Dimensional Fund Advisors LP Boosts Stake in Universal Electronics Inc. (NASDAQ:UEIC)

Dimensional Fund Advisors LP lifted its holdings in shares of Universal Electronics Inc. (NASDAQ:UEIC - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 453,403 shares of the technology company's stock after purchasing an additional 50,003 shares during the quarter. 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.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of Universal Electronics in the fourth quarter valued at approximately $33,000. Jane Street Group LLC acquired a new position in shares of Universal Electronics in the third quarter worth $163,000. JPMorgan Chase & Co. increased its position in shares of Universal Electronics by 34.7% during the third quarter. JPMorgan Chase & Co. now owns 17,823 shares of the technology company's stock worth $165,000 after acquiring an additional 4,591 shares during the period. Barclays PLC raised its stake in shares of Universal Electronics by 33.5% in the third quarter. Barclays PLC now owns 21,943 shares of the technology company's stock valued at $202,000 after acquiring an additional 5,512 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in Universal Electronics by 21.4% in the fourth quarter. Sei Investments Co. now owns 22,144 shares of the technology company's stock valued at $244,000 after purchasing an additional 3,909 shares during the period. 79.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Universal Electronics

In related news, Director Eric Singer bought 24,000 shares of the stock in a transaction dated Tuesday, May 13th. The stock was acquired at an average price of $6.73 per share, for a total transaction of $161,520.00. Following the acquisition, the director now owns 30,403 shares in the company, valued at approximately $204,612.19. This represents a 374.82% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.45% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on UEIC shares. Rosenblatt Securities reaffirmed a "buy" rating and issued a $15.00 price target on shares of Universal Electronics in a research report on Friday, February 21st. StockNews.com cut shares of Universal Electronics from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 1st.

Universal Electronics Trading Down 3.7%

Shares of UEIC stock traded down $0.27 on Friday, reaching $7.04. 66,858 shares of the stock were exchanged, compared to its average volume of 76,043. The company has a market capitalization of $92.72 million, a price-to-earnings ratio of -3.81, a PEG ratio of 3.62 and a beta of 1.44. The business's 50 day moving average price is $5.76 and its 200 day moving average price is $8.63. Universal Electronics Inc. has a twelve month low of $4.32 and a twelve month high of $12.64.

Universal Electronics (NASDAQ:UEIC - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $102.47 million. Equities research analysts forecast that Universal Electronics Inc. will post 0.17 earnings per share for the current year.

Universal Electronics 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.