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Universal Electronics (NASDAQ:UEIC) CEO Paul D. Arling sold 16,076 shares of the company’s stock on the open market in a transaction dated Thursday, June 12th. The shares were sold at an average price of $45.02, for a total transaction of $723,741.52. Following the completion of the sale, the chief executive officer now directly owns 142,616 shares of the company’s stock, valued at approximately $6,420,572. The sale was disclosed in a document filed with the SEC, which is available at this link.

A number of analysts have recently weighed in on UEIC shares. Analysts at B. Riley downgraded shares of Universal Electronics from a “buy” rating to a “neutral” rating in a research note on Monday, June 2nd. They now have a $45.75 price target on the stock, down previously from $47.00. Separately, analysts at Sidoti initiated coverage on shares of Universal Electronics in a research note on Thursday, May 29th. They set a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Universal Electronics from a “neutral” rating to an “outperform” rating in a research note on Monday, April 14th. They now have a $44.80 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Universal Electronics currently has a consensus rating of “Buy” and a consensus target price of $41.31.

Universal Electronics (NASDAQ:UEIC) traded down 1.45% during mid-day trading on Friday, hitting $44.30. The stock had a trading volume of 71,806 shares. Universal Electronics has a 1-year low of $25.83 and a 1-year high of $46.82. The stock has a 50-day moving average of $41.29 and a 200-day moving average of $38.84. The company has a market cap of $704.9 million and a P/E ratio of 29.36.

Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.05. The company had revenue of $129.80 million for the quarter, compared to the consensus estimate of $123.21 million. During the same quarter last year, the company posted $0.26 earnings per share. Universal Electronics’s revenue was up 13.2% compared to the same quarter last year. Analysts expect that Universal Electronics will post $2.35 EPS 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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