Peregrine Capital Management LLC Grows Stock Holdings in Universal Electronics Inc (NASDAQ:UEIC)

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Peregrine Capital Management LLC lifted its stake in Universal Electronics Inc (NASDAQ:UEIC) by 1.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 128,606 shares of the technology company’s stock after acquiring an additional 1,820 shares during the period. Peregrine Capital Management LLC’s holdings in Universal Electronics were worth $6,021,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. FDx Advisors Inc. acquired a new stake in shares of Universal Electronics during the 1st quarter worth approximately $35,000. First Quadrant L P CA grew its stake in Universal Electronics by 68.3% in the 1st quarter. First Quadrant L P CA now owns 1,318 shares of the technology company’s stock valued at $51,000 after acquiring an additional 535 shares during the period. C M Bidwell & Associates Ltd. grew its stake in Universal Electronics by 46.4% in the 1st quarter. C M Bidwell & Associates Ltd. now owns 2,115 shares of the technology company’s stock valued at $81,000 after acquiring an additional 670 shares during the period. Pacer Advisors Inc. acquired a new stake in Universal Electronics in the 1st quarter valued at $86,000. Finally, Victory Capital Management Inc. grew its stake in Universal Electronics by 16.8% in the 4th quarter. Victory Capital Management Inc. now owns 2,506 shares of the technology company’s stock valued at $131,000 after acquiring an additional 360 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.

Shares of UEIC stock opened at $46.07 on Friday. The stock’s fifty day moving average is $46.36 and its two-hundred day moving average is $43.73. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.87 and a current ratio of 1.45. The firm has a market capitalization of $640.97 million, a P/E ratio of 63.99, a PEG ratio of 1.25 and a beta of 1.21. Universal Electronics Inc has a fifty-two week low of $29.50 and a fifty-two week high of $60.00.

Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.02). Universal Electronics had a net margin of 1.45% and a return on equity of 3.93%. The firm had revenue of $151.78 million during the quarter, compared to analysts’ expectations of $165.19 million. On average, equities analysts forecast that Universal Electronics Inc will post 2.45 earnings per share for the current year.

A number of research firms recently issued reports on UEIC. B. Riley dropped their price target on shares of Universal Electronics from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. BidaskClub upgraded Universal Electronics from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Finally, Zacks Investment Research lowered Universal Electronics from a “hold” rating to a “sell” rating in a report on Wednesday, June 10th.

Universal Electronics Company Profile

Universal Electronics Inc develops and manufactures pre-programmed and universal control products, audio-video (AV) accessories, software and intelligent wireless security products, and sensing and automation components for home entertainment and automation systems. The company offers universal infrared and radio frequency (RF) remote controls; integrated circuits on which its software and universal device control database is embedded; and software, firmware, and technology solutions that enable devices, including televisions, set-top boxes, audio systems, smartphones, tablets, game controllers, and other consumer electronic devices to wirelessly connect and interact with home networks, as well as interactive services to control and deliver digital entertainment and information.

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Institutional Ownership by Quarter for Universal Electronics (NASDAQ:UEIC)

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