Toro 18 Holdings Llc Sells 3,900 Shares of Universal Electronics (NASDAQ:UEIC) Stock

Universal Electronics Inc. (NASDAQ:UEIC) insider Toro 18 Holdings Llc sold 3,900 shares of Universal Electronics stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $4.55, for a total value of $17,745.00. Following the completion of the transaction, the insider directly owned 1,231,832 shares in the company, valued at $5,604,835.60. This trade represents a 0.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, September 2nd, Toro 18 Holdings Llc sold 42,019 shares of Universal Electronics stock. The shares were sold at an average price of $4.61, for a total value of $193,707.59.
• On Wednesday, August 19th, Toro 18 Holdings Llc sold 8,300 shares of Universal Electronics stock. The stock was sold at an average price of $4.83, for a total transaction of $40,089.00.
• On Tuesday, August 18th, Toro 18 Holdings Llc sold 15,000 shares of Universal Electronics stock. The stock was sold at an average price of $4.95, for a total transaction of $74,250.00.
• On Monday, August 17th, Toro 18 Holdings Llc sold 43,596 shares of Universal Electronics stock. The shares were sold at an average price of $5.25, for a total transaction of $228,879.00.
• On Monday, August 10th, Toro 18 Holdings Llc sold 200,000 shares of Universal Electronics stock. The shares were sold at an average price of $5.22, for a total transaction of $1,044,000.00.

Universal Electronics Stock Up 3.7%

Shares of UEIC opened at $4.71 on Friday. The stock has a market capitalization of $60.69 million, a P/E ratio of -4.06 and a beta of 1.18. Universal Electronics Inc. has a twelve month low of $2.69 and a twelve month high of $5.99. The firm has a fifty day simple moving average of $4.74 and a two-hundred day simple moving average of $4.33.

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

Universal Electronics Announces Dividend

The firm 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 dividend of $0.24 per share. The ex-dividend date is Monday, August 24th.

Analyst Ratings Changes

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

Institutional Trading of Universal Electronics

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC bought a new stake in Universal Electronics during the 2nd quarter valued at approximately $349,000. Man Group plc bought a new position in shares of Universal Electronics in the 2nd quarter worth approximately $241,000. Hsbc Holdings PLC bought a new position in shares of Universal Electronics in the 2nd quarter worth approximately $108,000. BlackRock Inc. bought a new position in shares of Universal Electronics in the 2nd quarter worth approximately $1,860,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Universal Electronics in the 2nd quarter valued at approximately $83,000. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

About Universal Electronics

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.