Universal Electronics Inc. (NASDAQ:UEIC) CEO Paul D. Arling Sells 13,185 Shares of Stock

Universal Electronics Inc. (NASDAQ:UEIC) CEO Paul D. Arling sold 13,185 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $11.73, for a total value of $154,660.05. Following the completion of the sale, the chief executive officer now directly owns 283,615 shares of the company’s stock, valued at $3,326,803.95. The trade was a 4.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Universal Electronics Price Performance

Universal Electronics stock opened at $11.50 on Friday. The company’s 50-day moving average is $9.87 and its 200 day moving average is $10.22. Universal Electronics Inc. has a 1-year low of $7.20 and a 1-year high of $14.20.

Wall Street Analyst Weigh In

UEIC has been the topic of a number of recent research reports. Rosenblatt Securities upgraded shares of Universal Electronics from a “neutral” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Friday, November 8th. B. Riley raised Universal Electronics from a “neutral” rating to a “buy” rating and raised their target price for the stock from $11.00 to $14.00 in a report on Monday, November 11th. Finally, StockNews.com upgraded shares of Universal Electronics from a “buy” rating to a “strong-buy” rating in a research report on Thursday.

Institutional Trading of Universal Electronics

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Universal Electronics by 1.5% during the first quarter. Vanguard Group Inc. now owns 555,163 shares of the technology company’s stock valued at $5,557,000 after acquiring an additional 7,994 shares in the last quarter. Empowered Funds LLC raised its position in Universal Electronics by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 42,980 shares of the technology company’s stock valued at $397,000 after purchasing an additional 2,144 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Universal Electronics by 15.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,979 shares of the technology company’s stock worth $609,000 after buying an additional 8,706 shares during the period. Sei Investments Co. bought a new position in shares of Universal Electronics during the 2nd quarter worth $212,000. Finally, Acadian Asset Management LLC increased its stake in shares of Universal Electronics by 9.1% during the second quarter. Acadian Asset Management LLC now owns 499,940 shares of the technology company’s stock valued at $5,804,000 after buying an additional 41,795 shares during the period. 79.35% of the stock is owned by hedge funds and other institutional investors.

About Universal Electronics

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People’s Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.