Universal Electronics Inc (UEIC) Files Form 4 Insider Selling : Louis Sylvester Hughes Sells 1,771 Shares

Universal Electronics Inc (UEIC): Louis Sylvester Hughes , EVP of Universal Electronics Inc sold 1,771 shares on Aug 11, 2015. The Insider selling transaction was reported by the company on Jul 15, 2016 to the Securities and Exchange Commission. The shares were sold at $48.06 per share for a total value of $85,114.79 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 15, 2016, Edward K Zinser (director) sold 2,600 shares at $66.88 per share price.On Jun 8, 2016, Paul J Bennett (EVP) sold 13,100 shares at $66.50 per share price.Also, On May 27, 2016, David Cheung Hyen Chong (Executive Vice President -Asia) sold 3,500 shares at $64.75 per share price.On May 24, 2016, Richard A Jr Firehammer (Senior Vice President) sold 2,697 shares at $64.30 per share price.

Universal Electronics Inc: On Friday, Jul 15, 2016 heightened volatility was witnessed in Universal Electronics Inc which led to swings in the share price. The shares opened for trading at $73.5 and hit $74.235 on the upside , eventually ending the session at $73.25, with a gain of 0.76% or 0.55 points. The heightened volatility saw the trading volume jump to 1,68,700 shares. The 52-week high of the share price is $76.15 and the company has a market cap of $1,057 M . The 52-week low of the share price is at $40.2801.

Universal Electronics Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Universal Electronics Inc is Reiterated by Dougherty & Company to Buy and the brokerage firm has raised the Price Target to $ 86 from a previous price target of $70 .The Rating was issued on Jul 15, 2016.

Universal Electronics Inc. (UEI) develops control technology solutions and manufactures a line of pre-programmed universal remote control products embedded hardware and software and audio-video (AV) accessories for home entertainment systems. The Company’s offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls; audio-video (AV) accessories; integrated circuits on which its software and universal device control database is embedded; software firmware and technology solutions that can enable devices such as TVs 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 and intellectual property which the Company licenses to OEMs software development companies private label customers and subscription broadcasting providers.

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