Schwab Charles Investment Management Inc. increased its position in shares of Universal Electronics Inc. (NASDAQ:UEIC) by 5.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,670 shares of the technology company’s stock after buying an additional 2,730 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Universal Electronics were worth $3,882,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue increased its position in shares of Universal Electronics by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 1,590 shares of the technology company’s stock worth $108,000 after buying an additional 20 shares during the last quarter. Victory Capital Management Inc. increased its position 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 worth $114,000 after buying an additional 321 shares during the last quarter. First Mercantile Trust Co. increased its position in shares of Universal Electronics by 7.7% in the first quarter. First Mercantile Trust Co. now owns 2,556 shares of the technology company’s stock worth $175,000 after buying an additional 183 shares during the last quarter. Mason Street Advisors LLC increased its position 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 worth $232,000 after buying an additional 200 shares during the last quarter. Finally, Invictus RG bought a new position in shares of Universal Electronics during the first quarter worth about $236,000. 94.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of Universal Electronics Inc. (NASDAQ:UEIC) traded up 1.21% during trading on Wednesday, reaching $58.50. 6,508 shares of the company were exchanged. The firm’s 50 day moving average is $66.06 and its 200 day moving average is $66.26. Universal Electronics Inc. has a 1-year low of $52.90 and a 1-year high of $80.42. The firm has a market capitalization of $842.46 million, a P/E ratio of 54.12 and a beta of 1.65.

Universal Electronics (NASDAQ:UEIC) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. The company had revenue of $177.58 million for the quarter, compared to analyst estimates of $176.12 million. Universal Electronics had a return on equity of 11.97% and a net margin of 2.37%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.74 earnings per share. On average, equities analysts anticipate that Universal Electronics Inc. will post $3.14 EPS for the current fiscal year.

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A number of research analysts have issued reports on the stock. B. Riley reissued a “buy” rating and set a $77.25 price objective on shares of Universal Electronics in a research report on Thursday, August 10th. BidaskClub downgraded shares of Universal Electronics from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Piper Jaffray Companies reissued a “buy” rating and set a $77.00 price objective on shares of Universal Electronics in a research report on Monday, May 15th. Finally, Zacks Investment Research downgraded shares of Universal Electronics from a “buy” rating to a “hold” rating in a research report on Thursday, April 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $74.06.

Universal Electronics Company Profile

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

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