Insider Selling: Universal Electronics Inc (UEIC) Insider Sells 1,000 Shares of Stock

Universal Electronics Inc (NASDAQ:UEIC) insider Menno Koopmans sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $30.30, for a total transaction of $30,300.00. Following the transaction, the insider now owns 1,633 shares of the company’s stock, valued at approximately $49,479.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Universal Electronics stock traded down $0.30 during mid-day trading on Friday, hitting $30.20. 1,360 shares of the stock were exchanged, compared to its average volume of 122,774. The firm has a market cap of $426.60 million, a price-to-earnings ratio of 10.85, a PEG ratio of 4.38 and a beta of 1.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.80 and a current ratio of 1.24. Universal Electronics Inc has a 12 month low of $26.97 and a 12 month high of $72.50.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings data on Thursday, May 3rd. The technology company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.02). The company had revenue of $164.70 million during the quarter, compared to the consensus estimate of $172.68 million. Universal Electronics had a negative net margin of 1.58% and a positive return on equity of 9.08%. equities research analysts predict that Universal Electronics Inc will post 0.46 EPS for the current fiscal year.

Several research analysts have issued reports on UEIC shares. Zacks Investment Research upgraded shares of Universal Electronics from a “strong sell” rating to a “hold” rating in a report on Thursday, April 19th. B. Riley restated a “buy” rating and set a $73.00 price target on shares of Universal Electronics in a report on Tuesday, February 20th. Piper Jaffray Companies lowered shares of Universal Electronics from an “overweight” rating to a “neutral” rating in a report on Friday, May 4th. BidaskClub upgraded shares of Universal Electronics from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 20th. Finally, TheStreet lowered shares of Universal Electronics from a “c-” rating to a “d+” rating in a report on Monday, June 4th. Three analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Universal Electronics currently has a consensus rating of “Sell” and an average price target of $63.00.

Several large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in shares of Universal Electronics by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 109,653 shares of the technology company’s stock valued at $5,707,000 after acquiring an additional 2,599 shares in the last quarter. RMB Capital Management LLC increased its stake in shares of Universal Electronics by 13.9% in the 1st quarter. RMB Capital Management LLC now owns 81,754 shares of the technology company’s stock valued at $4,255,000 after acquiring an additional 9,972 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of Universal Electronics by 28.9% in the 1st quarter. Citadel Advisors LLC now owns 36,777 shares of the technology company’s stock valued at $1,914,000 after acquiring an additional 8,243 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Universal Electronics by 9.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 707,924 shares of the technology company’s stock valued at $36,847,000 after acquiring an additional 61,868 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Universal Electronics by 344.8% in the 1st quarter. JPMorgan Chase & Co. now owns 22,288 shares of the technology company’s stock valued at $1,160,000 after acquiring an additional 17,277 shares in the last quarter. Institutional investors own 95.99% of the company’s stock.

About Universal Electronics

Universal Electronics Inc develops and manufactures pre-programmed and universal control products, audio-video (AV) accessories, software and intelligent wireless security products, and sensing and automation components for home entertainment and automation systems. The company offers universal infrared and radio frequency (RF) remote controls; integrated circuits on which its software and universal device control database is embedded; and software, firmware, and technology solutions that enable devices, including televisions, set-top boxes, audio systems, smartphones, tablets, game controllers, and other consumer electronic devices to wirelessly connect and interact with home networks, as well as interactive services to control and deliver digital entertainment and information.

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

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