Universal Electronics Inc (NASDAQ:UEIC) Director Sells $569,250.00 in Stock

Universal Electronics Inc (NASDAQ:UEIC) Director Carl E. Vogel sold 12,500 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $45.54, for a total value of $569,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of UEIC stock traded down $2.12 during trading hours on Friday, hitting $42.92. 90,686 shares of the company were exchanged, compared to its average volume of 124,061. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.83 and a current ratio of 1.34. Universal Electronics Inc has a one year low of $23.29 and a one year high of $48.86. The business’s 50-day simple moving average is $42.63 and its two-hundred day simple moving average is $38.40. The stock has a market capitalization of $632.61 million, a price-to-earnings ratio of 50.53, a P/E/G ratio of 4.54 and a beta of 1.34.

Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.72 by $0.11. Universal Electronics had a negative net margin of 2.22% and a negative return on equity of 6.11%. The business had revenue of $193.90 million for the quarter, compared to analysts’ expectations of $178.11 million. As a group, analysts anticipate that Universal Electronics Inc will post 0.67 EPS for the current fiscal year.

Several analysts recently issued reports on UEIC shares. Sidoti upgraded Universal Electronics from a “neutral” rating to a “buy” rating and increased their price target for the company from $41.00 to $48.00 in a report on Monday, June 10th. ValuEngine downgraded Universal Electronics from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 6th. B. Riley set a $53.00 price target on Universal Electronics and gave the company a “buy” rating in a report on Friday, May 3rd. Zacks Investment Research cut shares of Universal Electronics from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Finally, BidaskClub raised shares of Universal Electronics from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $50.00.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in shares of Universal Electronics by 9.4% in the second quarter. Royal Bank of Canada now owns 589,077 shares of the technology company’s stock worth $24,164,000 after acquiring an additional 50,380 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in Universal Electronics in the second quarter valued at approximately $3,949,000. Citadel Advisors LLC increased its stake in Universal Electronics by 16.8% in the second quarter. Citadel Advisors LLC now owns 134,357 shares of the technology company’s stock valued at $5,511,000 after purchasing an additional 19,360 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Universal Electronics by 12.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 89,920 shares of the technology company’s stock valued at $3,689,000 after buying an additional 10,001 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Universal Electronics in the second quarter valued at approximately $567,000.

Universal Electronics Company Profile

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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