Universal Electronics (NASDAQ:UEIC) Major Shareholder Toro 18 Holdings Llc Sells 15,000 Shares

Universal Electronics Inc. (NASDAQ:UEIC) major shareholder Toro 18 Holdings Llc sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $4.95, for a total transaction of $74,250.00. Following the transaction, the insider owned 1,286,051 shares in the company, valued at approximately $6,365,952.45. The trade was a 1.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases 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 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 value 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

Shares of UEIC opened at $4.81 on Thursday. The firm has a 50 day simple moving average of $4.63 and a two-hundred day simple moving average of $4.28. Universal Electronics Inc. has a one year low of $2.69 and a one year high of $5.99. The company has a market cap of $62.00 million, a P/E ratio of -4.15 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 earnings per share for the quarter, beating 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 company 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 Dividend Announcement

The business also recently disclosed 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Weiss Ratings upgraded Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. Rosenblatt Securities reiterated a “neutral” rating and issued a $5.00 target price on shares of Universal Electronics in a report on Friday, August 7th. Finally, Wall Street Zen downgraded 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, Universal Electronics presently has an average rating of “Reduce” and an average target price of $4.25.

Institutional Trading of Universal Electronics

A number of large investors have recently bought and sold shares of the company. Peapod Lane Capital LLC grew its position in shares of Universal Electronics by 56.5% in the fourth quarter. Peapod Lane Capital LLC now owns 455,543 shares of the technology company’s stock valued at $1,645,000 after purchasing an additional 164,379 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Universal Electronics by 13.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 51,272 shares of the technology company’s stock worth $185,000 after purchasing an additional 5,932 shares in the last quarter. State Street Corp boosted its stake in Universal Electronics by 9.7% in the 4th quarter. State Street Corp now owns 56,520 shares of the technology company’s stock worth $204,000 after purchasing an additional 5,000 shares during the period. Kent Lake PR LLC boosted its stake in 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 period. Finally, Ameriprise Financial Inc. boosted its stake in Universal Electronics by 23.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 875,458 shares of the technology company’s stock worth $5,796,000 after purchasing an additional 164,617 shares during the period. 79.35% of the stock is 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.