Universal Electronics Inc (NASDAQ:UEIC) Insider Sells $82,100.00 in Stock

Universal Electronics Inc (NASDAQ:UEIC) insider David Cheung Hyen Chong sold 2,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $41.05, for a total transaction of $82,100.00. Following the completion of the transaction, the insider now directly owns 13,719 shares of the company’s stock, valued at $563,164.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of UEIC stock traded down $1.24 on Tuesday, reaching $40.43. The stock had a trading volume of 92,798 shares, compared to its average volume of 135,976. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.83 and a current ratio of 1.35. The stock has a market cap of $507.53 million, a price-to-earnings ratio of 47.56, a PEG ratio of 1.86 and a beta of 1.38. Universal Electronics Inc has a 12 month low of $23.29 and a 12 month high of $47.65.

Universal Electronics (NASDAQ:UEIC) last issued its earnings results on Thursday, May 2nd. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.09. The company had revenue of $184.16 million for the quarter, compared to analysts’ expectations of $180.69 million. Universal Electronics had a net margin of 1.64% and a return on equity of 4.27%. Sell-side analysts predict that Universal Electronics Inc will post 1.31 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of UEIC. Metropolitan Life Insurance Co. NY raised its holdings in Universal Electronics by 363.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,561 shares of the technology company’s stock valued at $115,000 after acquiring an additional 3,577 shares during the period. GSA Capital Partners LLP bought a new position in shares of Universal Electronics during the fourth quarter worth approximately $476,000. Oregon Public Employees Retirement Fund bought a new position in shares of Universal Electronics during the fourth quarter worth approximately $133,000. SG Capital Management LLC bought a new position in shares of Universal Electronics during the first quarter worth approximately $4,988,000. Finally, Geode Capital Management LLC increased its holdings in shares of Universal Electronics by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 158,374 shares of the technology company’s stock worth $4,003,000 after purchasing an additional 6,401 shares during the period.

A number of equities analysts have recently commented on the stock. BidaskClub upgraded shares of Universal Electronics from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Sidoti downgraded shares of Universal Electronics from a “buy” rating to a “neutral” rating in a research note on Monday, June 3rd. Zacks Investment Research upgraded shares of Universal Electronics from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Saturday, February 23rd. B. Riley set a $42.00 target price on shares of Universal Electronics and gave the company a “buy” rating in a report on Friday, February 22nd. Finally, ValuEngine raised shares of Universal Electronics from a “hold” rating to a “buy” rating in a report on Saturday, May 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $50.00.

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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.

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

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