Universal Electronics Inc. (NASDAQ:UEIC) COO Louis Sylvester Hughes sold 925 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $53.58, for a total value of $49,561.50. Following the completion of the transaction, the chief operating officer now directly owns 1,502 shares in the company, valued at $80,477.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Universal Electronics Inc. (UEIC) traded down $0.55 during trading hours on Monday, reaching $51.20. The company’s stock had a trading volume of 58,484 shares, compared to its average volume of 67,050. The company has a quick ratio of 0.80, a current ratio of 1.34 and a debt-to-equity ratio of 0.05. Universal Electronics Inc. has a one year low of $48.50 and a one year high of $74.85. The stock has a market capitalization of $740.32, a price-to-earnings ratio of 23.96, a PEG ratio of 1.64 and a beta of 1.52.
Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.04). Universal Electronics had a net margin of 1.45% and a return on equity of 11.27%. The company had revenue of $175.51 million during the quarter, compared to analysts’ expectations of $182.53 million. During the same period last year, the business earned $0.93 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. research analysts predict that Universal Electronics Inc. will post 2.11 EPS for the current fiscal year.
Several brokerages recently weighed in on UEIC. Zacks Investment Research lowered Universal Electronics from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 9th. Piper Jaffray Companies cut their target price on Universal Electronics to $70.00 and set an “overweight” rating on the stock in a research report on Friday, November 3rd. B. Riley set a $77.00 target price on Universal Electronics and gave the stock a “buy” rating in a research report on Tuesday, October 31st. ValuEngine raised Universal Electronics from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, BidaskClub lowered Universal Electronics from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $72.75.
Large investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its position in Universal Electronics by 17.7% in the second quarter. Victory Capital Management Inc. now owns 1,962 shares of the technology company’s stock valued at $131,000 after purchasing an additional 295 shares during the period. State of Alaska Department of Revenue raised its position in Universal Electronics by 79.7% in the second quarter. State of Alaska Department of Revenue now owns 2,858 shares of the technology company’s stock valued at $191,000 after purchasing an additional 1,268 shares during the period. Piedmont Investment Advisors LLC purchased a new position in Universal Electronics in the second quarter valued at about $209,000. PNC Financial Services Group Inc. raised its position in Universal Electronics by 1.8% in the second quarter. PNC Financial Services Group Inc. now owns 4,144 shares of the technology company’s stock valued at $278,000 after purchasing an additional 75 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new position in Universal Electronics in the third quarter valued at about $291,000. 96.69% of the stock is currently owned by institutional investors.
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About Universal Electronics
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.
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