Universal Electronics Inc. (UEIC) Shares Sold by Wellington Shields & Co. LLC

Wellington Shields & Co. LLC lowered its holdings in Universal Electronics Inc. (NASDAQ:UEIC) by 1.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 237,398 shares of the technology company’s stock after selling 4,000 shares during the quarter. Universal Electronics comprises 5.0% of Wellington Shields & Co. LLC’s investment portfolio, making the stock its 3rd biggest holding. Wellington Shields & Co. LLC owned about 1.65% of Universal Electronics worth $15,051,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UEIC. PNC Financial Services Group Inc. increased its holdings in shares of Universal Electronics by 1.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,069 shares of the technology company’s stock valued at $279,000 after acquiring an additional 69 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of Universal Electronics by 4.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 8,120 shares of the technology company’s stock valued at $556,000 after acquiring an additional 330 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Universal Electronics by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 723,290 shares of the technology company’s stock valued at $49,546,000 after acquiring an additional 38,395 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Universal Electronics by 5.8% in the 1st quarter. Geode Capital Management LLC now owns 117,314 shares of the technology company’s stock valued at $8,036,000 after acquiring an additional 6,390 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Universal Electronics in the 1st quarter valued at about $2,036,000. Institutional investors and hedge funds own 95.37% of the company’s stock.

Universal Electronics Inc. (NASDAQ:UEIC) traded up $0.10 during trading hours on Tuesday, reaching $51.30. The company had a trading volume of 16,163 shares, compared to its average volume of 76,069. The stock has a market cap of $733.88, a P/E ratio of 23.73, a PEG ratio of 1.39 and a beta of 1.59. The company has a quick ratio of 0.80, a current ratio of 1.34 and a debt-to-equity ratio of 0.05. Universal Electronics Inc. has a 12-month low of $48.50 and a 12-month high of $74.85.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The firm had revenue of $175.51 million for the quarter, compared to analysts’ expectations of $182.53 million. Universal Electronics had a return on equity of 11.27% and a net margin of 1.45%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 EPS. equities research analysts predict that Universal Electronics Inc. will post 2.11 EPS for the current fiscal year.

A number of research analysts have recently commented on the company. BidaskClub downgraded Universal Electronics from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. ValuEngine upgraded Universal Electronics from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. B. Riley restated a “buy” rating and set a $77.25 price target on shares of Universal Electronics in a research note on Thursday, August 10th. Zacks Investment Research downgraded Universal Electronics from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 9th. Finally, Piper Jaffray Companies dropped their price target on Universal Electronics to $70.00 and set an “overweight” rating on the stock in a research note 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 company has an average rating of “Hold” and an average target price of $72.75.

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In related news, Director William C. Mulligan bought 5,000 shares of the stock in a transaction on Wednesday, August 23rd. The shares were bought at an average cost of $55.91 per share, for a total transaction of $279,550.00. Following the purchase, the director now owns 17,966 shares of the company’s stock, valued at approximately $1,004,479.06. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gregory Stapleton sold 10,000 shares of Universal Electronics stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $60.31, for a total value of $603,100.00. Following the completion of the transaction, the director now owns 35,726 shares in the company, valued at $2,154,635.06. The disclosure for this sale can be found here. Company 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.

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

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