Universal Electronics Inc. (NASDAQ:UEIC) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in shares of Universal Electronics Inc. (NASDAQ:UEIC) by 4.3% in the third quarter, Holdings Channel reports. The firm owned 53,703 shares of the technology company’s stock after purchasing an additional 2,203 shares during the period. Victory Capital Management Inc.’s holdings in Universal Electronics were worth $496,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Sei Investments Co. purchased a new stake in shares of Universal Electronics during the 2nd quarter worth about $212,000. Dimensional Fund Advisors LP grew its holdings in shares of Universal Electronics by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 392,822 shares of the technology company’s stock worth $4,565,000 after purchasing an additional 13,495 shares during the period. American Century Companies Inc. grew its holdings in shares of Universal Electronics by 24.8% during the 2nd quarter. American Century Companies Inc. now owns 165,845 shares of the technology company’s stock worth $1,927,000 after purchasing an additional 32,911 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Universal Electronics by 9.1% during the 2nd quarter. Acadian Asset Management LLC now owns 499,940 shares of the technology company’s stock worth $5,804,000 after purchasing an additional 41,795 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Universal Electronics during the 2nd quarter worth about $122,000. Hedge funds and other institutional investors own 79.35% of the company’s stock.

Insider Transactions at Universal Electronics

In other news, Director Edward K. Zinser sold 2,500 shares of Universal Electronics stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $10.68, for a total transaction of $26,700.00. Following the sale, the director now directly owns 38,062 shares of the company’s stock, valued at approximately $406,502.16. The trade was a 6.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on UEIC shares. Rosenblatt Securities upgraded Universal Electronics from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a report on Friday, November 8th. B. Riley upgraded shares of Universal Electronics from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $11.00 to $14.00 in a research note on Monday, November 11th. Finally, StockNews.com raised shares of Universal Electronics from a “hold” rating to a “buy” rating in a report on Thursday, September 19th.

Universal Electronics Stock Performance

Shares of NASDAQ UEIC opened at $11.58 on Friday. Universal Electronics Inc. has a 1 year low of $7.17 and a 1 year high of $14.20. The firm has a market cap of $150.86 million, a price-to-earnings ratio of -5.65 and a beta of 1.13. The stock’s 50-day simple moving average is $9.27 and its 200-day simple moving average is $10.24.

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.