Universal Electronics Inc. (NASDAQ:UEIC) Director Sells $26,700.00 in Stock

Universal Electronics Inc. (NASDAQ:UEIC) Director Edward K. Zinser sold 2,500 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $10.68, for a total transaction of $26,700.00. Following the completion of the transaction, the director now directly owns 38,062 shares in the company, valued at $406,502.16. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Universal Electronics Trading Up 1.0 %

Shares of Universal Electronics stock traded up $0.11 during trading hours on Wednesday, hitting $10.79. 32,213 shares of the company’s stock traded hands, compared to its average volume of 63,644. The company has a fifty day simple moving average of $8.67 and a 200-day simple moving average of $10.28. Universal Electronics Inc. has a 12-month low of $7.17 and a 12-month high of $14.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UEIC. Bank of New York Mellon Corp bought a new stake in shares of Universal Electronics during the 2nd quarter valued at $122,000. Sei Investments Co. bought a new stake in Universal Electronics in the 2nd quarter worth $212,000. Empowered Funds LLC raised its stake in shares of Universal Electronics by 8.0% during the first quarter. Empowered Funds LLC now owns 37,956 shares of the technology company’s stock valued at $380,000 after acquiring an additional 2,800 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Universal Electronics by 4.3% in the third quarter. Victory Capital Management Inc. now owns 53,703 shares of the technology company’s stock worth $496,000 after purchasing an additional 2,203 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Universal Electronics by 15.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,979 shares of the technology company’s stock worth $609,000 after buying an additional 8,706 shares during the period. Institutional investors own 79.35% of the company’s stock.

Analyst Upgrades and Downgrades

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

Universal Electronics Company Profile

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.