Peregrine Capital Management LLC raised its position in shares of Universal Electronics Inc (NASDAQ:UEIC) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 128,606 shares of the technology company’s stock after buying an additional 1,820 shares during the period. Peregrine Capital Management LLC owned about 0.92% of Universal Electronics worth $6,021,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of UEIC. Joel Isaacson & Co. LLC purchased a new position in Universal Electronics during the 2nd quarter valued at about $234,000. Assenagon Asset Management S.A. purchased a new position in Universal Electronics during the 2nd quarter valued at about $1,703,000. SG Americas Securities LLC lifted its position in Universal Electronics by 54.4% during the 2nd quarter. SG Americas Securities LLC now owns 7,332 shares of the technology company’s stock valued at $343,000 after acquiring an additional 2,584 shares during the period. State Street Corp lifted its position in Universal Electronics by 11.4% during the 1st quarter. State Street Corp now owns 449,373 shares of the technology company’s stock valued at $17,242,000 after acquiring an additional 45,913 shares during the period. Finally, Royal Bank of Canada lifted its position in Universal Electronics by 11.1% during the 1st quarter. Royal Bank of Canada now owns 487,849 shares of the technology company’s stock valued at $18,719,000 after acquiring an additional 48,837 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on UEIC shares. Zacks Investment Research cut shares of Universal Electronics from a “hold” rating to a “sell” rating in a research report on Wednesday, June 10th. B. Riley lowered their price target on shares of Universal Electronics from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Finally, BidaskClub upgraded shares of Universal Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th.
NASDAQ:UEIC opened at $46.07 on Friday. The firm has a market cap of $640.97 million, a P/E ratio of 63.99, a P/E/G ratio of 1.25 and a beta of 1.21. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.87 and a current ratio of 1.45. Universal Electronics Inc has a fifty-two week low of $29.50 and a fifty-two week high of $60.00. The firm has a 50-day simple moving average of $46.36 and a two-hundred day simple moving average of $43.73.
Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.02). The firm had revenue of $151.78 million for the quarter, compared to the consensus estimate of $165.19 million. Universal Electronics had a net margin of 1.45% and a return on equity of 3.93%. On average, equities research analysts predict that Universal Electronics Inc will post 2.45 EPS for the current year.
Universal Electronics 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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