Dimensional Fund Advisors LP Purchases 50,003 Shares of Universal Electronics Inc. (NASDAQ:UEIC)

Dimensional Fund Advisors LP lifted its position in Universal Electronics Inc. (NASDAQ:UEIC - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 453,403 shares of the technology company's stock after purchasing an additional 50,003 shares during the period. Dimensional Fund Advisors LP owned about 3.48% of Universal Electronics worth $4,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC increased its stake in shares of Universal Electronics by 4.7% in the fourth quarter. Empowered Funds LLC now owns 45,014 shares of the technology company's stock worth $495,000 after purchasing an additional 2,034 shares in the last quarter. Kennedy Capital Management LLC increased its stake in shares of Universal Electronics by 8.7% in the fourth quarter. Kennedy Capital Management LLC now owns 32,593 shares of the technology company's stock worth $359,000 after purchasing an additional 2,606 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Universal Electronics in the fourth quarter worth $33,000. First Eagle Investment Management LLC increased its stake in shares of Universal Electronics by 2.2% in the fourth quarter. First Eagle Investment Management LLC now owns 163,936 shares of the technology company's stock worth $1,803,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of Universal Electronics by 21.4% in the fourth quarter. Sei Investments Co. now owns 22,144 shares of the technology company's stock worth $244,000 after purchasing an additional 3,909 shares in the last quarter. 79.35% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Universal Electronics news, Director Eric Singer acquired 24,000 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was acquired at an average cost of $6.73 per share, with a total value of $161,520.00. Following the purchase, the director now directly owns 30,403 shares of the company's stock, valued at approximately $204,612.19. This represents a 374.82% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 10.45% of the company's stock.

Analysts Set New Price Targets

UEIC has been the subject of several research analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $15.00 target price on shares of Universal Electronics in a research note on Friday, February 21st. StockNews.com cut shares of Universal Electronics from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 1st.

Universal Electronics Trading Down 3.7%

UEIC traded down $0.27 during trading on Friday, hitting $7.04. 66,858 shares of the company traded hands, compared to its average volume of 76,239. The company has a market cap of $92.72 million, a PE ratio of -3.81, a P/E/G ratio of 3.62 and a beta of 1.44. The stock's 50-day simple moving average is $5.76 and its two-hundred day simple moving average is $8.62. Universal Electronics Inc. has a 1 year low of $4.32 and a 1 year high of $12.64.

Universal Electronics (NASDAQ:UEIC - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The technology company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04). Universal Electronics had a negative return on equity of 3.67% and a negative net margin of 6.09%. The business had revenue of $110.45 million during the quarter, compared to analysts' expectations of $102.47 million. Equities analysts expect that Universal Electronics Inc. will post 0.17 EPS for the current year.

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.