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Richard A. Firehammer Jr., Senior Vice President at Universal Electronics Inc. (NASDAQ:UEIC), recently sold 865 shares of the company’s common stock. The shares were sold at a price of $6.91 each, totaling approximately $5,977. Following this transaction, Firehammer holds no additional shares of common stock directly. The sale comes as InvestingPro data shows UEIC trading at attractive valuations with a price-to-book ratio of 0.63, though the stock has seen significant volatility, dropping over 32% in the past six months.
Additionally, Firehammer acquired 2,000 restricted stock units on May 13, 2025. These restricted stock units, which are a contingent right to receive shares of common stock, were granted by the company’s Compensation Committee. The grant is set to vest over three years on a ratable annual basis. After this acquisition, Firehammer holds an aggregate of 5,334 restricted stock units. According to InvestingPro, while the company faces near-term challenges, analysts project a return to profitability this year. Get access to 12 more exclusive ProTips and comprehensive analysis in the Pro Research Report.
In other recent news, Universal Electronics Inc. reported financial results for the first quarter of 2025, revealing a net loss per share of $0.12, which did not meet the expected earnings per share (EPS) of $0.07. The company also fell short on revenue, reporting $92.3 million against a forecast of $98.23 million. Despite these misses, the Connected Home segment showed robust growth, with sales increasing by 31% to reach $31.7 million. Universal Electronics managed to reduce its operating expenses to $27.6 million and significantly cut its net debt to $3.6 million. The company has provided guidance for the second quarter, projecting sales between $91 million and $101 million and an expected EPS ranging from $0.05 to $0.15. Analysts from Rosenblatt Securities noted the importance of Universal Electronics’ wins in the HVAC space and the potential for future revenue growth. The company is also navigating ongoing macroeconomic challenges, including tariff uncertainties and regulatory changes, which could impact future operations. Additionally, Universal Electronics is actively working on a CEO succession plan, with a search committee in place to find a suitable candidate.
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