Insider Selling: Universal Electronics SVP Unloads 25,350 Shares of Stock (UEIC)
Universal Electronics (NASDAQ:UEIC) SVP Richard A. Firehammer, Jr. sold 25,350 shares of Universal Electronics stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $55.42, for a total transaction of $1,404,897.00. Following the completion of the sale, the senior vice president now directly owns 1,938 shares of the company’s stock, valued at approximately $107,404. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $49.58.
Shares of Universal Electronics (NASDAQ:UEIC) traded up 1.83% on Thursday, hitting $55.20. The stock had a trading volume of 245,528 shares. Universal Electronics has a 52-week low of $30.28 and a 52-week high of $55.99. The stock has a 50-day moving average of $51.54 and a 200-day moving average of $44.37. The company has a market cap of $866.6 million and a price-to-earnings ratio of 32.21.
Universal Electronics (NASDAQ:UEIC) last released its earnings data on Thursday, August 7th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue 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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