Insider Selling: Universal Electronics (NASDAQ:UEIC) Major Shareholder Sells 8,300 Shares of Stock

Universal Electronics Inc. (NASDAQ:UEIC) major shareholder Toro 18 Holdings Llc sold 8,300 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $4.83, for a total transaction of $40,089.00. Following the sale, the insider directly owned 1,277,751 shares of the company’s stock, valued at approximately $6,171,537.33. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major 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 transaction of $74,250.00.
• On Monday, August 17th, Toro 18 Holdings Llc sold 43,596 shares of Universal Electronics stock. The shares were 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 shares were sold at an average price of $5.22, for a total transaction of $1,044,000.00.

Universal Electronics Stock Performance

Shares of UEIC traded down $0.01 during trading hours on Wednesday, hitting $4.81. 46,070 shares of the company were exchanged, compared to its average volume of 88,557. The company has a market cap of $62.00 million, a PE ratio of -4.15 and a beta of 1.19. The firm’s 50 day moving average is $4.63 and its 200-day moving average is $4.28. Universal Electronics Inc. has a 52 week low of $2.69 and a 52 week high of $5.99.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.31. The company had revenue of $73.24 million for the quarter, compared to analyst estimates 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 Dividend Announcement

The firm 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 $0.24 dividend. The ex-dividend date of this dividend is Monday, August 24th.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Universal Electronics

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kent Lake PR LLC grew its holdings in shares of Universal Electronics by 17.2% during the second quarter. Kent Lake PR LLC now owns 1,260,642 shares of the technology company’s stock worth $8,345,000 after purchasing an additional 185,014 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Universal Electronics by 23.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 875,458 shares of the technology company’s stock worth $5,796,000 after acquiring an additional 164,617 shares during the last quarter. Peapod Lane Capital LLC increased its position 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 acquiring an additional 164,379 shares in the last quarter. BlackRock Inc. bought a new position in shares of Universal Electronics in the second quarter worth about $1,860,000. Finally, First Eagle Investment Management LLC lifted its holdings in Universal Electronics by 44.3% during the 4th quarter. First Eagle Investment Management LLC now owns 240,148 shares of the technology company’s stock worth $867,000 after buying an additional 73,712 shares in the last quarter. 79.35% of the stock is 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.