Victory Capital Management Inc. Boosts Holdings in Universal Electronics Inc. (NASDAQ:UEIC)

Victory Capital Management Inc. boosted its position in Universal Electronics Inc. (NASDAQ:UEIC) by 4.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,703 shares of the technology company’s stock after buying an additional 2,203 shares during the period. Victory Capital Management Inc. owned approximately 0.41% of Universal Electronics worth $496,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Universal Electronics by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 555,163 shares of the technology company’s stock valued at $5,557,000 after buying an additional 7,994 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Universal Electronics by 9.1% during the 2nd quarter. Acadian Asset Management LLC now owns 499,940 shares of the technology company’s stock worth $5,804,000 after purchasing an additional 41,795 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Universal Electronics by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 392,822 shares of the technology company’s stock worth $4,565,000 after purchasing an additional 13,495 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Universal Electronics by 24.8% during the 2nd quarter. American Century Companies Inc. now owns 165,845 shares of the technology company’s stock worth $1,927,000 after purchasing an additional 32,911 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Universal Electronics by 18.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 140,077 shares of the technology company’s stock worth $1,628,000 after purchasing an additional 21,337 shares in the last quarter. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Universal Electronics

In related news, Director Edward K. Zinser sold 2,500 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $10.68, for a total value of $26,700.00. Following the completion of the transaction, the director now owns 38,062 shares of the company’s stock, valued at approximately $406,502.16. The trade was a 6.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.37% of the stock is currently owned by corporate insiders.

Universal Electronics Trading Up 1.2 %

Shares of UEIC stock opened at $11.58 on Friday. The firm has a 50-day moving average price of $9.27 and a 200 day moving average price of $10.24. Universal Electronics Inc. has a twelve month low of $7.17 and a twelve month high of $14.20. The company has a market capitalization of $150.86 million, a price-to-earnings ratio of -5.65 and a beta of 1.13.

Wall Street Analysts Forecast Growth

UEIC has been the topic of several research analyst reports. Rosenblatt Securities upgraded shares of Universal Electronics from a “neutral” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Friday, November 8th. B. Riley raised Universal Electronics from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $11.00 to $14.00 in a research note on Monday, November 11th. Finally, StockNews.com raised Universal Electronics from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th.

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.