Universal Electronics (NASDAQ:UEIC) Major Shareholder Toro 18 Holdings Llc Sells 43,596 Shares

Universal Electronics Inc. (NASDAQ:UEIC) major shareholder Toro 18 Holdings Llc sold 43,596 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $5.25, for a total value of $228,879.00. Following the transaction, the insider directly owned 1,301,051 shares in the company, valued at approximately $6,830,517.75. This trade represents a 3.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 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 Wednesday, August 19th, Toro 18 Holdings Llc sold 8,300 shares of Universal Electronics stock. The shares were sold at an average price of $4.83, for a total value 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 value of $74,250.00.
• 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 value of $1,044,000.00.

Universal Electronics Price Performance

UEIC stock opened at $4.81 on Thursday. The company has a fifty day moving average price of $4.63 and a two-hundred day moving average price of $4.28. Universal Electronics Inc. has a one year low of $2.69 and a one year high of $5.99. The stock has a market cap of $62.00 million, a price-to-earnings ratio of -4.15 and a beta of 1.19.

Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.31. The company had revenue of $73.24 million for the quarter, compared to analyst estimates 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 business also recently disclosed a special dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, August 24th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, August 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Empowered Funds LLC bought a new position in shares of Universal Electronics during the second quarter worth approximately $349,000. Man Group plc bought a new stake in shares of Universal Electronics in the second quarter valued at approximately $241,000. Hsbc Holdings PLC acquired a new stake in Universal Electronics during the second quarter worth approximately $108,000. BlackRock Inc. acquired a new stake in Universal Electronics during the second quarter worth approximately $1,860,000. Finally, GSA Capital Partners LLP bought a new position in Universal Electronics during the 2nd quarter worth $83,000. Institutional investors and hedge funds own 79.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. 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 restated a “neutral” rating and issued a $5.00 price target on shares of Universal Electronics in a research note on Friday, August 7th. Finally, Wall Street Zen lowered 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $4.25.

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.