Thomson Horstmann & Bryant Inc. Boosts Stake in Universal Electronics Inc (UEIC)

Thomson Horstmann & Bryant Inc. lifted its stake in Universal Electronics Inc (NASDAQ:UEIC) by 3.4% during the fourth quarter, Holdings Channel reports. The fund owned 91,959 shares of the technology company’s stock after purchasing an additional 3,008 shares during the quarter. Thomson Horstmann & Bryant Inc.’s holdings in Universal Electronics were worth $4,345,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of UEIC. Suntrust Banks Inc. increased its position in Universal Electronics by 0.5% during the second quarter. Suntrust Banks Inc. now owns 7,891 shares of the technology company’s stock worth $527,000 after buying an additional 43 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Universal Electronics by 1.8% during the second quarter. PNC Financial Services Group Inc. now owns 4,144 shares of the technology company’s stock worth $278,000 after buying an additional 75 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Universal Electronics by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 11,082 shares of the technology company’s stock worth $741,000 after buying an additional 91 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in Universal Electronics by 0.5% during the second quarter. TIAA CREF Investment Management LLC now owns 38,098 shares of the technology company’s stock worth $2,547,000 after buying an additional 188 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Universal Electronics by 17.7% during the second quarter. Victory Capital Management Inc. now owns 1,962 shares of the technology company’s stock worth $131,000 after buying an additional 295 shares during the last quarter. 96.66% of the stock is currently owned by institutional investors and hedge funds.

Universal Electronics Inc (NASDAQ:UEIC) opened at $47.85 on Thursday. The company has a current ratio of 1.34, a quick ratio of 0.80 and a debt-to-equity ratio of 0.05. The company has a market cap of $683.10, a price-to-earnings ratio of 72.50, a price-to-earnings-growth ratio of 0.88 and a beta of 1.53. Universal Electronics Inc has a 1 year low of $46.05 and a 1 year high of $74.85.

Universal Electronics (NASDAQ:UEIC) last posted its earnings results on Thursday, November 2nd. The technology company reported $0.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.04). Universal Electronics had a return on equity of 11.27% and a net margin of 1.45%. The business had revenue of $175.51 million for the quarter, compared to analyst estimates of $182.53 million. During the same period in the previous year, the company earned $0.93 earnings per share. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. equities analysts anticipate that Universal Electronics Inc will post 2.28 EPS for the current fiscal year.

In other news, Director J C. Sparkman purchased 2,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was bought at an average cost of $47.50 per share, for a total transaction of $95,000.00. Following the completion of the acquisition, the director now directly owns 41,871 shares of the company’s stock, valued at $1,988,872.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Louis Sylvester Hughes sold 925 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $53.58, for a total transaction of $49,561.50. Following the sale, the chief operating officer now owns 1,502 shares of the company’s stock, valued at $80,477.16. The disclosure for this sale can be found here. 5.94% of the stock is owned by corporate insiders.

Several equities analysts have commented on the stock. B. Riley set a $77.00 target price on shares of Universal Electronics and gave the stock a “buy” rating in a research report on Tuesday, October 31st. BidaskClub raised shares of Universal Electronics from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research raised shares of Universal Electronics from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Finally, Piper Jaffray Companies lowered their target price on shares of Universal Electronics to $70.00 and set an “overweight” rating on the stock in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $72.75.

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

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