TIAA CREF Investment Management LLC decreased its stake in Universal Electronics Inc (NASDAQ:UEIC) by 10.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,963 shares of the technology company’s stock after selling 3,346 shares during the quarter. TIAA CREF Investment Management LLC owned 0.20% of Universal Electronics worth $1,100,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Investment Counselors of Maryland LLC lifted its stake in Universal Electronics by 129.4% in the 3rd quarter. Investment Counselors of Maryland LLC now owns 363,790 shares of the technology company’s stock worth $14,315,000 after acquiring an additional 205,222 shares in the last quarter. William Blair Investment Management LLC lifted its stake in Universal Electronics by 7.3% in the 3rd quarter. William Blair Investment Management LLC now owns 1,887,302 shares of the technology company’s stock worth $74,265,000 after acquiring an additional 128,384 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Universal Electronics by 31.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 226,248 shares of the technology company’s stock worth $8,903,000 after acquiring an additional 53,758 shares in the last quarter. BlackRock Inc. lifted its stake in Universal Electronics by 2.5% in the 3rd quarter. BlackRock Inc. now owns 2,008,120 shares of the technology company’s stock worth $79,019,000 after acquiring an additional 49,053 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in Universal Electronics in the 2nd quarter worth about $1,452,000.

In other news, insider David Cheung Hyen Chong sold 1,523 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $35.00, for a total transaction of $53,305.00. Following the completion of the sale, the insider now directly owns 25,836 shares of the company’s stock, valued at approximately $904,260. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.97% of the stock is owned by company insiders.

Shares of UEIC traded up $0.04 during midday trading on Monday, reaching $27.30. 262 shares of the stock were exchanged, compared to its average volume of 67,506. Universal Electronics Inc has a 12-month low of $23.29 and a 12-month high of $55.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.37 and a quick ratio of 0.87. The company has a market capitalization of $376.34 million, a PE ratio of 9.72, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60.

Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings results on Thursday, November 8th. The technology company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.33. Universal Electronics had a return on equity of 11.88% and a net margin of 0.89%. The company had revenue of $182.72 million during the quarter, compared to the consensus estimate of $184.11 million. On average, equities research analysts expect that Universal Electronics Inc will post -0.34 earnings per share for the current fiscal year.

UEIC has been the subject of several research analyst reports. BidaskClub downgraded Universal Electronics from a “hold” rating to a “sell” rating in a research note on Tuesday, January 22nd. ValuEngine downgraded Universal Electronics from a “hold” rating to a “sell” rating in a research note on Monday, December 17th. Zacks Investment Research raised Universal Electronics from a “strong sell” rating to a “hold” rating in a research note on Friday, January 11th. Sidoti raised Universal Electronics from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 14th. Finally, B. Riley raised Universal Electronics from a “neutral” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Friday, November 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Universal Electronics presently has an average rating of “Hold” and a consensus price target of $43.00.

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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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