Universal Electronics Inc. (NASDAQ:UEIC) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $74.89 and last traded at $73.66, with a volume of 49,561 shares changing hands. The stock had previously closed at $73.58.

A number of research analysts have recently issued reports on UEIC shares. Zacks Investment Research upgraded shares of Universal Electronics from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Tuesday, May 10th. B. Riley restated a “neutral” rating and set a $60.00 price target on shares of Universal Electronics in a report on Thursday, May 12th.

The stock has a market cap of $1.07 billion and a price-to-earnings ratio of 41.9939. The firm has a 50-day moving average of $67.71 and a 200-day moving average of $59.65.

Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The business had revenue of $151.50 million for the quarter, compared to analyst estimates of $159.59 million. During the same period in the previous year, the business earned $0.46 EPS. The company’s quarterly revenue was up 14.2% on a year-over-year basis. On average, equities analysts predict that Universal Electronics Inc. will post $3.36 EPS for the current year.

In other Universal Electronics news, Director Edward K. Zinser sold 10,588 shares of the company’s stock in a transaction on Friday, June 10th. The shares were sold at an average price of $65.23, for a total value of $690,655.24. Following the completion of the transaction, the director now directly owns 11,288 shares in the company, valued at approximately $736,316.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Richard A. Firehammer, Jr. sold 2,697 shares of the company’s stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $64.30, for a total transaction of $173,417.10. Following the completion of the transaction, the senior vice president now owns 270 shares of the company’s stock, valued at $17,361. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently modified their holdings of UEIC. Russell Frank Co raised its position in shares of Universal Electronics by 27.0% in the fourth quarter. Russell Frank Co now owns 125,195 shares of the company’s stock valued at $6,450,000 after buying an additional 26,598 shares during the period. Bank of Montreal Can raised its position in shares of Universal Electronics by 38,280.3% in the fourth quarter. Bank of Montreal Can now owns 120,898 shares of the company’s stock valued at $6,208,000 after buying an additional 120,583 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Universal Electronics by 4.8% in the fourth quarter. California Public Employees Retirement System now owns 52,100 shares of the company’s stock valued at $2,675,000 after buying an additional 2,400 shares during the last quarter. Monarch Partners Asset Management LLC acquired a new position in shares of Universal Electronics during the fourth quarter valued at about $2,008,000. Finally, New York State Common Retirement Fund raised its position in shares of Universal Electronics by 3.0% in the fourth quarter. New York State Common Retirement Fund now owns 34,356 shares of the company’s stock valued at $1,764,000 after buying an additional 1,000 shares during the last quarter.

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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