Insider Selling: Universal Electronics SVP Sells 1,500 Shares of Stock (UEIC)
Universal Electronics (NASDAQ:UEIC) SVP Richard A. Firehammer, Jr. unloaded 1,500 shares of the stock on the open market in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $55.00, for a total transaction of $82,500.00. Following the transaction, the senior vice president now directly owns 1,938 shares of the company’s stock, valued at approximately $106,590. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on UEIC. Analysts at Dougherty & Co raised their price target on shares of Universal Electronics from $47.00 to $60.00 in a research note on Friday, August 8th. They now have a “buy” rating on the stock. Analysts at Avondale Partners upgraded shares of Universal Electronics from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Universal Electronics has an average rating of “Buy” and an average price target of $49.58.
Shares of Universal Electronics (NASDAQ:UEIC) traded down 0.99% on Wednesday, hitting $54.21. 82,925 shares of the company’s stock traded hands. Universal Electronics has a one year low of $30.28 and a one year high of $55.99. The stock’s 50-day moving average is $51.54 and its 200-day moving average is $44.37. The company has a market cap of $851.1 million and a price-to-earnings ratio of 32.53.
Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.05. The company had revenue of $146.32 million for the quarter, compared to the consensus estimate of $145.26 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts expect that Universal Electronics will post $2.48 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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