Toro 18 Holdings Llc Sells 105,541 Shares of Universal Electronics (NASDAQ:UEIC) Stock

Universal Electronics Inc. (NASDAQ:UEIC) insider Toro 18 Holdings Llc sold 105,541 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $4.63, for a total value of $488,654.83. Following the transaction, the insider owned 1,101,832 shares in the company, valued at approximately $5,101,482.16. This represents a 8.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, September 10th, Toro 18 Holdings Llc sold 24,459 shares of Universal Electronics stock. The shares were sold at an average price of $4.66, for a total value of $113,978.94.
• On Thursday, September 3rd, Toro 18 Holdings Llc sold 3,900 shares of Universal Electronics stock. The shares were sold at an average price of $4.55, for a total value of $17,745.00.
• 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 value of $193,707.59.
• On Wednesday, August 19th, Toro 18 Holdings Llc sold 8,300 shares of Universal Electronics stock. The stock was 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 stock was 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 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 Trading Up 3.5%

Shares of UEIC stock opened at $4.78 on Friday. The company has a market capitalization of $61.61 million, a PE ratio of -4.12 and a beta of 1.18. The firm has a fifty day simple moving average of $4.74 and a 200-day simple moving average of $4.34. Universal Electronics Inc. has a twelve month low of $2.69 and a twelve month high of $5.99.

Universal Electronics (NASDAQ:UEIC) last released 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 business had revenue of $73.24 million during the quarter, compared to analyst estimates 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 given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Investors Weigh In On Universal Electronics

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Universal Electronics in the second quarter worth about $1,860,000. Man Group plc acquired a new stake in Universal Electronics during the second quarter valued at approximately $241,000. Hsbc Holdings PLC acquired a new stake in Universal Electronics during the second quarter valued at approximately $108,000. XTX Topco Ltd lifted its holdings in Universal Electronics by 41.5% during the 4th quarter. XTX Topco Ltd now owns 36,175 shares of the technology company’s stock worth $131,000 after buying an additional 10,604 shares during the last quarter. Finally, Quadrature Capital Ltd grew its position in shares of Universal Electronics by 47.6% in the 4th quarter. Quadrature Capital Ltd now owns 24,957 shares of the technology company’s stock worth $90,000 after acquiring an additional 8,044 shares in the last quarter. Institutional investors and hedge funds own 79.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on UEIC shares. Rosenblatt Securities reissued a “neutral” rating and issued a $5.00 price target on shares of Universal Electronics in a report on Friday, August 7th. Weiss Ratings raised Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Finally, Wall Street Zen upgraded Universal Electronics to a “buy” rating in a research note on Saturday. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently 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.