Insider Selling: 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 on Wednesday, August 19th. The stock was sold at an average price of $4.83, for a total value of $40,089.00. Following the completion of the transaction, the insider owned 1,277,751 shares of the company’s stock, valued at $6,171,537.33. The trade was a 0.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares 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 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 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 transaction of $1,044,000.00.

Universal Electronics Stock Up 1.5%

Shares of UEIC opened at $4.85 on Friday. Universal Electronics Inc. has a 52-week low of $2.69 and a 52-week high of $5.99. The company has a 50-day simple moving average of $4.67 and a 200-day simple moving average of $4.29. The company has a market capitalization of $62.49 million, a PE ratio of -4.18 and a beta of 1.19.

Universal Electronics (NASDAQ:UEIC) last released 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. 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 the consensus estimate of $78.13 million. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Universal Electronics Announces Dividend

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

Institutional Investors Weigh In On Universal Electronics

Several hedge funds have recently modified their holdings of UEIC. Cubist Systematic Strategies LLC grew its holdings in shares of Universal Electronics by 62.7% during the first quarter. Cubist Systematic Strategies LLC now owns 32,502 shares of the technology company’s stock worth $199,000 after buying an additional 12,526 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Universal Electronics by 15.6% in the first quarter. Goldman Sachs Group Inc. now owns 36,341 shares of the technology company’s stock valued at $222,000 after buying an additional 4,893 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Universal Electronics by 8.4% during the first quarter. Empowered Funds LLC now owns 48,816 shares of the technology company’s stock valued at $299,000 after buying an additional 3,802 shares during the period. Kent Lake PR LLC lifted its stake 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 valued at $8,345,000 after buying an additional 185,014 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Universal Electronics by 23.2% during the second 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. 79.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Weiss Ratings upgraded Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. Rosenblatt Securities reiterated a “neutral” rating and set a $5.00 target price on shares of Universal Electronics in a research report on Friday, August 7th. Finally, Wall Street Zen downgraded 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus 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.