Insider Buying: Universal Electronics Inc (UEIC) EVP Acquires $89,538.35 in Stock

Universal Electronics Inc (NASDAQ:UEIC) EVP David Cheung Hyen Chong purchased 3,095 shares of the business’s stock in a transaction dated Tuesday, May 15th. The shares were purchased at an average price of $28.93 per share, for a total transaction of $89,538.35. Following the acquisition, the executive vice president now owns 29,442 shares of the company’s stock, valued at $851,757.06. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

David Cheung Hyen Chong also recently made the following trade(s):

  • On Thursday, March 22nd, David Cheung Hyen Chong sold 3,500 shares of Universal Electronics stock. The shares were sold at an average price of $51.80, for a total transaction of $181,300.00.

UEIC stock remained flat at $$30.75 on Friday. 100 shares of the company traded hands, compared to its average volume of 107,667. Universal Electronics Inc has a 52 week low of $29.45 and a 52 week high of $30.40. The company has a quick ratio of 0.80, a current ratio of 1.24 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $432.25 million, a PE ratio of 18.11, a P/E/G ratio of 4.43 and a beta of 1.25.

Universal Electronics (NASDAQ:UEIC) last issued its earnings results on Thursday, May 3rd. The technology company reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.02). Universal Electronics had a positive return on equity of 9.08% and a negative net margin of 1.58%. The company had revenue of $164.70 million during the quarter, compared to analysts’ expectations of $172.68 million. analysts predict that Universal Electronics Inc will post 0.46 EPS for the current year.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Universal Electronics from a “hold” rating to a “sell” rating in a report on Thursday, May 10th. BidaskClub upgraded shares of Universal Electronics from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 20th. B. Riley cut shares of Universal Electronics from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $75.00 to $46.00 in a report on Friday, May 4th. Piper Jaffray cut shares of Universal Electronics from an “overweight” rating to a “neutral” rating in a report on Friday, May 4th. Finally, ValuEngine cut shares of Universal Electronics from a “sell” rating to a “strong sell” rating in a report on Friday, May 4th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company presently has an average rating of “Sell” and a consensus price target of $63.00.

Hedge funds have recently modified their holdings of the stock. First Mercantile Trust Co. boosted 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 during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Universal Electronics during the 4th quarter worth $235,000. Wrapmanager Inc. purchased a new position in shares of Universal Electronics during the 1st quarter worth $255,000. MetLife Investment Advisors LLC purchased a new position in shares of Universal Electronics during the 4th quarter worth $285,000. Finally, FDx Advisors Inc. purchased a new position in shares of Universal Electronics during the 1st quarter worth $295,000. Institutional investors own 95.99% of the company’s stock.

About Universal Electronics

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.

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

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