Edward K. Zinser Sells 2,500 Shares of Universal Electronics Inc. (NASDAQ:UEIC) Stock

Universal Electronics Inc. (NASDAQ:UEIC) Director Edward K. Zinser sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was 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 in the company, valued at approximately $406,502.16. The trade was a 6.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Universal Electronics Price Performance

NASDAQ UEIC opened at $10.71 on Friday. The business has a fifty day simple moving average of $8.73 and a 200 day simple moving average of $10.29. Universal Electronics Inc. has a 12 month low of $7.17 and a 12 month high of $14.20.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on UEIC shares. B. Riley raised Universal Electronics from a “neutral” rating to a “buy” rating and upped their target price for the stock from $11.00 to $14.00 in a research report on Monday. StockNews.com upgraded shares of Universal Electronics from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Finally, Rosenblatt Securities raised shares of Universal Electronics from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Friday, November 8th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Empowered Funds LLC increased its stake in Universal Electronics by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 42,980 shares of the technology company’s stock valued at $397,000 after buying an additional 2,144 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Universal Electronics by 4.3% during the 3rd quarter. Victory Capital Management Inc. now owns 53,703 shares of the technology company’s stock worth $496,000 after purchasing an additional 2,203 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Universal Electronics by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 555,163 shares of the technology company’s stock worth $5,557,000 after buying an additional 7,994 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Universal Electronics by 15.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,979 shares of the technology company’s stock valued at $609,000 after buying an additional 8,706 shares during the period. Finally, First Eagle Investment Management LLC increased its holdings in Universal Electronics by 5.1% during the first quarter. First Eagle Investment Management LLC now owns 206,175 shares of the technology company’s stock worth $2,064,000 after buying an additional 10,096 shares during the last quarter. 79.35% of the stock is owned by institutional investors.

About Universal Electronics

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.