BlackRock Inc. Buys Shares of 390,037 Universal Electronics Inc. $UEIC

Key Points

• BlackRock acquired 390,037 shares of Universal Electronics, worth approximately $1.86 million, giving it a 3.09% stake. Institutional investors now own 79.35% of UEIC.
• Universal Electronics reported quarterly EPS of $0.34, well above the $0.03 consensus estimate, though revenue of $73.24 million missed expectations and the company posted a 4.57% negative net margin.
• The company announced a $0.24 special dividend, while analysts maintain a cautious outlook: UEIC has a consensus “Reduce” rating and a $4.25 target price; shares recently opened at $4.71.

BlackRock Inc. acquired a new position in Universal Electronics Inc. (NASDAQ:UEIC - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 390,037 shares of the technology company's stock, valued at approximately $1,860,000. BlackRock Inc. owned 3.09% of Universal Electronics at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in UEIC. NewEdge Advisors LLC purchased a new stake in shares of Universal Electronics in the third quarter worth $64,000. GSA Capital Partners LLP purchased a new position in shares of Universal Electronics during the 2nd quarter worth about $83,000. Quadrature Capital Ltd increased its stake in Universal Electronics by 47.6% in the fourth quarter. Quadrature Capital Ltd now owns 24,957 shares of the technology company's stock worth $90,000 after purchasing an additional 8,044 shares during the period. XTX Topco Ltd increased its position in shares of Universal Electronics by 41.5% during the fourth quarter. XTX Topco Ltd now owns 36,175 shares of the technology company's stock worth $131,000 after acquiring an additional 10,604 shares during the period. Finally, Prelude Capital Management LLC lifted its holdings in shares of Universal Electronics by 88.7% in the 3rd quarter. Prelude Capital Management LLC now owns 29,161 shares of the technology company's stock worth $136,000 after buying an additional 13,705 shares during the period. 79.35% of the stock is currently owned by institutional investors.

Insider Transactions at Universal Electronics

In related news, major shareholder Toro 18 Holdings Llc sold 200,000 shares of the firm's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $5.22, for a total value of $1,044,000.00. Following the completion of the transaction, the insider owned 1,344,647 shares in the company, valued at $7,019,057.34. This trade represents a 12.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders sold 312,815 shares of company stock valued at $1,598,671. Company insiders own 17.10% of the company's stock.

Universal Electronics Stock Performance

Shares of NASDAQ UEIC opened at $4.71 on Monday. Universal Electronics Inc. has a fifty-two week low of $2.69 and a fifty-two week high of $5.99. The company has a market cap of $60.71 million, a PE ratio of -4.06 and a beta of 1.18. The business has a 50-day simple moving average of $4.74 and a two-hundred day simple moving average of $4.33.

Universal Electronics (NASDAQ:UEIC - Get Free Report) last released its earnings results 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 company had revenue of $73.24 million during the quarter, compared to analysts' expectations of $78.13 million. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Universal Electronics Dividend Announcement

The company also recently announced a special dividend, which will be paid on Thursday, October 15th. Investors 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 Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wall Street Zen lowered Universal Electronics from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of Universal Electronics from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, June 23rd. Finally, Rosenblatt Securities restated a "neutral" rating and issued a $5.00 price target on shares of Universal Electronics in a report on Friday, August 7th. Two 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 stock currently has a consensus rating of "Reduce" and a consensus target price 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.

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