Universal Electronics Inc (UEIC) Position Raised by Blair William & Co. IL

Blair William & Co. IL boosted its position in shares of Universal Electronics Inc (NASDAQ:UEIC) by 0.1% during the first quarter, Holdings Channel reports. The fund owned 43,353 shares of the technology company’s stock after buying an additional 63 shares during the period. Blair William & Co. IL’s holdings in Universal Electronics were worth $2,970,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UEIC. William Blair Investment Management LLC raised its position in Universal Electronics by 42.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,294,201 shares of the technology company’s stock worth $83,541,000 after buying an additional 386,192 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Universal Electronics by 4.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 384,434 shares of the technology company’s stock worth $28,625,000 after buying an additional 15,975 shares during the last quarter. State Street Corp raised its position in Universal Electronics by 3.4% in the fourth quarter. State Street Corp now owns 312,600 shares of the technology company’s stock worth $20,180,000 after buying an additional 10,197 shares during the last quarter. NWQ Investment Management Company LLC raised its position in Universal Electronics by 15.0% in the fourth quarter. NWQ Investment Management Company LLC now owns 262,268 shares of the technology company’s stock worth $16,929,000 after buying an additional 34,204 shares during the last quarter. Finally, Frontier Capital Management Co. LLC raised its position in 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 worth $14,335,000 after buying an additional 31,109 shares during the last quarter. Institutional investors and hedge funds own 90.71% of the company’s stock.

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

Shares of Universal Electronics Inc (NASDAQ:UEIC) traded up 0.48% on Thursday, reaching $62.75. 5,289 shares of the company’s stock were exchanged. The stock has a market cap of $905.61 million, a P/E ratio of 52.29 and a beta of 1.78. Universal Electronics Inc has a 52-week low of $52.90 and a 52-week high of $80.42. The company’s 50 day moving average price is $66.64 and its 200-day moving average price is $66.38.

Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings data on Thursday, May 4th. The technology company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. The company had revenue of $162.30 million during the quarter, compared to the consensus estimate of $158.77 million. Universal Electronics had a net margin of 4.05% and a return on equity of 16.85%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 EPS. Equities analysts forecast that Universal Electronics Inc will post $3.35 EPS for the current fiscal year.

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A number of brokerages have weighed in on UEIC. Zacks Investment Research downgraded shares of Universal Electronics from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. B. Riley reaffirmed a “buy” rating and set a $77.25 price objective on shares of Universal Electronics in a report on Wednesday, March 22nd. TheStreet raised shares of Universal Electronics from a “c+” rating to a “b-” rating in a report on Thursday, March 16th. Lake Street Capital cut 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 report on Friday, May 5th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $77.00 target price on shares of Universal Electronics in a research report on Friday, May 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Universal Electronics has a consensus rating of “Buy” and an average target price of $76.45.

In other news, Director Edward K. Zinser sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $72.00, for a total transaction of $720,000.00. Following the completion of the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $1,440,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.82% of the company’s stock.

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.

12 Month Chart for NASDAQ:UEIC

Want to see what other hedge funds are holding UEIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Electronics Inc (NASDAQ:UEIC).

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