Insider Selling: Universal Electronics (NASDAQ:UEIC) Major Shareholder Sells $228,879.00 in Stock

Universal Electronics Inc. (NASDAQ:UEIC) major shareholder Toro 18 Holdings Llc sold 43,596 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $5.25, for a total transaction of $228,879.00. Following the completion of the sale, the insider owned 1,301,051 shares in the company, valued at $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 Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more 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 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 transaction of $40,089.00.
• 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 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 transaction of $1,044,000.00.

Universal Electronics Price Performance

Shares of NASDAQ UEIC opened at $4.85 on Friday. Universal Electronics Inc. has a 12-month low of $2.69 and a 12-month high of $5.99. The company has a market capitalization of $62.49 million, a PE ratio of -4.18 and a beta of 1.19. The firm’s 50-day moving average is $4.67 and its two-hundred day moving average is $4.29.

Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates 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 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 declared 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 of this dividend is Monday, August 24th.

Wall Street Analysts Forecast Growth

UEIC has been the topic of a number of analyst reports. Wall Street Zen lowered Universal Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings raised shares of Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $5.00 target price on shares of Universal Electronics in a report on Friday, August 7th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Universal Electronics presently has an average rating of “Reduce” and an average target price of $4.25.

Hedge Funds Weigh In On Universal Electronics

Large investors have recently added to or reduced their stakes in the business. Peapod Lane Capital LLC lifted its holdings in shares of Universal Electronics by 56.5% during the 4th quarter. Peapod Lane Capital LLC now owns 455,543 shares of the technology company’s stock worth $1,645,000 after acquiring an additional 164,379 shares during the period. Quadrature Capital Ltd grew its holdings in Universal Electronics by 47.6% in the fourth quarter. Quadrature Capital Ltd now owns 24,957 shares of the technology company’s stock valued at $90,000 after purchasing an additional 8,044 shares during the period. NewEdge Advisors LLC acquired a new position in Universal Electronics during the third quarter worth approximately $64,000. BlackRock Inc. acquired a new position in Universal Electronics during the second quarter worth approximately $1,860,000. Finally, Empowered Funds LLC purchased a new position in Universal Electronics during the second quarter worth approximately $349,000. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

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.