Toro 18 Holdings Llc Sells 43,596 Shares of Universal Electronics (NASDAQ:UEIC) Stock

Universal Electronics Inc. (NASDAQ:UEIC) major shareholder Toro 18 Holdings Llc sold 43,596 shares of Universal Electronics stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $5.25, for a total value of $228,879.00. Following the transaction, the insider owned 1,301,051 shares in the company, valued at approximately $6,830,517.75. This represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock 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 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 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 value of $1,044,000.00.

Universal Electronics Trading Down 0.2%

Shares of NASDAQ:UEIC traded down $0.01 during trading on Wednesday, hitting $4.81. 46,070 shares of the company’s stock traded hands, compared to its average volume of 88,557. 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 $62.00 million, a price-to-earnings ratio of -4.15 and a beta of 1.19. The company has a 50-day moving average price of $4.63 and a 200-day moving average price of $4.28.

Universal Electronics (NASDAQ:UEIC) last posted its earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping 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 business 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 Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on UEIC. 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 reiterated a “neutral” rating and set a $5.00 target price on shares of Universal Electronics in a report on Friday, August 7th. Finally, Wall Street Zen downgraded Universal Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Universal Electronics presently has an average rating of “Reduce” and an average target price of $4.25.

Institutional Trading of Universal Electronics

A number of hedge funds and other institutional investors have recently made changes to their positions in UEIC. Peapod Lane Capital LLC increased its stake in Universal Electronics by 56.5% in the 4th quarter. Peapod Lane Capital LLC now owns 455,543 shares of the technology company’s stock valued at $1,645,000 after buying an additional 164,379 shares during the last quarter. Man Group plc acquired a new position in shares of Universal Electronics during the 2nd quarter worth about $241,000. Hsbc Holdings PLC acquired a new position in shares of Universal Electronics during the 2nd quarter worth about $108,000. BlackRock Inc. bought a new position in shares of Universal Electronics in the 2nd quarter valued at about $1,860,000. Finally, GSA Capital Partners LLP bought a new position in shares of Universal Electronics in the 2nd quarter valued at about $83,000. 79.35% of the stock is currently owned by institutional investors and hedge funds.

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.