Universal Electronics (NASDAQ:UEIC) Insider Sells $113,978.94 in 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 stock was sold at an average price of $4.66, for a total transaction of $113,978.94. Following the transaction, the insider directly owned 1,207,373 shares of the company’s stock, valued at $5,626,358.18. This trade represents a 1.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 transaction of $193,707.59.
• 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 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 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 Price Performance

Shares of Universal Electronics stock opened at $4.78 on Monday. Universal Electronics Inc. has a 1-year low of $2.69 and a 1-year high of $5.99. The business has a 50-day moving average of $4.74 and a 200-day moving average of $4.35. The company has a market capitalization of $61.61 million, a PE ratio of -4.12 and a beta of 1.18.

Universal Electronics (NASDAQ:UEIC) last announced its 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. Universal Electronics had a positive return on equity of 2.70% and a negative net margin of 4.57%.The company had revenue of $73.24 million for 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 company also recently disclosed a special dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, August 24th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, August 24th.

Institutional Investors Weigh In On Universal Electronics

Several large investors have recently made changes to their positions in the company. Empowered Funds LLC acquired a new position in shares of Universal Electronics during the second quarter worth approximately $349,000. Man Group plc acquired a new stake in Universal Electronics in the 2nd quarter valued at approximately $241,000. Hsbc Holdings PLC bought a new stake in Universal Electronics during the 2nd quarter valued at $108,000. BlackRock Inc. bought a new stake in Universal Electronics during the 2nd quarter valued at $1,860,000. Finally, GSA Capital Partners LLP acquired a new position in Universal Electronics during the 2nd quarter worth $83,000. Institutional investors and hedge funds own 79.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Weiss Ratings raised shares of Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. 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. Finally, Wall Street Zen upgraded Universal Electronics to a “buy” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average 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.