Universal Electronics Inc (UEIC) Director Edward K. Zinser Sells 10,000 Shares

Universal Electronics Inc (NASDAQ:UEIC) Director Edward K. Zinser sold 10,000 shares of the stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $70.00, for a total transaction of $700,000.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $1,400,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Universal Electronics Inc (NASDAQ:UEIC) traded down 0.64% during trading on Friday, hitting $69.50. 47,833 shares of the company traded hands. Universal Electronics Inc has a 52 week low of $52.90 and a 52 week high of $80.42. The company’s 50 day moving average is $67.30 and its 200-day moving average is $67.05. The stock has a market capitalization of $1.00 billion, a PE ratio of 50.36 and a beta of 1.78.

Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings results on Thursday, February 16th. The technology company reported $0.70 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.70. The firm had revenue of $160.10 million for the quarter, compared to analysts’ expectations of $164.41 million. Universal Electronics had a net margin of 4.05% and a return on equity of 16.85%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 earnings per share. Analysts predict that Universal Electronics Inc will post $3.58 earnings per share for the current year.

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



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Several equities analysts recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $77.25 target price on shares of Universal Electronics in a report on Monday, March 27th. Zacks Investment Research lowered shares of Universal Electronics from a “buy” rating to a “hold” rating in a report on Thursday. Lake Street Capital reduced their target price on shares of Universal Electronics from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Friday, February 17th. Finally, TheStreet raised shares of Universal Electronics from a “c+” rating to a “b-” rating in a report on Thursday, March 16th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Universal Electronics currently has a consensus rating of “Buy” and an average target price of $76.31.

Hedge funds and other institutional investors have recently bought and sold shares of the company. William Blair Investment Management LLC boosted its position in Universal Electronics by 42.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,294,201 shares of the technology company’s stock worth $83,541,000 after buying an additional 386,192 shares during the last quarter. BlackRock Fund Advisors boosted its position in Universal Electronics by 8.0% in the third quarter. BlackRock Fund Advisors now owns 992,691 shares of the technology company’s stock worth $73,916,000 after buying an additional 73,391 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Universal Electronics by 4.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 384,434 shares of the technology company’s stock worth $28,625,000 after buying an additional 15,975 shares during the last quarter. Wellington Shields & Co. LLC boosted its position in Universal Electronics by 18.4% in the third quarter. Wellington Shields & Co. LLC now owns 359,455 shares of the technology company’s stock worth $26,765,000 after buying an additional 55,888 shares during the last quarter. Finally, State Street Corp boosted its position in Universal Electronics by 3.4% in the fourth quarter. State Street Corp now owns 312,600 shares of the technology company’s stock worth $20,180,000 after buying an additional 10,197 shares during the last quarter. Hedge funds and other institutional investors own 90.71% of the company’s stock.

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.

5 Day Chart for NASDAQ:UEIC

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