11 Best Consumer Electronics Stocks to Invest in Now

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7. Universal Electronics Inc. (NASDAQ:UEIC)

Number of Hedge Fund Holders: 10

Universal Electronics Inc. (NASDAQ:UEIC) provides control and sensor technology solutions. It develops and manufactures universal remote controls, smart home devices, and related software and hardware. It serves several customers, like video service providers, OEMs, and retailers, with a focus on enabling seamless connectivity and control within home entertainment and smart home ecosystems.

The company’s growth is driven by the increasing demand for innovative home entertainment solutions. For this reason, it expanded its market share within the video space and achieved a 5% increase in market share with telecom providers across North America and Europe. Similarly, it recently secured a design win for a battery-free remote control, which eliminates the need for traditional batteries and enhances the user experience. Its retail business is also resurging, with a 7% year-over-year growth in retail sales after a period of stagnation.

Universal Electronics Inc.’s (NASDAQ:UEIC) continued investment in cutting-edge technologies, like QuickSet and Nevo AI, positions it to grow. QuickSet is a platform that simplifies the setup and control of entertainment and smart home devices. Nevo AI is an AI-powered digital assistant that uses QuickSet to provide personalized user experiences, such as voice control and proactive recommendations.

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