Universal Electronics Inc. (NASDAQ:UEIC) Director Eric Singer Buys 3,000 Shares

Universal Electronics Inc. (NASDAQ:UEIC) Director Eric Singer bought 3,000 shares of the firm’s stock in a transaction on Monday, May 19th. The stock was purchased at an average cost of $6.89 per share, with a total value of $20,670.00. Following the completion of the acquisition, the director now directly owns 39,403 shares of the company’s stock, valued at approximately $271,486.67. The trade was a 8.24% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Eric Singer also recently made the following trade(s):

• On Friday, May 16th, Eric Singer bought 6,000 shares of Universal Electronics stock. The stock was purchased at an average cost of $7.08 per share, with a total value of $42,480.00.
• On Tuesday, May 13th, Eric Singer bought 24,000 shares of Universal Electronics stock. The stock was purchased at an average cost of $6.73 per share, with a total value of $161,520.00.

Universal Electronics Stock Down 1.1%

UEIC opened at $7.05 on Wednesday. The firm has a 50 day moving average price of $5.77 and a 200-day moving average price of $8.60. Universal Electronics Inc. has a twelve month low of $4.32 and a twelve month high of $12.64. The stock has a market capitalization of $92.85 million, a price-to-earnings ratio of -3.81, a PEG ratio of 3.62 and a beta of 1.44.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.04). Universal Electronics had a negative net margin of 6.09% and a negative return on equity of 3.67%. The company had revenue of $110.45 million for the quarter, compared to analysts’ expectations of $102.47 million. As a group, analysts expect that Universal Electronics Inc. will post 0.17 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. StockNews.com cut shares of Universal Electronics from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 1st. Rosenblatt Securities reissued a “buy” rating and set a $15.00 price objective on shares of Universal Electronics in a report on Friday, February 21st.

Institutional Trading of Universal Electronics

Several large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC grew its position in Universal Electronics by 4.7% during the fourth quarter. Empowered Funds LLC now owns 45,014 shares of the technology company’s stock valued at $495,000 after buying an additional 2,034 shares during the period. Kennedy Capital Management LLC grew its position in Universal Electronics by 8.7% during the fourth quarter. Kennedy Capital Management LLC now owns 32,593 shares of the technology company’s stock valued at $359,000 after buying an additional 2,606 shares during the period. SBI Securities Co. Ltd. bought a new stake in Universal Electronics during the fourth quarter valued at approximately $33,000. First Eagle Investment Management LLC grew its position in Universal Electronics by 2.2% during the fourth quarter. First Eagle Investment Management LLC now owns 163,936 shares of the technology company’s stock valued at $1,803,000 after buying an additional 3,500 shares during the period. Finally, Sei Investments Co. grew its position in Universal Electronics by 21.4% during the fourth quarter. Sei Investments Co. now owns 22,144 shares of the technology company’s stock valued at $244,000 after buying an additional 3,909 shares during the period. 79.35% of the stock is currently owned by institutional investors.

About Universal Electronics

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People’s Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.