State Street Corp Has $22.71 Million Position in Universal Electronics Inc. (UEIC)

State Street Corp boosted its stake in shares of Universal Electronics Inc. (NASDAQ:UEIC) by 6.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 331,463 shares of the technology company’s stock after buying an additional 18,863 shares during the period. State Street Corp’s holdings in Universal Electronics were worth $22,708,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Bank of America Corp DE increased its position in shares of Universal Electronics by 0.5% in the first quarter. Bank of America Corp DE now owns 178,330 shares of the technology company’s stock valued at $12,215,000 after buying an additional 815 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Universal Electronics by 5.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 56,670 shares of the technology company’s stock valued at $3,882,000 after buying an additional 2,730 shares in the last quarter. Invictus RG purchased a new position in shares of Universal Electronics during the first quarter valued at $236,000. BlackRock Inc. increased its position in shares of Universal Electronics by 151,751.4% in the first quarter. BlackRock Inc. now owns 1,705,291 shares of the technology company’s stock valued at $116,813,000 after buying an additional 1,704,168 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Universal Electronics during the first quarter valued at $2,036,000. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Shares of Universal Electronics Inc. (NASDAQ UEIC) traded down 2.06% during trading on Thursday, reaching $59.55. 4,797 shares of the company’s stock traded hands. The company has a 50 day moving average price of $66.99 and a 200-day moving average price of $66.38. The stock has a market cap of $857.46 million, a P/E ratio of 55.09 and a beta of 1.65. Universal Electronics Inc. has a one year low of $52.90 and a one year high of $80.42.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.78 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.78. Universal Electronics had a return on equity of 11.97% and a net margin of 2.37%. The business had revenue of $177.58 million for the quarter, compared to analyst estimates of $176.12 million. During the same quarter in the prior year, the firm posted $0.74 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts expect that Universal Electronics Inc. will post $3.08 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by Ticker Report and is the property of of Ticker Report. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/2800251/state-street-corp-has-22-71-million-position-in-universal-electronics-inc-ueic.html.

Several equities analysts have weighed in on the stock. B. Riley reaffirmed a “buy” rating and set a $77.25 price target on shares of Universal Electronics in a report on Saturday. BidaskClub downgraded shares of Universal Electronics from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Zacks Investment Research raised shares of Universal Electronics from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $77.00 price target on shares of Universal Electronics in a report on Monday, May 15th. Finally, Lake Street Capital downgraded shares of Universal Electronics from a “buy” rating to a “hold” rating and set a $71.00 price target on the stock. in a report on Friday, May 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $74.06.

Universal Electronics Company 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.

Want to see what other hedge funds are holding UEIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Electronics Inc. (NASDAQ:UEIC).

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

Receive News & Ratings for Universal Electronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Electronics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.