Universal Electronics Inc (UEIC) EVP David Cheung Hyen Chong Purchases 3,095 Shares

Universal Electronics Inc (NASDAQ:UEIC) EVP David Cheung Hyen Chong bought 3,095 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The stock was acquired at an average cost of $28.93 per share, with a total value of $89,538.35. Following the completion of the acquisition, the executive vice president now owns 29,442 shares of the company’s stock, valued at approximately $851,757.06. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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.

NASDAQ UEIC opened at $29.70 on Wednesday. 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 firm has a market cap of $406.82 million, a price-to-earnings ratio of 10.57, a PEG ratio of 4.17 and a beta of 1.25. Universal Electronics Inc has a 52 week low of $28.30 and a 52 week high of $29.25.

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

Several large investors have recently added to or reduced their stakes in the company. RMB Capital Management LLC lifted its position in shares of Universal Electronics by 13.9% during the first quarter. RMB Capital Management LLC now owns 81,754 shares of the technology company’s stock worth $4,255,000 after purchasing an additional 9,972 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Universal Electronics by 2.4% during the first quarter. Principal Financial Group Inc. now owns 109,653 shares of the technology company’s stock worth $5,707,000 after purchasing an additional 2,599 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of Universal Electronics by 28.9% during the first quarter. Citadel Advisors LLC now owns 36,777 shares of the technology company’s stock worth $1,914,000 after purchasing an additional 8,243 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Universal Electronics by 9.6% during the first quarter. Dimensional Fund Advisors LP now owns 707,924 shares of the technology company’s stock worth $36,847,000 after purchasing an additional 61,868 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Universal Electronics by 344.8% during the first quarter. JPMorgan Chase & Co. now owns 22,288 shares of the technology company’s stock worth $1,160,000 after purchasing an additional 17,277 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

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

Universal Electronics Company Profile

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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