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 sale, the insider now owns 1,633 shares in the company, valued at approximately $49,479.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
UEIC traded down $0.45 during trading on Friday, reaching $30.05. 123,116 shares of the company traded hands, compared to its average volume of 111,827. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.24 and a quick ratio of 0.80. Universal Electronics Inc has a 12-month low of $26.97 and a 12-month high of $72.50. The firm has a market cap of $430.83 million, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 4.42 and a beta of 1.11.
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Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings data on Thursday, May 3rd. The technology company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.02). Universal Electronics had a negative net margin of 1.58% and a positive return on equity of 9.08%. The company had revenue of $164.70 million for the quarter, compared to analysts’ expectations of $172.68 million. sell-side analysts anticipate that Universal Electronics Inc will post 0.46 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Universal Electronics by 1.5% during the 1st quarter. BlackRock Inc. now owns 1,814,762 shares of the technology company’s stock valued at $94,458,000 after buying an additional 27,297 shares in the last quarter. William Blair Investment Management LLC grew its holdings in Universal Electronics by 4.9% during the 4th quarter. William Blair Investment Management LLC now owns 1,720,168 shares of the technology company’s stock valued at $81,278,000 after buying an additional 80,642 shares in the last quarter. Carillon Tower Advisers Inc. purchased a new stake in Universal Electronics during the 4th quarter valued at approximately $71,002,000. Dimensional Fund Advisors LP grew its holdings in Universal Electronics by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 707,924 shares of the technology company’s stock valued at $36,847,000 after buying an additional 61,868 shares in the last quarter. Finally, Frontier Capital Management Co. LLC grew its holdings in shares of Universal Electronics by 16.8% in the first quarter. Frontier Capital Management Co. LLC now owns 535,219 shares of the technology company’s stock valued at $27,858,000 after purchasing an additional 77,100 shares in the last quarter. 95.99% of the stock is owned by institutional investors and hedge funds.
UEIC has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Universal Electronics from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 3rd. B. Riley restated a “buy” rating and set a $73.00 target price on shares of Universal Electronics in a research note on Tuesday, February 20th. Piper Jaffray Companies cut shares of Universal Electronics from an “overweight” rating to a “neutral” rating in a research note on Friday, May 4th. BidaskClub cut shares of Universal Electronics from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 12th. Finally, ValuEngine cut shares of Universal Electronics from a “sell” rating to a “strong sell” rating in a research note on Friday, May 4th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Universal Electronics currently has a consensus rating of “Sell” and a consensus price target of $63.00.
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.