Universal Electronics (NASDAQ:UEIC) Major Shareholder Sells $74,250.00 in Stock

Universal Electronics Inc. (NASDAQ:UEIC) major shareholder Toro 18 Holdings Llc sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $4.95, for a total transaction of $74,250.00. Following the sale, the insider owned 1,286,051 shares in the company, valued at $6,365,952.45. The trade was a 1.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Large 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 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 transaction of $40,089.00.
• 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 Price Performance

NASDAQ:UEIC opened at $4.85 on Friday. Universal Electronics Inc. has a 1 year low of $2.69 and a 1 year high of $5.99. The stock’s fifty day moving average price is $4.67 and its two-hundred day moving average price is $4.29. The company has a market cap of $62.49 million, a P/E ratio of -4.18 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 the consensus estimate of $0.03 by $0.31. Universal Electronics had a positive return on equity of 2.70% and a negative net margin of 4.57%.The company had revenue of $73.24 million during 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 Dividend Announcement

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

Hedge Funds Weigh In On Universal Electronics

A number of institutional investors have recently added to or reduced their stakes in UEIC. Man Group plc boosted its position in shares of Universal Electronics by 2.9% during the 4th quarter. Man Group plc now owns 102,924 shares of the technology company’s stock valued at $372,000 after acquiring an additional 2,905 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Universal Electronics by 1.4% in the first quarter. Renaissance Technologies LLC now owns 215,723 shares of the technology company’s stock worth $889,000 after purchasing an additional 3,071 shares during the last quarter. Empowered Funds LLC increased its position in shares of Universal Electronics by 4.7% in the first quarter. Empowered Funds LLC now owns 69,266 shares of the technology company’s stock worth $285,000 after purchasing an additional 3,088 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in Universal Electronics by 3.3% in the second quarter. Bridgeway Capital Management LLC now owns 131,164 shares of the technology company’s stock valued at $868,000 after purchasing an additional 4,143 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Universal Electronics by 15.6% in the first quarter. Goldman Sachs Group Inc. now owns 36,341 shares of the technology company’s stock valued at $222,000 after purchasing an additional 4,893 shares in the last quarter. 79.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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