Thrivent Financial For Lutherans raised its stake in Universal Electronics Inc. (NASDAQ:UEIC) by 4.2% during the first quarter, Holdings Channel reports. The firm owned 8,120 shares of the technology company’s stock after buying an additional 330 shares during the period. Thrivent Financial For Lutherans’ holdings in Universal Electronics were worth $556,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of UEIC. State of Alaska Department of Revenue raised its position in Universal Electronics by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 1,590 shares of the technology company’s stock valued at $108,000 after buying an additional 20 shares during the period. PNC Financial Services Group Inc. raised its position in Universal Electronics by 1.7% in the first quarter. PNC Financial Services Group Inc. now owns 4,069 shares of the technology company’s stock valued at $279,000 after buying an additional 69 shares during the period. Envestnet Asset Management Inc. raised its position in Universal Electronics by 2.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,470 shares of the technology company’s stock valued at $483,000 after buying an additional 175 shares during the period. First Mercantile Trust Co. raised its position in Universal Electronics by 7.7% in the first quarter. First Mercantile Trust Co. now owns 2,556 shares of the technology company’s stock valued at $175,000 after buying an additional 183 shares during the period. Finally, Mason Street Advisors LLC raised its position in Universal Electronics by 6.3% in the first quarter. Mason Street Advisors LLC now owns 3,384 shares of the technology company’s stock valued at $232,000 after buying an additional 200 shares during the period. 92.86% of the stock is owned by hedge funds and other institutional investors.

Shares of Universal Electronics Inc. (UEIC) opened at 67.175 on Tuesday. The company has a 50-day moving average price of $65.32 and a 200-day moving average price of $66.19. Universal Electronics Inc. has a 12 month low of $52.90 and a 12 month high of $80.42. The company has a market capitalization of $969.47 million, a price-to-earnings ratio of 55.979 and a beta of 1.65.

Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings data on Thursday, May 4th. The technology company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Universal Electronics had a net margin of 2.68% and a return on equity of 14.40%. The business had revenue of $162.30 million during the quarter, compared to analyst estimates of $158.77 million. During the same period last year, the business posted $0.50 earnings per share. Universal Electronics’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities analysts anticipate that Universal Electronics Inc. will post $3.35 EPS for the current year.

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A number of brokerages recently commented on UEIC. B. Riley reaffirmed a “buy” rating and issued a $77.25 target price on shares of Universal Electronics in a research report on Wednesday, May 10th. Zacks Investment Research raised Universal Electronics from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $77.00 target price on shares of Universal Electronics in a research report on Friday, May 5th. BidaskClub raised Universal Electronics from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, Lake Street Capital lowered 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $74.06.

In other Universal Electronics news, Director Edward K. Zinser sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 20th. The shares were sold at an average price of $70.00, for a total transaction of $700,000.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at $1,400,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.82% of the stock is currently owned by company 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.

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

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