Universal Electronics CEO Paul D. Arling Sells 30,000 Shares (UEIC)
Universal Electronics (NASDAQ:UEIC) CEO Paul D. Arling sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $40.91, for a total transaction of $1,227,300.00. Following the completion of the sale, the chief executive officer now directly owns 139,587 shares in the company, valued at approximately $5,710,504. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on UEIC shares. Analysts at Zacks upgraded shares of Universal Electronics from a “neutral” rating to an “outperform” rating in a research note on Tuesday, December 31st. They now have a $40.60 price target on the stock. Analysts at Piper Jaffray initiated coverage on shares of Universal Electronics in a research note on Monday, December 9th. They set an “overweight” rating and a $43.00 price target on the stock. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Universal Electronics presently has an average rating of “Buy” and a consensus price target of $39.15.
Universal Electronics (NASDAQ:UEIC) traded up 6.63% during mid-day trading on Monday, hitting $42.78. 170,665 shares of the company’s stock traded hands. Universal Electronics has a 52-week low of $18.19 and a 52-week high of $43.25. The stock has a 50-day moving average of $36.54 and a 200-day moving average of $35.78. The company has a market cap of $671.8 million and a price-to-earnings ratio of 27.29.
Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $136.10 million for the quarter, compared to the consensus estimate of $129.89 million. On average, analysts predict that Universal Electronics will post $2.27 earnings per share for the current fiscal year.
Universal Electronics Inc develops and manufactures a line of pre-programmed universal wireless remote control products, audio-video accessories, and software that are marketed for home entertainment systems.
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