Sei Investments Co. boosted its position in shares of Universal Electronics Inc. (NASDAQ:UEIC) by 0.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,374 shares of the technology company’s stock after buying an additional 2 shares during the period. Sei Investments Co. owned about 0.11% of Universal Electronics worth $1,094,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UEIC. State of Alaska Department of Revenue boosted 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 in the last quarter. Victory Capital Management Inc. boosted 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 in the last quarter. First Mercantile Trust Co. boosted 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 in the last quarter. Mason Street Advisors LLC boosted 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 in the last quarter. Finally, Invictus RG purchased a new position in shares of Universal Electronics during the first quarter worth about $236,000. Hedge funds and other institutional investors own 95.49% of the company’s stock.

Universal Electronics Inc. (NASDAQ:UEIC) opened at 56.70 on Thursday. The company’s 50-day moving average is $63.84 and its 200-day moving average is $65.96. The firm has a market cap of $816.54 million, a PE ratio of 52.45 and a beta of 1.65. Universal Electronics Inc. has a one year low of $52.90 and a one year high of $77.97.

Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.78 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.78. The company had revenue of $177.58 million for the quarter, compared to analysts’ expectations of $176.12 million. Universal Electronics had a return on equity of 11.97% and a net margin of 2.37%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 earnings per share. On average, analysts forecast that Universal Electronics Inc. will post $3.14 earnings per share for the current fiscal year.

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UEIC has been the subject of a number of analyst reports. B. Riley restated a “buy” rating and set a $77.25 price objective on shares of Universal Electronics in a report on Monday, July 31st. Piper Jaffray Companies restated a “buy” rating and set a $77.00 price objective on shares of Universal Electronics in a report on Friday, May 5th. BidaskClub upgraded shares of Universal Electronics from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of Universal Electronics from a “strong sell” rating to a “hold” rating in a report on Friday, May 12th. Finally, Lake Street Capital cut shares of Universal Electronics from a “buy” rating to a “hold” rating and set a $71.00 price objective for the company. in a report on Friday, May 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $74.06.

In other news, Director William C. Mulligan purchased 5,000 shares of Universal Electronics stock in a transaction that occurred on Wednesday, August 23rd. The shares were bought at an average cost of $55.91 per share, with a total value of $279,550.00. Following the completion of the purchase, the director now directly owns 17,966 shares in the company, valued at $1,004,479.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.82% of the stock is owned by corporate insiders.

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.

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

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