Lapides Asset Management LLC Raises Stake in Universal Electronics Inc. (NASDAQ:UEIC)

Lapides Asset Management LLC lifted its position in shares of Universal Electronics Inc. (NASDAQ:UEIC) by 2.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 123,700 shares of the technology company’s stock after purchasing an additional 2,500 shares during the quarter. Universal Electronics comprises approximately 2.5% of Lapides Asset Management LLC’s holdings, making the stock its 12th largest holding. Lapides Asset Management LLC owned approximately 0.92% of Universal Electronics worth $6,092,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of UEIC. Captrust Financial Advisors grew its holdings in shares of Universal Electronics by 1,780.0% during the 1st quarter. Captrust Financial Advisors now owns 470 shares of the technology company’s stock worth $26,000 after purchasing an additional 445 shares during the period. William Blair Investment Management LLC acquired a new position in Universal Electronics during the 2nd quarter worth approximately $66,000. Ergoteles LLC acquired a new position in Universal Electronics during the 2nd quarter worth approximately $204,000. Metropolitan Life Insurance Co NY lifted its position in Universal Electronics by 112,725.0% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 4,513 shares of the technology company’s stock worth $219,000 after acquiring an additional 4,509 shares in the last quarter. Finally, Connors Investor Services Inc. acquired a new position in Universal Electronics during the 2nd quarter worth approximately $252,000. Institutional investors and hedge funds own 88.75% of the company’s stock.

Several equities analysts recently commented on the company. TheStreet lowered Universal Electronics from a “b-” rating to a “c” rating in a research report on Friday, November 5th. B. Riley reaffirmed a “buy” rating on shares of Universal Electronics in a research report on Monday, November 1st. Zacks Investment Research lowered Universal Electronics from a “hold” rating to a “strong sell” rating in a research report on Friday, November 12th. Finally, Colliers Securities reaffirmed a “buy” rating and issued a $70.00 target price on shares of Universal Electronics in a research report on Monday, August 2nd. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $69.75.

Shares of NASDAQ UEIC traded down $0.34 during trading on Thursday, reaching $38.26. The stock had a trading volume of 29,615 shares, compared to its average volume of 64,689. Universal Electronics Inc. has a one year low of $35.23 and a one year high of $65.02. The stock has a market cap of $501.28 million, a PE ratio of 22.77, a P/E/G ratio of 4.03 and a beta of 1.10. The firm’s 50 day moving average price is $44.49 and its two-hundred day moving average price is $47.18.

Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings data on Thursday, November 4th. The technology company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.90). The company had revenue of $155.63 million for the quarter, compared to the consensus estimate of $162.07 million. Universal Electronics had a return on equity of 7.76% and a net margin of 3.88%. On average, sell-side analysts expect that Universal Electronics Inc. will post 0.96 earnings per share for the current year.

Universal Electronics Company Profile

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.

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Institutional Ownership by Quarter for Universal Electronics (NASDAQ:UEIC)

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