Universal Electronics Inc. (NASDAQ:UEIC) CFO Buys $48,250.00 in Stock

Universal Electronics Inc. (NASDAQ:UEIC – Get Rating) CFO Bryan M. Hackworth acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, March 15th. The stock was purchased at an average cost of $9.65 per share, for a total transaction of $48,250.00. Following the transaction, the chief financial officer now owns 61,073 shares in the company, valued at $589,354.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Universal Electronics Trading Down 2.1 %

NASDAQ:UEIC opened at $9.57 on Friday. The company has a market cap of $122.32 million, a PE ratio of 319.00 and a beta of 1.26. Universal Electronics Inc. has a twelve month low of $8.76 and a twelve month high of $34.39. The company’s 50 day moving average is $19.03 and its two-hundred day moving average is $20.10.

Institutional Trading of Universal Electronics

Several institutional investors and hedge funds have recently bought and sold shares of the business. Palouse Capital Management Inc. acquired a new stake in Universal Electronics during the 4th quarter valued at approximately $2,872,000. State of Tennessee Treasury Department lifted its stake in Universal Electronics by 41.6% during the 4th quarter. State of Tennessee Treasury Department now owns 23,599 shares of the technology company’s stock valued at $491,000 after acquiring an additional 6,930 shares during the period. State of Wisconsin Investment Board lifted its stake in Universal Electronics by 1.8% during the 4th quarter. State of Wisconsin Investment Board now owns 30,600 shares of the technology company’s stock valued at $637,000 after acquiring an additional 541 shares during the period. Millennium Management LLC lifted its stake in Universal Electronics by 549.9% during the 4th quarter. Millennium Management LLC now owns 194,128 shares of the technology company’s stock valued at $4,040,000 after acquiring an additional 164,257 shares during the period. Finally, Morgan Stanley lifted its stake in Universal Electronics by 34.8% during the 4th quarter. Morgan Stanley now owns 123,975 shares of the technology company’s stock valued at $2,580,000 after acquiring an additional 32,029 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UEIC. Sidoti raised shares of Universal Electronics from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Wednesday. B. Riley downgraded shares of Universal Electronics from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $22.00 to $29.00 in a research report on Friday, February 17th. StockNews.com assumed coverage on shares of Universal Electronics in a research report on Thursday. They set a “hold” rating on the stock. Finally, Rosenblatt Securities downgraded shares of Universal Electronics from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $36.00 to $20.00 in a research report on Friday, February 17th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $21.67.

Universal Electronics Company Profile

(Get Rating)

Universal Electronics, Inc engages in the design, development, and trade of control and sensor technology solutions. Its products include one for all retail accessories, tablets and smartphones, and consumer electronics OEM. The firm’s services include design, global manufacturing, and outsourced call center services.