Insider Selling: Universal Electronics (NASDAQ:UEIC) Insider Sells $17,745.00 in Stock

Universal Electronics Inc. (NASDAQ:UEIC) insider Toro 18 Holdings Llc sold 3,900 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $4.55, for a total transaction of $17,745.00. Following the completion of the sale, the insider directly owned 1,231,832 shares of the company’s stock, valued at $5,604,835.60. This trade represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 value 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 value 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 value 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 value of $1,044,000.00.

Universal Electronics Price Performance

NASDAQ UEIC opened at $4.71 on Monday. The stock has a market capitalization of $60.71 million, a PE ratio of -4.06 and a beta of 1.18. The company has a 50 day moving average price of $4.74 and a two-hundred day moving average price of $4.33. Universal Electronics Inc. has a 12-month low of $2.69 and a 12-month high of $5.99.

Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.03 by $0.31. The company had revenue of $73.24 million for 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 Dividend Announcement

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

Wall Street Analyst Weigh In

UEIC has been the subject of a number of analyst reports. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $5.00 price target on shares of Universal Electronics in a research report on Friday, August 7th. Wall Street Zen downgraded Universal Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings upgraded Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $4.25.

Institutional Investors Weigh In On Universal Electronics

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Universal Electronics in the 2nd quarter valued at approximately $1,860,000. Kent Lake PR LLC lifted its holdings in shares of Universal Electronics by 17.2% during 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 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 valued at $5,796,000 after acquiring an additional 164,617 shares during the period. First Eagle Investment Management LLC boosted its position in shares of 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 acquiring an additional 73,712 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of Universal Electronics in the second quarter worth $349,000. 79.35% of the stock is owned by institutional investors and hedge funds.

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.