Universal Electronics Appoints Wade Jenke as CFO to Drive Financial Growth Strategies
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Businesswire
- Executive Appointment: Universal Electronics has appointed Wade M. Jenke as Chief Financial Officer, effective immediately, with responsibilities for financial, accounting, treasury, and investor relations functions aimed at driving the company's growth and profitability.
- Extensive Experience: Jenke's prior role as CFO at Amtech Systems equips him with valuable financial management skills in the semiconductor industry, which is expected to significantly support UEI's financial and strategic objectives.
- Strategic Execution: Jenke expressed his commitment to enhancing financial discipline and supporting the execution of strategic initiatives, which will help improve the company's financial performance and strengthen its market competitiveness.
- Management Team Enhancement: Jenke's addition is viewed as a strong enhancement to UEI's senior management team, expected to drive ongoing innovation and maintain the company's leadership position in the technology sector.
UEIC
$3.14+Infinity%1D
Analyst Views on UEIC
Wall Street analysts forecast UEIC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UEIC is 3.50 USD with a low forecast of 3.50 USD and a high forecast of 3.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 3.130
Low
3.50
Averages
3.50
High
3.50
Current: 3.130
Low
3.50
Averages
3.50
High
3.50
About UEIC
Universal Electronics Inc. is engaged in providing wireless universal control solutions for the home. The Company designs, develops, manufactures, ships, and supports home entertainment control products, technology and software solutions, climate control solutions, wireless sensor and smart home control products and audio-video (AV) accessories. Its flagship product, QuickSet is a software solution that is primarily delivered as a cloud-based service but is also embedded in various entertainment and smart home platforms worldwide, to enable universal device and content discovery system setup, device interoperability and system control. QuickSet and QuickSet Cloud utilize data transmitted over various communication protocols including HDMI, low power radio frequency (RF), thread, matter, Internet Protocol (IP), consumer electronics control (CEC) and infrared to detect various attributes of connected devices, including services (apps), content history and whole home audio.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
