Universal Electronics Inc (UEIC) : Eagle Asset Management Inc reduced its stake in Universal Electronics Inc by 2.76% during the most recent quarter end. The investment management company now holds a total of 2,663,496 shares of Universal Electronics Inc which is valued at $193,210,000 after selling 75,667 shares in Universal Electronics Inc , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Universal Electronics Inc makes up approximately 1.28% of Eagle Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in UEIC in the latest quarter, The investment management firm added 210 additional shares and now holds a total of 4,643 shares of Universal Electronics Inc which is valued at $341,678. Universal Electronics Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Creative Planning sold out all of its stake in UEIC during the most recent quarter. The investment firm sold 65 shares of UEIC which is valued $4,783.Bnp Paribas Arbitrage Sa boosted its stake in UEIC in the latest quarter, The investment management firm added 2,463 additional shares and now holds a total of 5,178 shares of Universal Electronics Inc which is valued at $380,997.
Universal Electronics Inc (UEIC) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $72.85 and reached the intraday high at $73.03. The bulls started the profit booking and pushed the shares to intraday low of $72.34. The trading session was marked by a volume range of 67,829 shares exchanging hands. The 52-week high of the shares is $76.15 and the 52-week low is $40.2801. The market cap of the company stands at $1,047 M and there are 1,44,32,424 shares in public circulation.
On the company’s financial health, Universal Electronics Inc reported $0.50 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.54. The company had revenue of $151.50 million for the quarter, compared to analysts expectations of $156.85 million. The company’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
Many Wall Street Analysts have commented on Universal Electronics Inc. Company shares were Reiterated by Dougherty & Company on Jul 15, 2016 to “Buy”, Firm has raised the Price Target to $ 86 from a previous price target of $70 .
Universal Electronics Inc. (UEI) develops control technology solutions and manufactures a line of pre-programmed universal remote control products embedded hardware and software and audio-video (AV) accessories for home entertainment systems. The Company’s offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls; audio-video (AV) accessories; integrated circuits on which its software and universal device control database is embedded; software firmware and technology solutions that can enable devices such as TVs set-top boxes stereos smart phones tablets gaming controllers and other consumer electronic devices to wirelessly connect and interact with home networks and interactive services and intellectual property which the Company licenses to OEMs software development companies private label customers and subscription broadcasting providers.