Goldman Sachs Group Inc. Acquires 4,893 Shares of Universal Electronics Inc. $UEIC

Goldman Sachs Group Inc. grew its position in Universal Electronics Inc. (NASDAQ:UEIC) by 15.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,341 shares of the technology company’s stock after purchasing an additional 4,893 shares during the period. Goldman Sachs Group Inc. owned about 0.28% of Universal Electronics worth $222,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Wellington Shields & Co. LLC acquired a new stake in Universal Electronics in the first quarter worth about $45,000. Jump Financial LLC bought a new position in shares of Universal Electronics during the 1st quarter valued at about $68,000. Hsbc Holdings PLC acquired a new position in shares of Universal Electronics in the first quarter valued at approximately $118,000. Cubist Systematic Strategies LLC increased its holdings in Universal Electronics by 62.7% during the 1st quarter. Cubist Systematic Strategies LLC now owns 32,502 shares of the technology company’s stock worth $199,000 after purchasing an additional 12,526 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Universal Electronics by 8.4% during the first quarter. Empowered Funds LLC now owns 48,816 shares of the technology company’s stock worth $299,000 after buying an additional 3,802 shares in the last quarter. 79.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities lowered Universal Electronics from a “buy” rating to a “neutral” rating and set a $8.00 target price on the stock. in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.00.

Universal Electronics Price Performance

Shares of UEIC opened at $5.04 on Monday. Universal Electronics Inc. has a one year low of $4.25 and a one year high of $12.50. The company has a market cap of $67.23 million, a P/E ratio of -4.03 and a beta of 1.62. The firm has a 50 day simple moving average of $5.20 and a two-hundred day simple moving average of $5.88.

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.