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

Universal Electronics Inc. (NASDAQ:UEIC) CEO Paul D. Arling sold 13,185 shares of the business’s 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 of the company’s stock, valued at approximately $3,326,803.95. The trade was a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Universal Electronics Price Performance

UEIC stock opened at $11.47 on Friday. Universal Electronics Inc. has a 1 year low of $7.53 and a 1 year high of $14.20. The company has a market cap of $149.45 million, a P/E ratio of -5.60 and a beta of 1.20. The stock’s fifty day moving average price is $9.93 and its 200-day moving average price is $10.21.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Universal Electronics

A number of large investors have recently made changes to their positions in the company. Acadian Asset Management LLC lifted its stake in shares of Universal Electronics by 9.1% in the 2nd quarter. Acadian Asset Management LLC now owns 499,940 shares of the technology company’s stock worth $5,804,000 after purchasing an additional 41,795 shares during the period. American Century Companies Inc. increased its holdings in Universal Electronics by 24.8% during the second quarter. American Century Companies Inc. now owns 165,845 shares of the technology company’s stock valued at $1,927,000 after buying an additional 32,911 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Universal Electronics by 18.0% in the second quarter. Assenagon Asset Management S.A. now owns 140,077 shares of the technology company’s stock worth $1,628,000 after acquiring an additional 21,337 shares during the period. Sei Investments Co. purchased a new position in shares of Universal Electronics during the 2nd quarter worth $212,000. Finally, Jane Street Group LLC bought a new stake in shares of Universal Electronics during the 3rd quarter valued at $163,000. 79.35% of the stock is currently owned by 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.