Toro 18 Holdings Llc Sells 42,019 Shares of Universal Electronics (NASDAQ:UEIC) Stock

Universal Electronics Inc. (NASDAQ:UEIC) insider Toro 18 Holdings Llc sold 42,019 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $4.61, for a total value of $193,707.59. Following the completion of the transaction, the insider directly owned 1,235,732 shares in the company, valued at approximately $5,696,724.52. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, September 3rd, Toro 18 Holdings Llc sold 3,900 shares of Universal Electronics stock. The stock was sold at an average price of $4.55, for a total value of $17,745.00.
• 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 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 Up 3.7%

Shares of NASDAQ:UEIC traded up $0.17 during midday trading on Friday, reaching $4.71. The company’s stock had a trading volume of 49,026 shares, compared to its average volume of 58,383. The stock has a fifty day moving average of $4.74 and a 200 day moving average of $4.32. Universal Electronics Inc. has a twelve month low of $2.69 and a twelve month high of $5.99. The firm has a market capitalization of $60.71 million, a PE ratio of -4.06 and a beta of 1.18.

Universal Electronics (NASDAQ:UEIC) last posted its earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating 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 company had revenue of $73.24 million during 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 Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently weighed in on UEIC. Weiss Ratings raised shares of Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. Rosenblatt Securities restated a “neutral” rating and issued a $5.00 price target on shares of Universal Electronics in a research note 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 investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $4.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC boosted its holdings in Universal Electronics by 62.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 32,502 shares of the technology company’s stock valued at $199,000 after purchasing an additional 12,526 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Universal Electronics by 15.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 36,341 shares of the technology company’s stock worth $222,000 after buying an additional 4,893 shares during the period. Empowered Funds LLC raised its stake in shares of Universal Electronics by 8.4% in the first quarter. Empowered Funds LLC now owns 48,816 shares of the technology company’s stock valued at $299,000 after acquiring an additional 3,802 shares in the last quarter. Kent Lake PR LLC grew its position 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 buying an additional 185,014 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Universal Electronics by 23.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 875,458 shares of the technology company’s stock valued at $5,796,000 after purchasing an additional 164,617 shares during 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.