Northpointe Capital LLC decreased its holdings in shares of Universal Electronics Inc. (NASDAQ:UEIC) by 18.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,221 shares of the technology company’s stock after selling 17,571 shares during the period. Northpointe Capital LLC owned 0.53% of Universal Electronics worth $4,832,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position in Universal Electronics by 151,751.4% in the first quarter. BlackRock Inc. now owns 1,705,291 shares of the technology company’s stock worth $116,813,000 after buying an additional 1,704,168 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Universal Electronics by 20.1% in the second quarter. William Blair Investment Management LLC now owns 1,599,417 shares of the technology company’s stock worth $106,921,000 after acquiring an additional 267,722 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Universal Electronics by 3.3% in the second quarter. Vanguard Group Inc. now owns 747,254 shares of the technology company’s stock worth $49,955,000 after acquiring an additional 23,964 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Universal Electronics by 7.2% in the second quarter. Voya Investment Management LLC now owns 449,411 shares of the technology company’s stock worth $30,043,000 after acquiring an additional 30,337 shares during the period. Finally, State Street Corp boosted its stake in Universal Electronics by 5.3% during the second quarter. State Street Corp now owns 349,027 shares of the technology company’s stock valued at $23,332,000 after buying an additional 17,564 shares during the period. Institutional investors own 95.34% of the company’s stock.
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Universal Electronics Inc. (UEIC) traded down $0.25 during mid-day trading on Friday, reaching $51.25. The company had a trading volume of 64,500 shares, compared to its average volume of 66,406. The company has a market cap of $729.61, a PE ratio of 23.84, a PEG ratio of 1.39 and a beta of 1.59. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.34 and a quick ratio of 0.80. Universal Electronics Inc. has a fifty-two week low of $48.50 and a fifty-two week high of $74.85.
Universal Electronics (NASDAQ:UEIC) last announced its earnings results on Thursday, November 2nd. The technology company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). Universal Electronics had a net margin of 1.45% and a return on equity of 11.27%. The company had revenue of $175.51 million for the quarter, compared to analysts’ expectations of $182.53 million. During the same quarter in the prior year, the firm posted $0.93 earnings per share. Universal Electronics’s quarterly revenue was up 3.0% on a year-over-year basis. analysts predict that Universal Electronics Inc. will post 2.11 EPS for the current year.
UEIC has been the subject of several research analyst reports. BidaskClub lowered Universal Electronics from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. B. Riley reaffirmed a “buy” rating and set a $77.25 price target on shares of Universal Electronics in a research note on Monday, July 31st. ValuEngine raised Universal Electronics from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded Universal Electronics from a “hold” rating to a “strong-buy” rating and set a $73.00 price target on the stock in a report on Tuesday, October 3rd. Finally, Piper Jaffray Companies reduced their price target on Universal Electronics to $70.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $72.75.
In other news, Director William C. Mulligan acquired 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 transaction, the director now directly owns 17,966 shares of the company’s stock, valued at approximately $1,004,479.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory Stapleton sold 10,000 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $60.31, for a total transaction of $603,100.00. Following the completion of the sale, the director now directly owns 35,726 shares in the company, valued at $2,154,635.06. The disclosure for this sale can be found here. Corporate insiders own 5.82% of the company’s stock.
Universal Electronics 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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