Universal Electronics Inc. (NASDAQ:UEIC) Director Sells $26,700.00 in Stock

Universal Electronics Inc. (NASDAQ:UEIC) Director Edward K. Zinser sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $10.68, for a total value of $26,700.00. Following the transaction, the director now directly owns 38,062 shares of the company’s stock, valued at approximately $406,502.16. This trade represents a 6.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Universal Electronics Stock Performance

UEIC opened at $10.95 on Friday. The stock has a market cap of $142.68 million, a price-to-earnings ratio of -5.34 and a beta of 1.13. The firm’s fifty day moving average is $8.77 and its 200 day moving average is $10.29. Universal Electronics Inc. has a fifty-two week low of $7.17 and a fifty-two week high of $14.20.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. B. Riley raised Universal Electronics from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $11.00 to $14.00 in a report on Monday, November 11th. StockNews.com raised Universal Electronics from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. Finally, Rosenblatt Securities upgraded shares of Universal Electronics from a “neutral” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Friday, November 8th.

Institutional Investors Weigh In On Universal Electronics

Hedge funds have recently made changes to their positions in the company. Empowered Funds LLC increased its holdings in shares of Universal Electronics by 8.0% in the 1st quarter. Empowered Funds LLC now owns 37,956 shares of the technology company’s stock worth $380,000 after buying an additional 2,800 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Universal Electronics by 5.1% in the 1st quarter. First Eagle Investment Management LLC now owns 206,175 shares of the technology company’s stock valued at $2,064,000 after purchasing an additional 10,096 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Universal Electronics by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 555,163 shares of the technology company’s stock worth $5,557,000 after purchasing an additional 7,994 shares during the period. Kent Lake Capital LLC bought a new position in shares of Universal Electronics during the 1st quarter valued at approximately $1,588,000. Finally, Ancora Advisors LLC raised its holdings in Universal Electronics by 7.2% during the 1st quarter. Ancora Advisors LLC now owns 269,834 shares of the technology company’s stock valued at $2,701,000 after buying an additional 18,050 shares during the period. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

Universal Electronics Company Profile

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.