Universal Electronics (NASDAQ:UEIC) Major Shareholder Sells $40,089.00 in Stock

Universal Electronics Inc. (NASDAQ:UEIC) major shareholder Toro 18 Holdings Llc sold 8,300 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $4.83, for a total value of $40,089.00. Following the completion of the transaction, the insider directly owned 1,277,751 shares in the company, valued at $6,171,537.33. The trade was a 0.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more 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 Tuesday, August 18th, Toro 18 Holdings Llc sold 15,000 shares of Universal Electronics stock. The shares were 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 Performance

NASDAQ UEIC traded down $0.01 on Wednesday, reaching $4.81. The company had a trading volume of 46,070 shares, compared to its average volume of 88,557. The company’s fifty day moving average is $4.63 and its 200-day moving average is $4.28. The firm has a market capitalization of $62.00 million, a price-to-earnings ratio of -4.15 and a beta of 1.19. Universal Electronics Inc. has a 1-year low of $2.69 and a 1-year high of $5.99.

Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) 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 firm 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 announced a special dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, August 24th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, August 24th.

Hedge Funds Weigh In On Universal Electronics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC acquired a new stake in Universal Electronics during the third quarter worth about $64,000. GSA Capital Partners LLP acquired a new position in shares of Universal Electronics during the 2nd quarter worth $83,000. Quadrature Capital Ltd lifted its position in shares of Universal Electronics by 47.6% during the 4th quarter. Quadrature Capital Ltd now owns 24,957 shares of the technology company’s stock worth $90,000 after buying an additional 8,044 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of Universal Electronics during the 2nd quarter worth $108,000. Finally, XTX Topco Ltd boosted its stake in Universal Electronics by 41.5% in the fourth quarter. XTX Topco Ltd now owns 36,175 shares of the technology company’s stock valued at $131,000 after buying an additional 10,604 shares in the last quarter. 79.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings raised shares of Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. Wall Street Zen cut Universal Electronics from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $5.00 price target on shares of Universal Electronics in a research note on Friday, August 7th. 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.com, the company currently has an average rating of “Reduce” and an average price target of $4.25.

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.