Universal Electronics Inc (UEIC) Shares Sold by Lapides Asset Management LLC

Lapides Asset Management LLC lessened its holdings in shares of Universal Electronics Inc (NASDAQ:UEIC) by 1.2% in the third quarter, Holdings Channel reports. The fund owned 144,700 shares of the technology company’s stock after selling 1,800 shares during the period. Lapides Asset Management LLC’s holdings in Universal Electronics were worth $5,694,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Hartland & Co. LLC boosted its position in shares of Universal Electronics by 5.3% during the 2nd quarter. Hartland & Co. LLC now owns 24,995 shares of the technology company’s stock valued at $826,000 after acquiring an additional 1,250 shares during the last quarter. First Mercantile Trust Co. boosted its position in shares of Universal Electronics by 17.4% during the 2nd quarter. First Mercantile Trust Co. now owns 9,797 shares of the technology company’s stock valued at $324,000 after acquiring an additional 1,451 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Universal Electronics by 4.7% during the 2nd quarter. Rhumbline Advisers now owns 34,848 shares of the technology company’s stock valued at $1,152,000 after acquiring an additional 1,578 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Universal Electronics by 3.6% during the 1st quarter. Wells Fargo & Company MN now owns 45,383 shares of the technology company’s stock valued at $2,362,000 after acquiring an additional 1,587 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Universal Electronics by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 109,653 shares of the technology company’s stock valued at $5,707,000 after acquiring an additional 2,599 shares during the last quarter.

NASDAQ:UEIC traded down $0.06 during mid-day trading on Tuesday, reaching $30.75. The stock had a trading volume of 1,614 shares, compared to its average volume of 61,012. The company has a market capitalization of $435.26 million, a price-to-earnings ratio of 10.79, a PEG ratio of 10.49 and a beta of 1.16. Universal Electronics Inc has a one year low of $26.97 and a one year high of $62.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.33 and a quick ratio of 0.84.

Universal Electronics (NASDAQ:UEIC) last released its earnings results on Thursday, August 2nd. The technology company reported $0.38 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.38. The company had revenue of $162.52 million during the quarter, compared to the consensus estimate of $161.15 million. Universal Electronics had a return on equity of 15.77% and a net margin of 1.02%. As a group, sell-side analysts anticipate that Universal Electronics Inc will post 0.2 EPS for the current year.

In related news, insider Richard A. Firehammer, Jr. sold 4,032 shares of the business’s stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $40.07, for a total value of $161,562.24. Following the completion of the sale, the insider now owns 4,032 shares in the company, valued at approximately $161,562.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.97% of the company’s stock.

A number of research firms recently weighed in on UEIC. B. Riley set a $42.00 target price on Universal Electronics and gave the stock a “hold” rating in a research report on Friday, August 3rd. Sidoti downgraded Universal Electronics from a “buy” rating to a “neutral” rating and set a $44.00 target price for the company. in a research report on Tuesday, September 4th. TheStreet upgraded Universal Electronics from a “d+” rating to a “c” rating in a research report on Friday, August 3rd. BidaskClub downgraded Universal Electronics from a “buy” rating to a “hold” rating in a research report on Wednesday, September 5th. Finally, ValuEngine upgraded Universal Electronics from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Universal Electronics currently has a consensus rating of “Hold” and an average target price of $52.00.

Universal Electronics Company Profile

Universal Electronics Inc develops and manufactures pre-programmed and universal control products, audio-video (AV) accessories, software and intelligent wireless security products, and sensing and automation components for home entertainment and automation systems. The company offers universal infrared and radio frequency (RF) remote controls; integrated circuits on which its software and universal device control database is embedded; and software, firmware, and technology solutions that enable devices, including televisions, set-top boxes, audio systems, smartphones, tablets, game controllers, and other consumer electronic devices to wirelessly connect and interact with home networks, as well as interactive services to control and deliver digital entertainment and information.

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

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