Universal Electronics (NASDAQ:UEIC) Insider Toro 18 Holdings Llc Sells 24,459 Shares

Universal Electronics Inc. (NASDAQ:UEIC) insider Toro 18 Holdings Llc sold 24,459 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $4.66, for a total transaction of $113,978.94. Following the completion of the transaction, the insider owned 1,207,373 shares of the company’s stock, valued at $5,626,358.18. This represents a 1.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Toro 18 Holdings Llc also recently made the following trade(s):

• On Friday, September 11th, Toro 18 Holdings Llc sold 105,541 shares of Universal Electronics stock. The stock was sold at an average price of $4.63, for a total value of $488,654.83.
• On Thursday, September 3rd, Toro 18 Holdings Llc sold 3,900 shares of Universal Electronics stock. The shares were sold at an average price of $4.55, for a total value of $17,745.00.
• On Wednesday, September 2nd, Toro 18 Holdings Llc sold 42,019 shares of Universal Electronics stock. The shares were sold at an average price of $4.61, for a total value of $193,707.59.
• 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 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 stock was sold at an average price of $5.22, for a total value of $1,044,000.00.

Universal Electronics Trading Up 3.5%

Shares of NASDAQ UEIC opened at $4.78 on Friday. The stock has a market cap of $61.61 million, a P/E ratio of -4.12 and a beta of 1.18. Universal Electronics Inc. has a twelve month low of $2.69 and a twelve month high of $5.99. The stock has a 50 day moving average of $4.74 and a two-hundred day moving average of $4.34.

Universal Electronics (NASDAQ:UEIC) last announced 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. The business 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. 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 Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $5.00 target price on shares of Universal Electronics in a report on Friday, August 7th. Wall Street Zen raised Universal Electronics to a “buy” rating in a report on Saturday. Finally, Weiss Ratings upgraded Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $4.25.

Hedge Funds Weigh In On Universal Electronics

Large investors have recently made changes to their positions in the stock. Empowered Funds LLC purchased a new stake in Universal Electronics during the second quarter worth about $349,000. Man Group plc acquired a new stake in shares of Universal Electronics during the 2nd quarter valued at approximately $241,000. Hsbc Holdings PLC acquired a new stake in shares of Universal Electronics during the 2nd quarter valued at approximately $108,000. BlackRock Inc. purchased a new stake in shares of Universal Electronics during the 2nd quarter worth approximately $1,860,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Universal Electronics during the 2nd quarter worth approximately $83,000. Hedge funds and other institutional investors own 79.35% of the company’s stock.

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.