Universal Electronics Inc. (NASDAQ:UEIC) insider David Cheung Hyen Chong sold 11,550 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $50.31, for a total transaction of $581,080.50. Following the completion of the transaction, the insider now owns 31,657 shares in the company, valued at approximately $1,592,663.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Universal Electronics Inc. (NASDAQ:UEIC) traded down $0.35 during midday trading on Wednesday, reaching $50.20. 103,997 shares of the company’s stock were exchanged, compared to its average volume of 67,134. The company has a quick ratio of 0.80, a current ratio of 1.34 and a debt-to-equity ratio of 0.05. The stock has a market cap of $732.45, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 1.62 and a beta of 1.52. Universal Electronics Inc. has a 1-year low of $48.50 and a 1-year high of $74.85.

Universal Electronics (NASDAQ:UEIC) last posted its earnings results on Thursday, November 2nd. The technology company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The business had revenue of $175.51 million for the quarter, compared to analysts’ expectations of $182.53 million. Universal Electronics had a net margin of 1.45% and a return on equity of 11.27%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the business posted $0.93 EPS. equities research analysts expect that Universal Electronics Inc. will post 2.11 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of UEIC. Vanguard Group Inc. increased its position in Universal Electronics by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 723,290 shares of the technology company’s stock valued at $49,546,000 after purchasing an additional 38,395 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Universal Electronics in the 1st quarter worth approximately $2,036,000. Schwab Charles Investment Management Inc. grew its position in shares of Universal Electronics by 5.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 56,670 shares of the technology company’s stock worth $3,882,000 after buying an additional 2,730 shares during the last quarter. State Street Corp grew its position in shares of Universal Electronics by 6.0% in the 1st quarter. State Street Corp now owns 331,463 shares of the technology company’s stock worth $22,708,000 after buying an additional 18,863 shares during the last quarter. Finally, Aperio Group LLC grew its position in shares of Universal Electronics by 4.8% in the 2nd quarter. Aperio Group LLC now owns 4,701 shares of the technology company’s stock worth $314,000 after buying an additional 217 shares during the last quarter. 96.69% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have weighed in on UEIC. Zacks Investment Research downgraded shares of Universal Electronics from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 5th. B. Riley set a $77.00 price objective on shares of Universal Electronics and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Piper Jaffray Companies cut their target price on shares of Universal Electronics to $70.00 and set an “overweight” rating for the company in a research note on Friday, November 3rd. ValuEngine raised shares of Universal Electronics from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, BidaskClub cut shares of Universal Electronics from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $72.75.

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Universal Electronics Company Profile

Universal Electronics Inc (UEI) develops control and sensor technology solutions and manufactures a line of pre-programmed and universal remote control products, audio-video (AV) accessories, and intelligent wireless security and automation components. The Company’s offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls that are sold primarily to subscription broadcasting providers, original equipment manufacturers (OEMs), retailers, and private label customers, and integrated circuits, on which its software and universal device control database is embedded, sold primarily to OEMs, subscription broadcasting providers, and private label customers.

Insider Buying and Selling by Quarter for Universal Electronics (NASDAQ:UEIC)

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