Universal Electronics (NASDAQ:UEIC) Insider Toro 18 Holdings Llc Sells 42,019 Shares

Universal Electronics Inc. (NASDAQ:UEIC) insider Toro 18 Holdings Llc sold 42,019 shares of Universal Electronics stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $4.61, for a total transaction of $193,707.59. Following the sale, the insider owned 1,235,732 shares of the company’s stock, valued at approximately $5,696,724.52. This represents a 3.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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 stock was 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 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 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 stock was sold at an average price of $5.22, for a total transaction of $1,044,000.00.

Universal Electronics Stock Performance

Shares of Universal Electronics stock opened at $4.71 on Friday. The firm has a fifty day moving average of $4.74 and a two-hundred day moving average of $4.33. The stock has a market capitalization of $60.71 million, a price-to-earnings ratio of -4.06 and a beta of 1.18. Universal Electronics Inc. has a 52 week low of $2.69 and a 52 week high of $5.99.

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 positive return on equity of 2.70% and a negative net margin of 4.57%.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 announced a special dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, August 24th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Trading of Universal Electronics

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Universal Electronics in the second quarter worth about $1,860,000. Kent Lake PR LLC lifted its holdings in shares of Universal Electronics by 17.2% during the 2nd quarter. Kent Lake PR LLC now owns 1,260,642 shares of the technology company’s stock valued at $8,345,000 after purchasing an additional 185,014 shares in the last quarter. Ameriprise Financial Inc. grew its position 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 during the period. First Eagle Investment Management LLC grew 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 valued at $867,000 after purchasing an additional 73,712 shares during the period. Finally, Empowered Funds LLC bought a new stake in Universal Electronics during the 2nd quarter worth approximately $349,000. Institutional investors and hedge funds own 79.35% of the company’s stock.

Wall Street Analysts Forecast Growth

UEIC has been the subject of several analyst reports. Weiss Ratings upgraded Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Rosenblatt Securities reiterated a “neutral” rating and issued a $5.00 price target on shares of Universal Electronics in a research 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 investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target 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.