Universal Electronics Inc. (NASDAQ:UEIC) CEO Sells $154,660.05 in Stock

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

Universal Electronics Price Performance

Universal Electronics stock opened at $11.47 on Friday. Universal Electronics Inc. has a 12-month low of $7.53 and a 12-month high of $14.20. The firm has a 50 day moving average of $9.93 and a 200 day moving average of $10.21.

Analyst Ratings Changes

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

Institutional Trading of Universal Electronics

Hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC lifted its stake in shares of Universal Electronics by 33.5% during the 3rd quarter. Barclays PLC now owns 21,943 shares of the technology company’s stock valued at $202,000 after buying an additional 5,512 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Universal Electronics in the third quarter valued at about $163,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Universal Electronics by 15.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,979 shares of the technology company’s stock worth $609,000 after acquiring an additional 8,706 shares during the period. Empowered Funds LLC boosted its stake in shares of Universal Electronics by 5.3% in the third quarter. Empowered Funds LLC now owns 42,980 shares of the technology company’s stock worth $397,000 after acquiring an additional 2,144 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Universal Electronics by 4.3% during the third quarter. Victory Capital Management Inc. now owns 53,703 shares of the technology company’s stock worth $496,000 after purchasing an additional 2,203 shares in the last quarter. 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.