Insider Analysis: Richard Firehammer Sold $52,936 Worth of Universal Electronics Inc (NASDAQ:UEIC) Stock

November 23, 2016 - By Marie Mckinney

Insider Analysis: Richard Firehammer Sold $52,936 Worth of Universal Electronics Inc (NASDAQ:UEIC) Stock

Richard Firehammer Insider Sell

Universal Electronics Inc’s Senior Vice President Richard Firehammer made a sale of 753 shares of the Pinksheet-listed company in a stock market trade dated November 22, 2016. These insider shares were unloaded at an avg stock price per share of $70.3, for an aggregate trade of $52,936. The dated November 22, 2016 transaction’s filing filed with the Washington-based SEC is ready for use here.

Universal Electronics Inc (NASDAQ:UEIC) Ratings Coverage

Out of 4 analysts covering Universal Electronics Inc. (NASDAQ:UEIC), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $87 is the highest target while $55.50 is the lowest. The $71.25 average target is 2.89% above today’s ($69.25) stock price. Universal Electronics Inc. has been the topic of 6 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by B. Riley & Co on Saturday, August 8. Sidoti initiated the shares of UEIC in a report on Friday, July 22 with “Buy” rating. The company was maintained on Friday, August 7 by B Riley. The stock of Universal Electronics Inc (NASDAQ:UEIC) earned “Buy” rating by Lake Street on Friday, August 19. As per Thursday, March 10, the company rating was downgraded by Sidoti. The stock of Universal Electronics Inc (NASDAQ:UEIC) has “Buy” rating given on Monday, November 7 by B. Riley & Co.

Insitutional Activity: The institutional sentiment increased to 1.25 in Q2 2016. Its up 0.38, from 0.87 in 2016Q1. The ratio improved, as 11 funds sold all Universal Electronics Inc shares owned while 56 reduced positions. 18 funds bought stakes while 40 increased positions. They now own 12.61 million shares or 2.75% less from 12.96 million shares in 2016Q1.

Babson Cap Ltd Llc holds 0.01% of its portfolio in Universal Electronics Inc (NASDAQ:UEIC) for 4,400 shares. Commercial Bank Of Montreal Can owns 902 shares or 0% of their US portfolio. Eam Ltd has invested 0.63% of its portfolio in Universal Electronics Inc (NASDAQ:UEIC). The Maryland-based Price T Rowe Assocs Inc Md has invested 0% in Universal Electronics Inc (NASDAQ:UEIC). Principal Financial Inc reported 101,555 shares or 0.01% of all its holdings. Checchi Cap Advisers Limited Liability Company last reported 16 shares in the company. Metropolitan Life Ny holds 0.01% or 10,849 shares in its portfolio. Virginia Retirement Et Al has invested 0% of its portfolio in Universal Electronics Inc (NASDAQ:UEIC). Schwab Charles Inv Inc has invested 0% of its portfolio in Universal Electronics Inc (NASDAQ:UEIC). Rice Hall James Assoc has 39,789 shares for 0.17% of their US portfolio. Argent Ltd Liability Co last reported 0.1% of its portfolio in the stock. Deutsche Natl Bank Ag has invested 0% of its portfolio in Universal Electronics Inc (NASDAQ:UEIC). Allianz Asset Mngmt Ag accumulated 0% or 50,522 shares. Great West Life Assurance Can holds 0% of its portfolio in Universal Electronics Inc (NASDAQ:UEIC) for 1,800 shares. Da Davidson accumulated 185 shares or 0% of the stock.

Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 11 insider sales for $7.08 million net activity. SPARKMAN J C had sold 8,850 shares worth $677,482 on Tuesday, September 6. $178,615 worth of Universal Electronics Inc (NASDAQ:UEIC) was sold by ZINSER EDWARD K on Friday, May 27. FIREHAMMER RICHARD A JR also sold $173,417 worth of Universal Electronics Inc (NASDAQ:UEIC) shares. $1.80M worth of Universal Electronics Inc (NASDAQ:UEIC) shares were sold by Hackworth Bryan M. 20,835 shares were sold by ARLING PAUL D, worth $1.61 million on Tuesday, August 23. $226,625 worth of Universal Electronics Inc (NASDAQ:UEIC) was sold by Chong David Cheung Hyen. HUGHES LOUIS SYLVESTER sold $30,276 worth of stock.

The stock decreased 1.56% or $1.1 during the last trading session, hitting $69.25. About 217,464 shares traded hands or 103.65% up from the average. Universal Electronics Inc (NASDAQ:UEIC) has risen 1.05% since April 21, 2016 and is uptrending. It has underperformed by 4.28% the S&P500.

Universal Electronics Inc. develops control and sensor technology solutions and makes a line of pre-programmed and universal remote control products, audio-video (AV) accessories, and intelligent wireless security and automation components. The company has a market cap of $1.02 billion. The Company’s offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls that are sold primarily to subscription broadcasting providers, original equipment manufacturers (OEMs), retailers, and private label customers, and integrated circuits, on which its software and universal device control database is embedded, sold primarily to OEMs, subscription broadcasting providers, and private label customers. It has a 38.5 P/E ratio.

According to Zacks Investment Research, “Universal Electronics Inc. develops software, and builds and markets pre-programmed, easy-to-use wireless control devices and chips principally for home entertainment equipment and the subscription broadcast market. The company’s product lines under development include wireless interface technologies, such as combination keyboard/remotes and touch-screen remotes. The company licenses its patented technologies and database of infrared codes to companies selling into the cable and satellite industries, and to original equipment manufacturers. (PRESS RELEASE)”

More news for Universal Electronics Inc (NASDAQ:UEIC) were recently published by: Equitiesfocus.com, which released: “Universal Electronics Inc. (NASDAQ:UEIC) Stock Gets Revised Target Of $80.30” on November 22, 2016. Benzinga.com‘s article titled: “Universal Electronics Initiated With Buy Rating At Lake Street Capital” and published on August 18, 2016 is yet another important article.

UEIC Company Profile

Universal Electronics Inc. (UEI), incorporated on November 21, 1986, develops control and sensor technology solutions and makes a line of pre-programmed and universal remote control products, audio-video (AV) accessories, and intelligent wireless security and automation components. The Company’s offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls that are sold primarily to subscription broadcasting providers (cable, satellite and Internet Protocol television (IPTV)), original equipment manufacturers (OEMs), retailers, and private label customers, and integrated circuits, on which its software and universal device control database is embedded, sold primarily to OEMs, subscription broadcasting providers, and private label customers. The Company’s offerings also include software, firmware and technology solutions that enable devices, such as televisions, set-top boxes, stereos, smart phones, tablets, gaming controllers and other consumer electronic devices to wirelessly connect and interact with home networks and interactive services to control and deliver digital entertainment and information; intellectual property which it licenses primarily to OEMs, software development companies, private label customers, and subscription broadcasting providers; RF sensors designed for residential security, safety and automation applications, and AV accessories sold, directly and indirectly, to consumers.

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