Universal Electronics Inc. (NASDAQ:UEIC) Director Edward K. Zinser Sells 2,500 Shares of Stock

Universal Electronics Inc. (NASDAQ:UEIC) Director Edward K. Zinser sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $10.68, for a total value of $26,700.00. Following the sale, the director now 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 SEC, which is accessible through this link.

Universal Electronics Price Performance

UEIC opened at $10.53 on Thursday. Universal Electronics Inc. has a 12 month low of $7.17 and a 12 month high of $14.20. The stock has a market cap of $137.21 million, a P/E ratio of -5.14 and a beta of 1.13. The stock’s 50 day moving average price is $8.70 and its 200 day moving average price is $10.28.

Analyst Upgrades and Downgrades

UEIC has been the topic of a number of research reports. StockNews.com upgraded Universal Electronics from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. B. Riley upgraded Universal Electronics from a “neutral” rating to a “buy” rating and increased their price target for the stock from $11.00 to $14.00 in a research report on Monday. Finally, Rosenblatt Securities upgraded Universal Electronics from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Friday, November 8th.

Institutional Trading of Universal Electronics

Several large investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. increased its position 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 valued at $609,000 after acquiring an additional 8,706 shares during the period. Empowered Funds LLC increased its position in Universal Electronics by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 42,980 shares of the technology company’s stock valued at $397,000 after acquiring an additional 2,144 shares during the period. Victory Capital Management Inc. increased its position in Universal Electronics by 4.3% in the 3rd quarter. Victory Capital Management Inc. now owns 53,703 shares of the technology company’s stock valued at $496,000 after acquiring an additional 2,203 shares during the period. Sei Investments Co. bought a new position in Universal Electronics during the 2nd quarter valued at $212,000. Finally, Dimensional Fund Advisors LP boosted its stake in Universal Electronics by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 392,822 shares of the technology company’s stock valued at $4,565,000 after purchasing an additional 13,495 shares in the last quarter. 79.35% of the stock is currently owned by institutional investors and hedge funds.

About Universal Electronics

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.