Insider Selling: Universal Electronics (NASDAQ:UEIC) Major Shareholder Sells $1,044,000.00 in Stock

Universal Electronics Inc. (NASDAQ:UEIC) major shareholder Toro 18 Holdings Llc sold 200,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $5.22, for a total value of $1,044,000.00. Following the sale, the insider owned 1,344,647 shares in the company, valued at $7,019,057.34. This trade represents a 12.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Universal Electronics Trading Up 1.9%

NASDAQ UEIC opened at $5.27 on Friday. The business’s 50-day moving average price is $4.57 and its 200 day moving average price is $4.26. Universal Electronics Inc. has a twelve month low of $2.69 and a twelve month high of $5.99. The company has a market capitalization of $67.93 million, a PE ratio of -4.54 and a beta of 1.19.

Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.34 EPS 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 Announces Dividend

The firm 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 of this dividend is Monday, August 24th.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on UEIC shares. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $5.00 target price on shares of Universal Electronics in a research report on Friday, August 7th. Wall Street Zen cut Universal Electronics from a “buy” rating to a “hold” rating in a report 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 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, the company has a consensus rating of “Reduce” and an average price target of $4.25.

Institutional Investors Weigh In On Universal Electronics

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Kent Lake PR LLC increased its stake in shares of Universal Electronics by 17.2% in the second quarter. Kent Lake PR LLC now owns 1,260,642 shares of the technology company’s stock worth $8,345,000 after buying an additional 185,014 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Universal Electronics by 23.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 875,458 shares of the technology company’s stock valued at $5,796,000 after acquiring an additional 164,617 shares during the last quarter. Peapod Lane Capital LLC grew its holdings in Universal Electronics by 56.5% during the 4th quarter. Peapod Lane Capital LLC now owns 455,543 shares of the technology company’s stock worth $1,645,000 after acquiring an additional 164,379 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Universal Electronics in the 2nd quarter worth about $1,860,000. Finally, First Eagle Investment Management LLC increased its position 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 worth $867,000 after purchasing an additional 73,712 shares during the last quarter. 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.