Toro 18 Holdings Llc Sells 15,000 Shares of Universal Electronics (NASDAQ:UEIC) Stock

Universal Electronics Inc. (NASDAQ:UEIC) major shareholder Toro 18 Holdings Llc sold 15,000 shares of Universal Electronics stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $4.95, for a total value of $74,250.00. Following the sale, the insider directly owned 1,286,051 shares of the company’s stock, valued at approximately $6,365,952.45. This trade represents a 1.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• 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 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 transaction 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 value of $1,044,000.00.

Universal Electronics Stock Performance

Shares of UEIC stock opened at $4.78 on Friday. Universal Electronics Inc. has a fifty-two week low of $2.69 and a fifty-two week high of $5.99. The stock has a 50 day moving average price of $4.65 and a two-hundred day moving average price of $4.29. The company has a market capitalization of $61.61 million, a P/E ratio of -4.12 and a beta of 1.19.

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 the consensus estimate 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 for 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 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 $0.24 dividend. The ex-dividend date is Monday, August 24th.

Hedge Funds Weigh In On Universal Electronics

A number of hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC purchased a new stake in Universal Electronics in the 3rd quarter worth $64,000. GSA Capital Partners LLP purchased a new position in shares of Universal Electronics during the second quarter valued at about $83,000. Quadrature Capital Ltd increased its holdings in shares of Universal Electronics by 47.6% in the fourth quarter. Quadrature Capital Ltd now owns 24,957 shares of the technology company’s stock worth $90,000 after purchasing an additional 8,044 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Universal Electronics in the second quarter worth about $108,000. Finally, XTX Topco Ltd lifted its position in shares of Universal Electronics by 41.5% in the fourth 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 in the last quarter. Institutional investors own 79.35% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on UEIC shares. Weiss Ratings upgraded shares of Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Rosenblatt Securities restated 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 cut shares of Universal Electronics from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Two equities research 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 stock has a consensus rating of “Reduce” and an average 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.