Toro 18 Holdings Llc Sells 8,300 Shares of Universal Electronics (NASDAQ:UEIC) Stock

Universal Electronics Inc. (NASDAQ:UEIC) major shareholder Toro 18 Holdings Llc sold 8,300 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $4.83, for a total value of $40,089.00. Following the sale, the insider owned 1,277,751 shares of the company’s stock, valued at $6,171,537.33. This represents a 0.65% 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 this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Toro 18 Holdings Llc also recently made the following trade(s):

• On Tuesday, August 18th, Toro 18 Holdings Llc sold 15,000 shares of Universal Electronics stock. The shares were sold at an average price of $4.95, for a total value of $74,250.00.
• On Monday, August 17th, Toro 18 Holdings Llc sold 43,596 shares of Universal Electronics stock. The stock was sold at an average price of $5.25, for a total value of $228,879.00.
• On Monday, August 10th, Toro 18 Holdings Llc sold 200,000 shares of Universal Electronics stock. The stock was sold at an average price of $5.22, for a total value of $1,044,000.00.

Universal Electronics Stock Performance

UEIC opened at $4.78 on Friday. Universal Electronics Inc. has a 1 year low of $2.69 and a 1 year high of $5.99. The firm has a 50 day moving average price of $4.65 and a 200 day moving average price of $4.29. The company has a market cap of $61.61 million, a PE ratio of -4.12 and a beta of 1.19.

Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.31. Universal Electronics had a negative net margin of 4.57% and a positive return on equity of 2.70%. The firm had revenue of $73.24 million for the quarter, compared to analysts’ expectations of $78.13 million. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Universal Electronics Announces Dividend

The business also recently declared a special dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, August 24th will be issued a $0.24 dividend. The ex-dividend date is Monday, August 24th.

Wall Street Analyst Weigh In

UEIC has been the topic of several research reports. Weiss Ratings raised Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Rosenblatt Securities reiterated a “neutral” rating and issued a $5.00 target price on shares of Universal Electronics in a research note on Friday, August 7th. Finally, Wall Street Zen downgraded Universal Electronics from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $4.25.

Institutional Trading of Universal Electronics

A number of hedge funds have recently made changes to their positions in the stock. Peapod Lane Capital LLC grew its holdings in Universal Electronics by 56.5% during the 4th quarter. Peapod Lane Capital LLC now owns 455,543 shares of the technology company’s stock worth $1,645,000 after acquiring an additional 164,379 shares in the last quarter. Man Group plc acquired a new stake in shares of Universal Electronics in the 2nd quarter valued at about $241,000. Hsbc Holdings PLC bought a new position in shares of Universal Electronics during the second quarter worth about $108,000. BlackRock Inc. acquired a new position in Universal Electronics in the second quarter worth about $1,860,000. Finally, GSA Capital Partners LLP acquired a new position in Universal Electronics in the second quarter worth about $83,000. Institutional investors and hedge funds own 79.35% of the company’s stock.

Universal Electronics Company Profile

Universal Electronics Inc (NASDAQ:UEIC) is a leading provider of sensing and control technologies for the smart home and consumer electronics markets. The company specializes in design, development and manufacturing of remote control devices, wireless connectivity modules and integrated sensing solutions. Its core expertise lies in infrared (IR) and radio frequency (RF) remote controls, voice-enabled control devices and universal remotes that allow consumers to manage multiple home entertainment and automation systems through a single interface.

In addition to traditional remote control products, Universal Electronics has expanded its portfolio to include Internet of Things (IoT) gateways, home-automation hubs and cloud-based management platforms.