Universal Electronics Inc (NASDAQ:UEIC) EVP David Cheung Hyen Chong Sells 4,000 Shares

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Universal Electronics Inc (NASDAQ:UEIC) EVP David Cheung Hyen Chong sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $55.10, for a total value of $220,400.00. Following the completion of the sale, the executive vice president now owns 703 shares in the company, valued at approximately $38,735.30. The transaction 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 Monday, September 9th, David Cheung Hyen Chong sold 1,406 shares of Universal Electronics stock. The stock was sold at an average price of $45.70, for a total value of $64,254.20.

Shares of UEIC stock traded up $0.22 during trading hours on Wednesday, hitting $55.57. 78,496 shares of the company were exchanged, compared to its average volume of 111,747. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.88 and a current ratio of 1.37. Universal Electronics Inc has a one year low of $23.29 and a one year high of $60.00. The business’s 50-day simple moving average is $54.26 and its two-hundred day simple moving average is $46.18. The stock has a market capitalization of $774.41 million, a price-to-earnings ratio of 65.38, a P/E/G ratio of 37.07 and a beta of 1.23.

Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.86 by $0.15. Universal Electronics had a negative net margin of 1.94% and a negative return on equity of 5.52%. The business had revenue of $200.72 million for the quarter, compared to analysts’ expectations of $191.15 million. As a group, analysts anticipate that Universal Electronics Inc will post 0.1 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of UEIC. Bank of Montreal Can lifted its position in shares of Universal Electronics by 1,037.0% during the second quarter. Bank of Montreal Can now owns 1,228 shares of the technology company’s stock worth $51,000 after purchasing an additional 1,120 shares during the last quarter. First Quadrant L P CA bought a new position in shares of Universal Electronics during the second quarter worth about $62,000. Russell Investments Group Ltd. lifted its position in shares of Universal Electronics by 347.8% during the third quarter. Russell Investments Group Ltd. now owns 2,400 shares of the technology company’s stock worth $122,000 after purchasing an additional 1,864 shares during the last quarter. KBC Group NV bought a new position in shares of Universal Electronics during the second quarter worth about $198,000. Finally, Acadian Asset Management LLC bought a new position in shares of Universal Electronics during the second quarter worth about $212,000. 99.86% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on the company. ValuEngine cut Universal Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research downgraded Universal Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. Finally, BidaskClub downgraded Universal Electronics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $50.00.

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.

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