Universal Electronics Inc (NASDAQ:UEIC) insider Richard A. Firehammer, Jr. sold 2,817 shares of the stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $52.35, for a total transaction of $147,469.95. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of UEIC stock opened at $49.85 on Friday. Universal Electronics Inc has a 52-week low of $41.95 and a 52-week high of $72.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.22 and a quick ratio of 0.74. The firm has a market cap of $717.71, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 1.85 and a beta of 1.37.
Universal Electronics (NASDAQ:UEIC) last issued its earnings results on Thursday, February 22nd. The technology company reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. Universal Electronics had a negative net margin of 1.48% and a positive return on equity of 11.65%. The firm had revenue of $181.15 million for the quarter, compared to analyst estimates of $175.42 million. During the same quarter last year, the business posted $0.74 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. equities research analysts expect that Universal Electronics Inc will post 1.83 EPS for the current fiscal year.
A number of brokerages have weighed in on UEIC. BidaskClub upgraded shares of Universal Electronics from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 9th. B. Riley restated a “buy” rating and issued a $73.00 target price on shares of Universal Electronics in a research report on Tuesday, February 20th. Finally, Zacks Investment Research lowered shares of Universal Electronics from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 3rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $71.75.
Institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. boosted its position in Universal Electronics by 40.7% in the third quarter. Victory Capital Management Inc. now owns 2,760 shares of the technology company’s stock valued at $175,000 after buying an additional 798 shares in the last quarter. First Mercantile Trust Co. lifted its holdings in shares of Universal Electronics by 83.7% during 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 during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Universal Electronics during the third quarter worth $291,000. Teacher Retirement System of Texas acquired a new position in shares of Universal Electronics during the fourth quarter worth $235,000. Finally, Municipal Employees Retirement System of Michigan lifted 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 worth $344,000 after purchasing an additional 2,010 shares during the period. Hedge funds and other institutional investors own 95.99% of the company’s stock.
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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.
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