Toro 18 Holdings Llc Sells 43,596 Shares of Universal Electronics (NASDAQ:UEIC) Stock

Universal Electronics Inc. (NASDAQ:UEIC) major shareholder Toro 18 Holdings Llc sold 43,596 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $5.25, for a total value of $228,879.00. Following the completion of the transaction, the insider owned 1,301,051 shares of the company’s stock, valued at $6,830,517.75. The trade was a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock 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 stock was 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 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 value of $1,044,000.00.

Universal Electronics Price Performance

NASDAQ UEIC opened at $4.78 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 50-day moving average of $4.65 and a 200-day moving average of $4.29. The company has a market cap of $61.61 million, a P/E ratio of -4.12 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 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates 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 issued a $0.24 dividend. The ex-dividend date is Monday, August 24th.

Analyst Ratings Changes

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

Institutional Trading of Universal Electronics

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Universal Electronics in the second quarter worth about $1,860,000. Kent Lake PR LLC raised its holdings in shares of Universal Electronics by 17.2% during the 2nd 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. Ameriprise Financial Inc. raised its holdings in shares of Universal Electronics by 23.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 875,458 shares of the technology company’s stock valued at $5,796,000 after buying an additional 164,617 shares during the period. Peapod Lane Capital LLC lifted its position in 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 in the last quarter. Finally, First Eagle Investment Management LLC lifted its position 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 acquiring an additional 73,712 shares in the last quarter. 79.35% of the stock is currently owned by institutional investors and hedge funds.

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.