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 stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $4.66, for a total value of $113,978.94. Following the completion of the transaction, the insider owned 1,207,373 shares in the company, valued at approximately $5,626,358.18. The trade was a 1.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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 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 stock was 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 Price Performance

Shares of NASDAQ:UEIC traded up $0.16 during midday trading on Friday, hitting $4.78. 184,779 shares of the company’s stock were exchanged, compared to its average volume of 58,652. Universal Electronics Inc. has a 12 month low of $2.69 and a 12 month high of $5.99. The company has a market cap of $61.61 million, a PE ratio of -4.12 and a beta of 1.18. The stock has a 50 day moving average price of $4.74 and a 200-day moving average price of $4.34.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.31. The business had revenue of $73.24 million during the quarter, compared to the consensus estimate of $78.13 million. Universal Electronics had a positive return on equity of 2.70% and a negative net margin of 4.57%.Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Universal Electronics Announces Dividend

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 $0.24 dividend. The ex-dividend date is Monday, August 24th.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Universal Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Rosenblatt Securities reiterated a “neutral” rating and issued a $5.00 price objective on shares of Universal Electronics in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. 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 company has an average rating of “Reduce” and an average target price of $4.25.

Institutional Investors Weigh In On Universal Electronics

Several institutional investors have recently bought and sold shares of UEIC. BlackRock Inc. purchased a new position in shares of Universal Electronics during the second quarter valued at approximately $1,860,000. Kent Lake PR LLC boosted its stake in 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 acquiring an additional 185,014 shares in the last quarter. Ameriprise Financial Inc. grew its stake 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 worth $5,796,000 after buying an additional 164,617 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Universal Electronics by 44.3% during 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 in the last quarter. Finally, Empowered Funds LLC bought a new stake in Universal Electronics during the 2nd quarter valued at about $349,000. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

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.