Insider Selling: Universal Electronics Inc (UEIC) Director Sells $500,400.00 in Stock

Universal Electronics Inc (NASDAQ:UEIC) Director Gregory Stapleton sold 10,000 shares of the company’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $50.04, for a total transaction of $500,400.00. Following the completion of the sale, the director now directly owns 37,601 shares of the company’s stock, valued at $1,881,554.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Universal Electronics stock opened at $52.10 on Friday. The stock has a market capitalization of $705.73, a price-to-earnings ratio of 18.54, a PEG ratio of 1.82 and a beta of 1.23. The company has a quick ratio of 0.74, a current ratio of 1.22 and a debt-to-equity ratio of 0.05. Universal Electronics Inc has a one year low of $41.95 and a one year high of $72.50.

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Universal Electronics (NASDAQ:UEIC) last announced its earnings results on Thursday, February 22nd. The technology company reported $0.60 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.60. The business had revenue of $181.15 million during the quarter, compared to the consensus estimate of $175.42 million. Universal Electronics had a negative net margin of 1.48% and a positive return on equity of 11.65%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share. sell-side analysts anticipate that Universal Electronics Inc will post 1.83 EPS for the current year.

A number of institutional investors have recently made changes to their positions in UEIC. First Mercantile Trust Co. raised its holdings in Universal Electronics by 83.7% in the fourth quarter. First Mercantile Trust Co. now owns 3,651 shares of the technology company’s stock worth $173,000 after purchasing an additional 1,664 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Universal Electronics in the fourth quarter worth about $235,000. MetLife Investment Advisors LLC bought a new position in Universal Electronics in the fourth quarter worth about $285,000. Millennium Management LLC acquired a new position in shares of Universal Electronics during the fourth quarter valued at about $324,000. Finally, Municipal Employees Retirement System of Michigan increased its holdings in shares of Universal Electronics by 58.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 5,430 shares of the technology company’s stock valued at $344,000 after acquiring an additional 2,010 shares in the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

UEIC has been the subject of a number of recent research reports. BidaskClub upgraded shares of Universal Electronics from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 9th. Zacks Investment Research downgraded shares of Universal Electronics from a “hold” rating to a “strong sell” rating in a report on Saturday, March 3rd. Finally, B. Riley reiterated a “buy” rating and issued a $73.00 target price on shares of Universal Electronics in a report on Tuesday, February 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Universal Electronics has a consensus rating of “Hold” and a consensus price target of $71.75.

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About Universal Electronics

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.

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

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