Universal Electronics (NASDAQ:UEIC) Insider Toro 18 Holdings Llc Sells 3,900 Shares of Stock

Key Points

• Toro 18 Holdings sold 3,900 UEIC shares for $17,745 at an average price of $4.55, retaining 1,231,832 shares. Including recent transactions, the insider has sold 312,815 shares worth approximately $1.60 million.
• Universal Electronics shares rose 3.7% to $4.71, while the company reported quarterly EPS of $0.34—beating estimates of $0.03—despite revenue of $73.24 million falling short of expectations.
• The company declared a $0.24 special dividend payable October 15, while analysts maintain a “Reduce” consensus rating with a $4.25 target price.

Universal Electronics Inc. (NASDAQ:UEIC - Get Free Report) insider Toro 18 Holdings Llc sold 3,900 shares of the firm's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $4.55, for a total value of $17,745.00. Following the sale, the insider owned 1,231,832 shares of the company's stock, valued at $5,604,835.60. This represents a 0.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, September 2nd, Toro 18 Holdings Llc sold 42,019 shares of Universal Electronics stock. The stock was sold at an average price of $4.61, for a total value of $193,707.59.
• 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 shares were 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 shares were 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 Stock Up 3.7%

Shares of UEIC traded up $0.17 during 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 company has a market cap of $60.71 million, a price-to-earnings ratio of -4.06 and a beta of 1.18. The company has a fifty day moving average of $4.74 and a two-hundred 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.

Universal Electronics (NASDAQ:UEIC - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.31. The business had revenue of $73.24 million during the quarter, compared to the consensus estimate 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 announced a special dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, August 24th will be given a $0.24 dividend. The ex-dividend date of this dividend is Monday, August 24th.

Hedge Funds Weigh In On Universal Electronics

A number of large investors have recently bought and sold shares of UEIC. Man Group plc acquired a new stake in shares of Universal Electronics during the 2nd quarter worth approximately $241,000. Hsbc Holdings PLC acquired a new position in Universal Electronics during the 2nd quarter valued at approximately $108,000. BlackRock Inc. bought a new position in Universal Electronics during the 2nd quarter worth $1,860,000. XTX Topco Ltd grew its stake in Universal Electronics by 41.5% during the 4th quarter. XTX Topco Ltd now owns 36,175 shares of the technology company's stock worth $131,000 after buying an additional 10,604 shares during the last quarter. Finally, Quadrature Capital Ltd increased its position 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 buying an additional 8,044 shares during the period. Institutional investors own 79.35% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Weiss Ratings upgraded Universal Electronics from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, June 23rd. Wall Street Zen downgraded Universal Electronics from a "buy" rating to a "hold" rating in a report on Saturday, May 16th. Finally, Rosenblatt Securities reiterated 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 issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $4.25.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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