Parametric Portfolio Associates LLC Buys 3,819 Shares of Universal Electronics Inc (NASDAQ:UEIC)

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Parametric Portfolio Associates LLC lifted its stake in shares of Universal Electronics Inc (NASDAQ:UEIC) by 14.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,918 shares of the technology company’s stock after purchasing an additional 3,819 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Universal Electronics were worth $1,268,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its position in shares of Universal Electronics by 1,037.0% during the 2nd quarter. Bank of Montreal Can now owns 1,228 shares of the technology company’s stock worth $51,000 after purchasing an additional 1,120 shares in the last quarter. First Quadrant L P CA bought a new position in shares of Universal Electronics during the 2nd quarter worth about $62,000. KBC Group NV bought a new position in shares of Universal Electronics during the 2nd quarter worth about $198,000. Acadian Asset Management LLC bought a new position in shares of Universal Electronics during the 2nd quarter worth about $212,000. Finally, Louisiana State Employees Retirement System bought a new position in shares of Universal Electronics during the 2nd quarter worth about $225,000.

Shares of NASDAQ UEIC opened at $48.72 on Friday. Universal Electronics Inc has a fifty-two week low of $23.29 and a fifty-two week high of $53.10. The company has a quick ratio of 0.83, a current ratio of 1.34 and a debt-to-equity ratio of 0.08. The firm’s 50-day simple moving average is $47.06 and its 200 day simple moving average is $42.28.

Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.11. The firm had revenue of $193.90 million during the quarter, compared to analyst estimates of $178.11 million. Universal Electronics had a negative net margin of 2.22% and a negative return on equity of 6.11%. Sell-side analysts forecast that Universal Electronics Inc will post 0.67 earnings per share for the current fiscal year.

In other news, Director Carl E. Vogel sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $45.54, for a total transaction of $569,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Cheung Hyen Chong sold 6,036 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $45.33, for a total transaction of $273,611.88. Following the sale, the executive vice president now owns 8,386 shares of the company’s stock, valued at approximately $380,137.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,753 shares of company stock valued at $1,257,361. 7.09% of the stock is currently owned by company insiders.

UEIC has been the topic of a number of research analyst reports. ValuEngine cut shares of Universal Electronics from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BidaskClub raised shares of Universal Electronics from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 24th. Finally, Zacks Investment Research cut shares of Universal Electronics from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Universal Electronics has a consensus rating of “Buy” and an average target price of $50.00.

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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