Toro 18 Holdings Llc Sells 42,019 Shares of Universal Electronics (NASDAQ:UEIC) Stock

Universal Electronics Inc. (NASDAQ:UEIC) insider Toro 18 Holdings Llc sold 42,019 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $4.61, for a total transaction of $193,707.59. Following the completion of the sale, the insider directly owned 1,235,732 shares in the company, valued at approximately $5,696,724.52. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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, 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 transaction 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 transaction of $74,250.00.
• On Monday, August 17th, Toro 18 Holdings Llc sold 43,596 shares of Universal Electronics stock. The stock was 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 shares were sold at an average price of $5.22, for a total transaction of $1,044,000.00.

Universal Electronics Stock Up 3.7%

UEIC opened at $4.71 on Friday. The firm’s fifty day simple moving average is $4.74 and its two-hundred day simple moving average is $4.33. Universal Electronics Inc. has a 52-week low of $2.69 and a 52-week high of $5.99. The company has a market cap of $60.69 million, a price-to-earnings ratio of -4.06 and a beta of 1.18.

Universal Electronics (NASDAQ:UEIC) last issued 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. Universal Electronics had a positive return on equity of 2.70% and a negative net margin of 4.57%.The firm had revenue of $73.24 million during the quarter, compared to analysts’ expectations of $78.13 million. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Universal Electronics Announces Dividend

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

Analysts Set New Price Targets

UEIC has been the subject of several recent research reports. Wall Street Zen cut Universal Electronics from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Rosenblatt Securities reissued a “neutral” rating and set 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 research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $4.25.

Institutional Investors Weigh In On Universal Electronics

Several institutional investors and hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC acquired a new stake in Universal Electronics during the 3rd quarter worth approximately $64,000. GSA Capital Partners LLP acquired a new position in shares of Universal Electronics in the second quarter worth $83,000. Hsbc Holdings PLC acquired a new position in shares of Universal Electronics in the second quarter worth $108,000. Quadrature Capital Ltd increased its position in shares of Universal Electronics by 47.6% during the fourth 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 during the period. Finally, Prelude Capital Management LLC increased its position in shares of Universal Electronics by 88.7% during the third quarter. Prelude Capital Management LLC now owns 29,161 shares of the technology company’s stock worth $136,000 after acquiring an additional 13,705 shares during the period. Hedge funds and other institutional investors own 79.35% of the company’s stock.

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.