Toro 18 Holdings Llc Sells 200,000 Shares of Universal Electronics (NASDAQ:UEIC) Stock

Universal Electronics Inc. (NASDAQ:UEIC) major shareholder Toro 18 Holdings Llc sold 200,000 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $5.22, for a total value of $1,044,000.00. Following the transaction, the insider owned 1,344,647 shares in the company, valued at $7,019,057.34. This trade represents a 12.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Universal Electronics Price Performance

UEIC opened at $5.17 on Friday. Universal Electronics Inc. has a 12 month low of $2.69 and a 12 month high of $5.99. The business has a 50-day moving average of $4.54 and a two-hundred day moving average of $4.26. The stock has a market capitalization of $66.64 million, a price-to-earnings ratio of -4.46 and a beta of 1.19.

Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 earnings per share for the quarter, topping 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 analyst estimates of $78.13 million. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Universal Electronics Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on UEIC shares. Weiss Ratings raised Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Rosenblatt Securities restated a “neutral” rating and set a $5.00 price target on shares of Universal Electronics in a research note on Friday, August 7th. Finally, Wall Street Zen lowered Universal Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $4.25.

Institutional Trading of Universal Electronics

Several large investors have recently added to or reduced their stakes in the stock. Man Group plc lifted its stake in shares of Universal Electronics by 2.9% during the fourth quarter. Man Group plc now owns 102,924 shares of the technology company’s stock worth $372,000 after purchasing an additional 2,905 shares in the last quarter. Renaissance Technologies LLC lifted its position in Universal Electronics by 1.4% during the 1st quarter. Renaissance Technologies LLC now owns 215,723 shares of the technology company’s stock worth $889,000 after acquiring an additional 3,071 shares in the last quarter. Empowered Funds LLC lifted its position in Universal Electronics by 4.7% during the 1st quarter. Empowered Funds LLC now owns 69,266 shares of the technology company’s stock worth $285,000 after acquiring an additional 3,088 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of Universal Electronics by 3.3% in the second quarter. Bridgeway Capital Management LLC now owns 131,164 shares of the technology company’s stock valued at $868,000 after purchasing an additional 4,143 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Universal Electronics by 15.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 36,341 shares of the technology company’s stock valued at $222,000 after purchasing an additional 4,893 shares in the last quarter. 79.35% of the stock is currently owned by institutional investors and hedge funds.

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.