Universal Electronics Inc. (NASDAQ:UEIC) insider Richard A. Firehammer, Jr. sold 753 shares of the stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $70.30, for a total transaction of $52,935.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Universal Electronics Inc. (NASDAQ:UEIC) traded down 1.56% during midday trading on Tuesday, reaching $69.25. 217,464 shares of the company traded hands. The company’s 50-day moving average price is $69.02 and its 200 day moving average price is $71.07. Universal Electronics Inc. has a 12 month low of $45.20 and a 12 month high of $80.42. The firm has a market capitalization of $1.01 billion, a PE ratio of 38.43 and a beta of 1.90.

Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.02. The company had revenue of $170.30 million for the quarter, compared to analysts’ expectations of $173.98 million. Universal Electronics had a net margin of 4.05% and a return on equity of 16.85%. Universal Electronics’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. On average, equities analysts anticipate that Universal Electronics Inc. will post $2.90 earnings per share for the current year.

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

Several research firms have issued reports on UEIC. B. Riley raised shares of Universal Electronics from a “neutral” rating to a “buy” rating and set a $73.50 price objective on the stock in a report on Monday, November 7th. Zacks Investment Research upgraded shares of Universal Electronics from a “sell” rating to a “hold” rating in a research report on Wednesday, August 17th. Finally, Lake Street Capital initiated coverage on shares of Universal Electronics in a research report on Thursday, August 18th. They issued a “buy” rating and a $87.00 target price for the company. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Universal Electronics has an average rating of “Buy” and an average price target of $74.92.

A number of institutional investors have recently made changes to their positions in the stock. William Blair Investment Management LLC boosted its position in shares of Universal Electronics by 323.9% in the second quarter. William Blair Investment Management LLC now owns 717,505 shares of the company’s stock valued at $51,861,000 after buying an additional 548,254 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Universal Electronics by 4,267.6% in the second quarter. UBS Asset Management Americas Inc. now owns 179,073 shares of the company’s stock valued at $12,943,000 after buying an additional 174,973 shares in the last quarter. Columbus Circle Investors purchased a new position in shares of Universal Electronics during the second quarter valued at about $12,631,000. Emerald Acquisition Ltd. purchased a new position in shares of Universal Electronics during the second quarter valued at about $7,715,000. Finally, BlackRock Fund Advisors boosted its position in shares of Universal Electronics by 8.0% in the third quarter. BlackRock Fund Advisors now owns 992,691 shares of the company’s stock valued at $73,916,000 after buying an additional 73,391 shares in the last quarter. 92.76% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This news story was reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this news story on another domain, it was illegally stolen and republished in violation of international trademark and copyright law. The original version of this news story can be viewed at https://www.thecerbatgem.com/2016/11/22/insider-selling-universal-electronics-inc-ueic-insider-sells-753-shares-of-stock.html.

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

Receive News & Stock Ratings for Universal Electronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Electronics Inc. and related stocks with our FREE daily email newsletter.