Insider Selling: Universal Electronics (NASDAQ:UEIC) Insider Sells $193,707.59 in Stock

Universal Electronics Inc. (NASDAQ:UEIC) insider Toro 18 Holdings Llc sold 42,019 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $4.61, for a total value of $193,707.59. Following the sale, the insider owned 1,235,732 shares of the company’s stock, valued at $5,696,724.52. The trade was a 3.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, September 3rd, Toro 18 Holdings Llc sold 3,900 shares of Universal Electronics stock. The shares were sold at an average price of $4.55, for a total transaction of $17,745.00.
• 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 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 stock was 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 Performance

Shares of UEIC stock opened at $4.71 on Monday. The company has a market cap of $60.71 million, a PE ratio of -4.06 and a beta of 1.18. The company’s fifty day simple moving average is $4.74 and its 200-day simple moving average is $4.33. Universal Electronics Inc. has a 52 week low of $2.69 and a 52 week high of $5.99.

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, topping 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 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 Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Universal Electronics in the second quarter valued at $1,860,000. Kent Lake PR LLC increased its position in shares of Universal Electronics by 17.2% in the 2nd quarter. Kent Lake PR LLC now owns 1,260,642 shares of the technology company’s stock worth $8,345,000 after purchasing an additional 185,014 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Universal Electronics by 23.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 875,458 shares of the technology company’s stock valued at $5,796,000 after purchasing an additional 164,617 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of Universal Electronics by 44.3% in the 4th quarter. First Eagle Investment Management LLC now owns 240,148 shares of the technology company’s stock valued at $867,000 after purchasing an additional 73,712 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in shares of Universal Electronics during the second quarter worth about $349,000. Hedge funds and other institutional investors own 79.35% of the company’s stock.

Analyst Ratings Changes

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

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.