Universal Electronics Inc. (NASDAQ:UEIC) Director Eric Singer Purchases 4,000 Shares

Universal Electronics Inc. (NASDAQ:UEIC) Director Eric Singer bought 4,000 shares of Universal Electronics stock in a transaction dated Wednesday, May 21st. The stock was acquired at an average price of $6.70 per share, with a total value of $26,800.00. Following the acquisition, the director now directly owns 46,403 shares of the company’s stock, valued at approximately $310,900.10. This represents a 9.43% increase in their ownership of the stock. 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 Monday, May 19th, Eric Singer purchased 3,000 shares of Universal Electronics stock. The stock was bought at an average cost of $6.89 per share, for a total transaction of $20,670.00.
• On Friday, May 16th, Eric Singer bought 6,000 shares of Universal Electronics stock. The shares were acquired at an average cost of $7.08 per share, for a total transaction of $42,480.00.
• On Tuesday, May 13th, Eric Singer purchased 24,000 shares of Universal Electronics stock. The shares were purchased at an average price of $6.73 per share, with a total value of $161,520.00.

Universal Electronics Stock Performance

UEIC opened at $6.82 on Thursday. The company has a fifty day moving average price of $5.77 and a two-hundred day moving average price of $8.59. Universal Electronics Inc. has a 52 week low of $4.32 and a 52 week high of $12.64. The firm has a market capitalization of $89.82 million, a PE ratio of -3.69, a P/E/G ratio of 3.62 and a beta of 1.44.

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

Institutional Investors Weigh In On Universal Electronics

Several institutional investors and hedge funds have recently added to or reduced their stakes in UEIC. Barclays PLC boosted its holdings in Universal Electronics by 33.5% in the 3rd quarter. Barclays PLC now owns 21,943 shares of the technology company’s stock valued at $202,000 after purchasing an additional 5,512 shares during the period. JPMorgan Chase & Co. increased its position in shares of Universal Electronics by 34.7% during the third quarter. JPMorgan Chase & Co. now owns 17,823 shares of the technology company’s stock worth $165,000 after buying an additional 4,591 shares during the period. Empowered Funds LLC increased its position in shares of Universal Electronics by 4.7% during the fourth quarter. Empowered Funds LLC now owns 45,014 shares of the technology company’s stock worth $495,000 after buying an additional 2,034 shares during the period. Peapod Lane Capital LLC acquired a new stake in Universal Electronics in the fourth quarter worth $1,215,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Universal Electronics in the fourth quarter valued at $33,000. 79.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.