Insider Selling: Universal Electronics (NASDAQ:UEIC) Major Shareholder Sells 43,596 Shares

Key Points

• Toro 18 Holdings sold 43,596 Universal Electronics shares at an average of $5.25, reducing its position by 3.24% to 1.30 million shares. The shareholder also reported additional sales totaling 223,300 shares in August.
• UEIC shares recently traded near $4.81, while the company reported quarterly EPS of $0.34—well above the $0.03 consensus estimate—despite revenue of $73.24 million falling short of expectations.
• Universal Electronics announced a $0.24 special dividend payable October 15 to shareholders of record August 24. Analysts maintain a consensus “Reduce” rating with a $4.25 price target.

Universal Electronics Inc. (NASDAQ:UEIC - Get Free Report) major shareholder Toro 18 Holdings Llc sold 43,596 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $5.25, for a total transaction of $228,879.00. Following the completion of the transaction, the insider directly owned 1,301,051 shares of the company's stock, valued at $6,830,517.75. This trade represents a 3.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company's shares 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 transaction of $40,089.00.
• On Tuesday, August 18th, Toro 18 Holdings Llc sold 15,000 shares of Universal Electronics stock. The shares were 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 Stock Performance

Shares of UEIC stock traded down $0.01 during trading hours on Wednesday, hitting $4.81. The company had a trading volume of 46,070 shares, compared to its average volume of 88,557. Universal Electronics Inc. has a 12 month low of $2.69 and a 12 month high of $5.99. The firm's fifty day moving average is $4.63 and its 200 day moving average is $4.28. The firm has a market capitalization of $62.00 million, a price-to-earnings ratio of -4.15 and a beta of 1.19.

Universal Electronics (NASDAQ:UEIC - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.03 by $0.31. Universal Electronics had a positive return on equity of 2.70% and a negative net margin of 4.57%.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 company also recently announced a special dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, August 24th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, August 24th.

Hedge Funds Weigh In On Universal Electronics

Institutional investors have recently modified their holdings of the stock. Kent Lake PR LLC raised its position in shares of Universal Electronics by 17.2% in 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 acquiring an additional 185,014 shares during the period. Ameriprise Financial Inc. boosted its stake in Universal Electronics by 23.2% during the 2nd 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. Peapod Lane Capital LLC grew its holdings in Universal Electronics by 56.5% during the fourth quarter. Peapod Lane Capital LLC now owns 455,543 shares of the technology company's stock valued at $1,645,000 after purchasing an additional 164,379 shares during the period. BlackRock Inc. acquired a new position in Universal Electronics during the second quarter valued at approximately $1,860,000. Finally, First Eagle Investment Management LLC increased its stake in Universal Electronics by 44.3% in the fourth quarter. First Eagle Investment Management LLC now owns 240,148 shares of the technology company's stock valued at $867,000 after purchasing an additional 73,712 shares in the last quarter. 79.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Rosenblatt Securities reaffirmed a "neutral" rating and set a $5.00 price objective on shares of Universal Electronics in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Universal Electronics from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, June 23rd. Finally, Wall Street Zen downgraded shares of Universal Electronics from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus 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.

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