Insider Selling: Universal Electronics Inc (UEIC) Insider Sells 1,523 Shares of Stock

Universal Electronics Inc (NASDAQ:UEIC) insider David Cheung Hyen Chong sold 1,523 shares of the stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $35.00, for a total transaction of $53,305.00. Following the transaction, the insider now directly owns 25,836 shares of the company’s stock, valued at approximately $904,260. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

David Cheung Hyen Chong also recently made the following trade(s):

  • On Friday, November 30th, David Cheung Hyen Chong sold 3,477 shares of Universal Electronics stock. The shares were sold at an average price of $35.00, for a total transaction of $121,695.00.

Shares of NASDAQ:UEIC traded down $0.75 during trading on Thursday, reaching $31.75. The company’s stock had a trading volume of 4,308 shares, compared to its average volume of 101,544. The company has a current ratio of 1.37, a quick ratio of 0.87 and a debt-to-equity ratio of 0.04. Universal Electronics Inc has a 12 month low of $26.97 and a 12 month high of $55.90. The company has a market cap of $448.68 million, a price-to-earnings ratio of 11.30 and a beta of 1.36.

Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings results on Thursday, November 8th. The technology company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.33. Universal Electronics had a net margin of 0.89% and a return on equity of 11.88%. The firm had revenue of $182.72 million during the quarter, compared to the consensus estimate of $184.11 million. As a group, equities analysts forecast that Universal Electronics Inc will post -0.35 EPS for the current year.

Several large investors have recently made changes to their positions in UEIC. Engaged Capital LLC bought a new position in shares of Universal Electronics in the 2nd quarter valued at about $8,318,000. Investment Counselors of Maryland LLC lifted its holdings in shares of 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 valued at $14,315,000 after acquiring an additional 205,222 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Universal Electronics by 8.0% in the 2nd quarter. BlackRock Inc. now owns 1,959,067 shares of the technology company’s stock valued at $64,749,000 after acquiring an additional 144,305 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Universal Electronics by 19.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 843,283 shares of the technology company’s stock valued at $27,871,000 after acquiring an additional 135,359 shares during the last quarter. Finally, William Blair Investment Management LLC raised its position 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 purchasing an additional 128,384 shares during the period.

Several research analysts have commented on UEIC shares. BidaskClub downgraded shares of Universal Electronics from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. B. Riley raised shares of Universal Electronics from a “neutral” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Friday, November 9th. Zacks Investment Research downgraded shares of Universal Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, November 7th. Finally, Sidoti raised shares of Universal Electronics from a “neutral” rating to a “buy” rating in a report on Wednesday, November 14th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $43.00.

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About Universal Electronics

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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