Laurion Capital Management LP Purchases Shares of 5,981 Universal Electronics Inc (UEIC)

Laurion Capital Management LP purchased a new stake in shares of Universal Electronics Inc (NASDAQ:UEIC) during the first quarter, HoldingsChannel reports. The fund purchased 5,981 shares of the technology company’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Teachers Advisors LLC boosted its holdings in shares of Universal Electronics by 8.0% in the 3rd quarter. Teachers Advisors LLC now owns 28,248 shares of the technology company’s stock valued at $1,112,000 after buying an additional 2,088 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Universal Electronics by 6.3% in the 3rd quarter. Legal & General Group Plc now owns 29,372 shares of the technology company’s stock valued at $1,151,000 after buying an additional 1,731 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Universal Electronics by 12.5% in the 3rd quarter. Vanguard Group Inc. now owns 825,686 shares of the technology company’s stock valued at $32,490,000 after buying an additional 91,535 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Universal Electronics by 12.5% in the 3rd quarter. Vanguard Group Inc now owns 825,686 shares of the technology company’s stock valued at $32,490,000 after buying an additional 91,535 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Universal Electronics by 6.0% in the 4th quarter. Arizona State Retirement System now owns 21,261 shares of the technology company’s stock valued at $537,000 after buying an additional 1,197 shares during the last quarter.

Shares of Universal Electronics stock opened at $41.48 on Monday. Universal Electronics Inc has a 1 year low of $23.29 and a 1 year high of $47.65. The firm has a market cap of $574.89 million, a price-to-earnings ratio of 48.80, a price-to-earnings-growth ratio of 2.11 and a beta of 1.58. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.35 and a quick ratio of 0.83.

Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.09. Universal Electronics had a return on equity of 4.27% and a net margin of 1.64%. The business had revenue of $184.16 million during the quarter, compared to the consensus estimate of $180.69 million. On average, sell-side analysts forecast that Universal Electronics Inc will post 1.31 EPS for the current fiscal year.

UEIC has been the subject of several recent analyst reports. ValuEngine downgraded Universal Electronics from a “sell” rating to a “strong sell” rating in a report on Wednesday, February 13th. BidaskClub raised Universal Electronics from a “sell” rating to a “hold” rating in a report on Saturday, February 23rd. Zacks Investment Research raised Universal Electronics from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Saturday, February 23rd. Sidoti set a $49.00 price target on Universal Electronics and gave the company a “buy” rating in a report on Friday, February 22nd. Finally, B. Riley set a $42.00 price target on Universal Electronics and gave the company a “buy” rating in a report on Friday, February 22nd. Five equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of $50.33.

In other Universal Electronics news, SVP Richard A. Firehammer, Jr. sold 1,011 shares of the stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $33.61, for a total transaction of $33,979.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David Cheung Hyen Chong sold 2,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $31.88, for a total value of $63,760.00. The disclosure for this sale can be found here. Insiders have sold a total of 5,516 shares of company stock valued at $207,928 in the last ninety days. Insiders own 7.09% of the company’s stock.

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

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