Toro 18 Holdings Llc Sells 24,459 Shares of Universal Electronics (NASDAQ:UEIC) Stock

Universal Electronics Inc. (NASDAQ:UEIC) insider Toro 18 Holdings Llc sold 24,459 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $4.66, for a total value of $113,978.94. Following the completion of the sale, the insider owned 1,207,373 shares in the company, valued at $5,626,358.18. This represents a 1.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, September 11th, Toro 18 Holdings Llc sold 105,541 shares of Universal Electronics stock. The shares were sold at an average price of $4.63, for a total value of $488,654.83.
• 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 value of $17,745.00.
• On Wednesday, September 2nd, Toro 18 Holdings Llc sold 42,019 shares of Universal Electronics stock. The stock was 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 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 transaction of $1,044,000.00.

Universal Electronics Price Performance

NASDAQ:UEIC opened at $4.78 on Friday. 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 $61.61 million, a P/E ratio of -4.12 and a beta of 1.18. The firm’s fifty day moving average price is $4.74 and its two-hundred day moving average price is $4.34.

Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 earnings per share for the quarter, beating 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 company also recently announced a special dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, August 24th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, August 24th.

Hedge Funds Weigh In On Universal Electronics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of Universal Electronics in the 2nd quarter valued at approximately $1,860,000. Kent Lake PR LLC boosted its position 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 worth $8,345,000 after acquiring an additional 185,014 shares in the last quarter. Ameriprise Financial Inc. increased its stake in 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 last quarter. First Eagle Investment Management LLC increased its stake 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 acquiring an additional 73,712 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in Universal Electronics during the second quarter valued at approximately $349,000. 79.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UEIC has been the subject of several recent research reports. Weiss Ratings upgraded Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Rosenblatt Securities reiterated a “neutral” rating and set a $5.00 price objective on shares of Universal Electronics in a research report on Friday, August 7th. Finally, Wall Street Zen raised Universal Electronics to a “buy” rating in a report on Saturday. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus 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.