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 company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $5.22, for a total transaction of $1,044,000.00. Following the completion of the sale, the insider directly owned 1,344,647 shares of the company’s stock, valued at $7,019,057.34. The trade was a 12.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Universal Electronics Price Performance

UEIC traded up $0.09 during mid-day trading on Wednesday, hitting $5.88. The stock had a trading volume of 78,216 shares, compared to its average volume of 66,606. The stock’s fifty day simple moving average is $4.52 and its 200-day simple moving average is $4.25. The firm has a market capitalization of $75.79 million, a price-to-earnings ratio of -5.07 and a beta of 1.19. Universal Electronics Inc. has a 1-year low of $2.69 and a 1-year 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 (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.31. The company had revenue of $73.24 million during the quarter, compared to analyst estimates of $78.13 million. Universal Electronics had a negative net margin of 4.57% and a positive return on equity of 2.70%. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Universal Electronics Announces Dividend

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

Institutional Investors Weigh In On Universal Electronics

Several institutional investors have recently bought and sold shares of the company. Kent Lake PR LLC boosted its position in 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 worth $8,345,000 after acquiring an additional 185,014 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Universal Electronics by 23.2% in the second 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 in the last quarter. Peapod Lane Capital LLC lifted 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 worth $1,645,000 after purchasing an additional 164,379 shares in the last quarter. BlackRock Inc. acquired a new position in Universal Electronics during the second quarter worth $1,860,000. Finally, First Eagle Investment Management LLC grew its position in Universal Electronics by 44.3% in the fourth 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. Institutional investors own 79.35% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on UEIC. Weiss Ratings upgraded Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. Rosenblatt Securities restated a “neutral” rating and set a $5.00 target price on shares of Universal Electronics in a report on Friday, August 7th. Finally, Wall Street Zen lowered shares of Universal Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price 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.