Universal Electronics (NASDAQ:UEIC) Major Shareholder Toro 18 Holdings Llc Sells 8,300 Shares of Stock

Universal Electronics Inc. (NASDAQ:UEIC) major shareholder Toro 18 Holdings Llc sold 8,300 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $6,171,537.33. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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 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 transaction of $228,879.00.
• 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 Price Performance

Shares of NASDAQ UEIC opened at $4.81 on Thursday. The stock has a fifty day moving average price of $4.63 and a 200 day moving average price of $4.28. Universal Electronics Inc. has a 1-year low of $2.69 and a 1-year high of $5.99. The company has a market cap of $62.00 million, a PE ratio of -4.15 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 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.31. The company had revenue of $73.24 million during the quarter, compared to the consensus estimate of $78.13 million. Universal Electronics had a negative net margin of 4.57% and a positive return on equity of 2.70%. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Universal Electronics Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently weighed in on UEIC. Weiss Ratings upgraded Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Rosenblatt Securities reiterated a “neutral” rating and issued a $5.00 price objective on shares of Universal Electronics in a research report on Friday, August 7th. Finally, Wall Street Zen lowered shares of Universal Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $4.25.

Institutional Trading of Universal Electronics

A number of institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC purchased a new position in shares of Universal Electronics in the third quarter valued at $64,000. GSA Capital Partners LLP acquired a new stake in Universal Electronics in the 2nd quarter valued at about $83,000. Hsbc Holdings PLC acquired a new stake in Universal Electronics in the 2nd quarter valued at about $108,000. Quadrature Capital Ltd increased its holdings in Universal Electronics by 47.6% during the 4th quarter. Quadrature Capital Ltd now owns 24,957 shares of the technology company’s stock valued at $90,000 after acquiring an additional 8,044 shares in the last quarter. Finally, Prelude Capital Management LLC raised its position in Universal Electronics by 88.7% during the third quarter. Prelude Capital Management LLC now owns 29,161 shares of the technology company’s stock worth $136,000 after acquiring an additional 13,705 shares during the last quarter. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

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.