California Public Employees Retirement System raised its position in shares of Universal Electronics Inc. (NASDAQ:UEIC) by 5.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,900 shares of the company’s stock after buying an additional 2,500 shares during the period. California Public Employees Retirement System’s holdings in Universal Electronics were worth $3,790,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. William Blair Investment Management LLC raised its stake in Universal Electronics by 323.9% in the second quarter. William Blair Investment Management LLC now owns 717,505 shares of the company’s stock worth $51,861,000 after buying an additional 548,254 shares during the period. UBS Asset Management Americas Inc. raised its stake in Universal Electronics by 4,267.6% in the second quarter. UBS Asset Management Americas Inc. now owns 179,073 shares of the company’s stock worth $12,943,000 after buying an additional 174,973 shares during the period. Columbus Circle Investors purchased a new stake in Universal Electronics during the second quarter worth $12,631,000. Emerald Acquisition Ltd. purchased a new stake in Universal Electronics during the second quarter worth $7,715,000. Finally, American Century Companies Inc. purchased a new stake in Universal Electronics during the second quarter worth $5,251,000. Institutional investors own 91.71% of the company’s stock.

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

Shares of Universal Electronics Inc. (NASDAQ:UEIC) traded down 0.07% during trading on Wednesday, hitting $67.35. 165,908 shares of the stock were exchanged. The firm has a 50 day moving average of $68.46 and a 200-day moving average of $71.22. Universal Electronics Inc. has a 52-week low of $45.20 and a 52-week high of $80.42. The stock has a market cap of $981.42 million, a PE ratio of 37.38 and a beta of 1.90.

Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.02. The company had revenue of $170.30 million for the quarter, compared to the consensus estimate of $173.98 million. Universal Electronics had a net margin of 4.05% and a return on equity of 16.85%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 earnings per share. Equities research analysts anticipate that Universal Electronics Inc. will post $2.90 earnings per share for the current fiscal year.

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UEIC has been the topic of a number of analyst reports. B. Riley reaffirmed a “neutral” rating and set a $73.50 target price on shares of Universal Electronics in a report on Friday, August 5th. Zacks Investment Research lowered shares of Universal Electronics from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. Finally, Lake Street Capital initiated coverage on shares of Universal Electronics in a report on Thursday, August 18th. They set a “buy” rating and a $87.00 target price on the stock. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $74.92.

In other Universal Electronics news, insider David Cheung Hyen Chong sold 3,500 shares of Universal Electronics stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $75.77, for a total transaction of $265,195.00. Following the transaction, the insider now owns 25,076 shares of the company’s stock, valued at $1,900,008.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard A. Firehammer, Jr. sold 753 shares of Universal Electronics stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $70.30, for a total transaction of $52,935.90. The disclosure for this sale can be found here. 5.82% of the stock is currently owned by corporate insiders.

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.

5 Day Chart for NASDAQ:UEIC

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