, signifying another potential decrease year over year.&nbsp;



While Wall Street rates UPST stock as a <a href="https://www.nasdaq.com/market-activity/stocks/upst/analyst-research">hold</a>, its losses and negative financial outlook no longer paint a bright picture of what&rsquo;s coming.



<h2>iRobot (IRBT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/irbt1600-300x169.png" alt="In this photo illustration the iRobot Corporation (IRBT) logo seen displayed on a smartphone screen"><div>Source: rafapress / Shutterstock.com</div></div>iRobot (NASDAQ:<a href="https://investorplace.com/stock-quotes/irbt-stock-quote/">IRBT</a>) specializes in building robots for the home to assist with daily tasks like cleaning and navigation. The company&rsquo;s most famous product, the Roomba, is a robot vacuum designed for wet and dry cleaning.&nbsp;



iRobots&rsquo; product lines include the Braava, Root, Braava Jet and Roomba Combo. The company also provides ongoing support through the iRobot HOME App and sells accessories and consumables through its online store and retail channels.



As exciting as its products sound, iRobot is struggling in the market, and it&rsquo;s easy to see why: competition in the space is fierce.



In its 2023 report, the company reported a <a href="https://investor.irobot.com/news-releases/news-release-details/irobot-reports-fourth-quarter-and-full-year-2023-financial">25% drop in revenue</a>, from $1.2 billion to $890.6 million. The bottom line isn&rsquo;t any better: net losses increased to $11.01 per share, compared to the previous year&rsquo;s $10.52 loss.&nbsp;



Despite new product launches and a strategic leadership change with <a href="https://investor.irobot.com/news-releases/news-release-details/irobot-reports-first-quarter-2024-financial-results">Gary Cohen&rsquo;s appointment as CEO</a>, revenue declines across key regions and persistent market challenges highlight the precarious state of iRobot&rsquo;s operations. 



Investors may need to wait for analysts to consider raising their <a href="https://www.nasdaq.com/market-activity/stocks/irbt/analyst-research">hold</a> rating on IRBT. Or, perhaps it&rsquo;s more prudent to head off the inevitable and sell IRBT stock with the rest of the troubled tech stocks on this list.



<h2>Universal Electronics (UEIC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/tech-stocks-1600-300x169.png" alt="A hexagonal grid with different tech-related icons; Tech stocks illustration. Best Tech stocks. tech stocks trading at bargain prices"><div>Source: whiteMocca / Shutterstock</div></div>Universal Electronics (NASDAQ:<a href="https://investorplace.com/stock-quotes/ueic-stock-quote/">UEIC</a>) specializes in IoT devices and wireless universal control solutions. Its flagship product, QuickSet, is an app that can be used in any smart home or entertainment platform. It can be accessed through the cloud and set up interoperably. Its other products also use infrared remote controls, two-way radio frequency, and voice-enabled technology.



Universal Electronics has been in a downward spiral. 2023 the company reported <a href="https://investors.uei.com/news-releases/news-release-details/universal-electronics-reports-fourth-quarter-and-year-end-2023">$420.5 million in revenue</a>, sliding by 23% from the previous year&rsquo;s $542.8 million. Gross margins continue to drop, from $28.1% to 23.2%. Meanwhile, the bottom line went from a 3-cent per-share profit to a disastrous $7.64 loss due to a non-cash charge.&nbsp;



Despite its secured projects and continued investments in climate control and home automation channels, these numbers are alarming. 



Analysts rate URIC stock as a <a href="https://www.nasdaq.com/market-activity/stocks/ueic/analyst-research">hold</a>, which is understandable. However, given its weak performance and <a href="https://investors.uei.com/news-releases/news-release-details/universal-electronics-reports-financial-results-first-quarter-2">flat to negative outlook</a>, UEIC might be one of the troubled tech stocks you should let go for now.&nbsp;



On the date of publication, Rick Orford did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Rick Orford is a Wall Street Journal best-selling author, investor, influencer, and mentor. His work has appeared in the most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul>
The post <a href="https://investorplace.com/2024/07/sell-alert-3-troubled-tech-stocks-to-toss-now/">Sell Alert: 3 Troubled Tech Stocks to Toss Now</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Sell Alert: 3 Troubled Tech Stocks to Toss Now

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Universal Electronics (NASDAQ:<a href="https://investorplace.com/stock-quotes/ueic-stock-quote/">UEIC</a>) just reported results for the second quarter of 2024.<ul><li>Universal Electronics reported earnings per share of -9 cents. This was below the analyst estimate for EPS of -4 cents.</li><li>The company reported revenue of $90.45 million.</li><li>This was 4.88% worse than the analyst estimate for revenue of $95.09 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/ueic-stock-earnings-universal-electronics-for-q2-of-2024/">UEIC Stock Earnings: Universal Electronics Misses EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

UEIC Stock Earnings: Universal Electronics Misses EPS, Misses Revenue for Q2 2024

Universal Electronics Inc. 2024 Q2 - Results - Earnings Call Presentation

Universal Electronics Inc. (UEIC) Q2 2024 Earnings Call Transcript

Universal Electronics Non-GAAP EPS of -$0.09, revenue of $90.5M

Universal Electronics Stock: Buy This Turnaround Story After The Recent Dip

AAPL

BRTHY

GCMG

IRBT

SONO

UPST

Press Releases

Universal Electronics Reports Fourth Quarter and Year-End 2023 Financial Results

Universal Electronics Inc. to Participate in the Sidoti Small-Cap Conference on March 13-14, 2024

Events

Sidoti Events, LLC's Virtual March Small-Cap Conference

Universal Electronics Inc. to Host First Quarter 2024 Financial Results Conference Call on May 2nd

Universal Electronics Unveils Inaugural Sustainability Report

Universal Electronics Reports Financial Results for the First Quarter 2024

Universal Electronics Inc. to Host Second Quarter 2024 Financial Results Conference Call on August 8th

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Universal Electronics

News

Latest news for Universal Electronics (NASDAQ:UEIC) Stock

People Also Watch