Universal Electronics (NASDAQ:UEIC) Insider Sells 105,541 Shares

Universal Electronics Inc. (NASDAQ:UEIC) insider Toro 18 Holdings Llc sold 105,541 shares of Universal Electronics stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $4.63, for a total value of $488,654.83. Following the transaction, the insider directly owned 1,101,832 shares in the company, valued at approximately $5,101,482.16. This trade represents a 8.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, September 10th, Toro 18 Holdings Llc sold 24,459 shares of Universal Electronics stock. The stock was sold at an average price of $4.66, for a total transaction of $113,978.94.
• On Thursday, September 3rd, Toro 18 Holdings Llc sold 3,900 shares of Universal Electronics stock. The stock was sold at an average price of $4.55, for a total transaction of $17,745.00.
• 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 transaction of $193,707.59.
• 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 shares were 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 Up 3.5%

Shares of Universal Electronics stock traded up $0.16 on Friday, hitting $4.78. 184,779 shares of the company traded hands, compared to its average volume of 58,652. The company has a 50-day moving average price of $4.74 and a 200 day moving average price of $4.34. Universal Electronics Inc. has a 12-month low of $2.69 and a 12-month high of $5.99. The company has a market cap of $61.61 million, a PE ratio of -4.12 and a beta of 1.18.

Universal Electronics (NASDAQ:UEIC) last posted 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 business had revenue of $73.24 million for the quarter, compared to the consensus estimate of $78.13 million. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Universal Electronics Announces Dividend

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

Institutional Trading of Universal Electronics

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

Wall Street Analyst Weigh In

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