Universal Electronics Inc. (NASDAQ:UEIC) Director Gregory Stapleton sold 10,000 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $60.31, for a total value of $603,100.00. Following the completion of the sale, the director now owns 35,726 shares of the company’s stock, valued at approximately $2,154,635.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Universal Electronics Inc. (NASDAQ:UEIC) traded up 0.17% during trading on Monday, hitting $60.70. 15,544 shares of the stock were exchanged. Universal Electronics Inc. has a 12-month low of $52.90 and a 12-month high of $77.97. The firm has a market capitalization of $874.14 million, a PE ratio of 56.15 and a beta of 1.64. The stock has a 50 day moving average price of $59.51 and a 200-day moving average price of $65.04.
Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. The business had revenue of $177.58 million for the quarter, compared to analysts’ expectations of $176.12 million. Universal Electronics had a net margin of 2.37% and a return on equity of 11.97%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 EPS. On average, equities research analysts anticipate that Universal Electronics Inc. will post $3.14 earnings per share for the current fiscal year.
UEIC has been the subject of a number of research analyst reports. B. Riley restated a “buy” rating and issued a $77.25 target price on shares of Universal Electronics in a report on Thursday, August 10th. BidaskClub upgraded Universal Electronics from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded Universal Electronics from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, ValuEngine upgraded Universal Electronics from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Universal Electronics currently has an average rating of “Hold” and a consensus target price of $74.06.
A number of institutional investors and hedge funds have recently bought and sold shares of UEIC. Victory Capital Management Inc. lifted its position in Universal Electronics by 23.8% in the 1st quarter. Victory Capital Management Inc. now owns 1,667 shares of the technology company’s stock valued at $114,000 after acquiring an additional 321 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Universal Electronics by 79.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,858 shares of the technology company’s stock valued at $191,000 after acquiring an additional 1,268 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in Universal Electronics in the 2nd quarter valued at $209,000. Mason Street Advisors LLC lifted its position in Universal Electronics by 6.3% in the 1st quarter. Mason Street Advisors LLC now owns 3,384 shares of the technology company’s stock valued at $232,000 after acquiring an additional 200 shares in the last quarter. Finally, Invictus RG bought a new stake in Universal Electronics in the 1st quarter valued at $236,000. 95.49% of the stock is currently owned by institutional investors and hedge funds.
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.
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