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

Key Points

• Toro 18 Holdings sold 42,019 Universal Electronics shares at an average price of $4.61, reducing its position by 3.29% to 1,235,732 shares. The insider has also made several additional sales recently, including 200,000 shares on August 10.
• UEIC shares recently traded at $4.71, with a market capitalization of approximately $60.7 million. The company beat quarterly EPS expectations, reporting $0.34 versus the $0.03 consensus, but revenue fell short of estimates.
• Universal Electronics declared a special $0.24-per-share dividend, while analysts maintain a cautious outlook: the stock has an average “Reduce” rating and a $4.25 target price.

Universal Electronics Inc. (NASDAQ:UEIC - Get Free Report) insider Toro 18 Holdings Llc sold 42,019 shares of the firm's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $4.61, for a total value of $193,707.59. Following the sale, the insider directly owned 1,235,732 shares of the company's stock, valued at $5,696,724.52. This represents a 3.29% decrease in their position. 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 shares were 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 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 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 value 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 value of $1,044,000.00.

Universal Electronics Price Performance

Shares of UEIC traded up $0.17 during mid-day trading on Friday, hitting $4.71. The stock had a trading volume of 49,026 shares, compared to its average volume of 58,383. Universal Electronics Inc. has a 52 week low of $2.69 and a 52 week high of $5.99. The business has a fifty day moving average price of $4.74 and a 200-day moving average price of $4.32. The firm has a market cap of $60.71 million, a P/E ratio of -4.06 and a beta of 1.18.

Universal Electronics (NASDAQ:UEIC - Get Free Report) last issued 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. The business had revenue of $73.24 million for the quarter, compared to analysts' expectations of $78.13 million. Universal Electronics had a negative net margin of 4.57% and a positive return on equity of 2.70%. Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Universal Electronics Announces Dividend

The business also recently disclosed 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 is Monday, August 24th.

Analyst Ratings Changes

A number of research analysts have recently commented on UEIC shares. Rosenblatt Securities restated a "neutral" rating and issued a $5.00 target price 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 note on Tuesday, June 23rd. Finally, Wall Street Zen lowered Universal Electronics from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average target price of $4.25.

Institutional Trading of Universal Electronics

Institutional investors have recently modified their holdings of the company. Empowered Funds LLC acquired a new stake in Universal Electronics in the second quarter valued at approximately $349,000. Man Group plc acquired a new stake in shares of Universal Electronics in the 2nd quarter worth $241,000. Hsbc Holdings PLC purchased a new stake in Universal Electronics in the second quarter valued at about $108,000. BlackRock Inc. purchased a new stake in shares of Universal Electronics during the second quarter worth about $1,860,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Universal Electronics during the second quarter valued at about $83,000. 79.35% of the stock is currently owned by institutional investors.

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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