Blair William & Co. IL raised its stake in shares of Universal Electronics Inc. (NASDAQ:UEIC) by 0.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,353 shares of the technology company’s stock after buying an additional 63 shares during the period. Blair William & Co. IL owned about 0.30% of Universal Electronics worth $2,970,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Frontier Capital Management Co. LLC boosted its stake in shares of Universal Electronics by 17.5% in the first quarter. Frontier Capital Management Co. LLC now owns 209,272 shares of the technology company’s stock valued at $14,335,000 after buying an additional 31,109 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Universal Electronics by 23.8% in the first quarter. Victory Capital Management Inc. now owns 1,667 shares of the technology company’s stock valued at $114,000 after buying an additional 321 shares during the last quarter. Mason Street Advisors LLC boosted its stake in shares of Universal Electronics by 6.3% in the first quarter. Mason Street Advisors LLC now owns 3,384 shares of the technology company’s stock valued at $232,000 after buying an additional 200 shares during the last quarter. State of Tennessee Treasury Department boosted its stake in shares of Universal Electronics by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 13,630 shares of the technology company’s stock valued at $934,000 after buying an additional 2,057 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Universal Electronics by 13.4% in the first quarter. Ameriprise Financial Inc. now owns 95,130 shares of the technology company’s stock valued at $6,516,000 after buying an additional 11,210 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

Institutional Ownership by Quarter for Universal Electronics (NASDAQ:UEIC)

Shares of Universal Electronics Inc. (NASDAQ UEIC) traded down 0.89% during midday trading on Friday, reaching $66.45. 65,479 shares of the company traded hands. The company has a 50-day moving average of $65.40 and a 200 day moving average of $66.15. Universal Electronics Inc. has a 12-month low of $52.90 and a 12-month high of $80.42. The firm has a market capitalization of $959.01 million, a PE ratio of 55.37 and a beta of 1.60.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings results on Thursday, May 4th. The technology company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. Universal Electronics had a net margin of 2.68% and a return on equity of 14.40%. The business had revenue of $162.30 million for the quarter, compared to analysts’ expectations of $158.77 million. During the same period in the previous year, the company earned $0.50 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities analysts forecast that Universal Electronics Inc. will post $3.35 earnings per share for the current year.

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Several analysts have commented on the stock. Zacks Investment Research cut shares of Universal Electronics from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 24th. Piper Jaffray Companies restated a “buy” rating and issued a $77.00 price objective on shares of Universal Electronics in a research report on Monday, May 15th. B. Riley restated a “buy” rating and issued a $77.25 price objective on shares of Universal Electronics in a research report on Wednesday, May 10th. Lake Street Capital lowered shares of Universal Electronics from a “buy” rating to a “hold” rating and set a $71.00 target price for the company. in a research note on Friday, May 5th. Finally, TheStreet raised shares of Universal Electronics from a “c+” rating to a “b-” rating in a research note on Thursday, March 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Universal Electronics presently has an average rating of “Buy” and an average target price of $76.45.

In related news, Director Edward K. Zinser sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $72.00, for a total transaction of $720,000.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $1,440,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.82% of the stock is currently owned by insiders.

About Universal Electronics

Universal Electronics Inc (UEI) develops control and sensor technology solutions and manufactures 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, 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.

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