Universal Electronics (NASDAQ:UEIC) Major Shareholder Toro 18 Holdings Llc Sells 15,000 Shares

by · The Cerbat Gem

Universal Electronics Inc. (NASDAQ:UEIC – Get Free Report) major shareholder Toro 18 Holdings Llc sold 15,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $4.95, for a total value of $74,250.00. Following the completion of the transaction, the insider directly owned 1,286,051 shares in the company, valued at $6,365,952.45. The trade was a 1.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases 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 value of $40,089.00.
  • 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 value of $1,044,000.00.

Universal Electronics Trading Down 0.2%

Shares of UEIC stock traded down $0.01 on Wednesday, hitting $4.81. 46,070 shares of the stock were exchanged, compared to its average volume of 88,557. The firm has a market capitalization of $62.00 million, a P/E ratio of -4.15 and a beta of 1.19. The business has a 50-day moving average of $4.63 and a 200 day moving average of $4.28. Universal Electronics Inc. has a fifty-two week low of $2.69 and a fifty-two week high of $5.99.

Universal Electronics (NASDAQ:UEIC – Get Free Report) last announced 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 analyst estimates of $78.13 million. Universal Electronics had a positive return on equity of 2.70% and a negative net margin of 4.57%.Universal Electronics has set its FY 2026 guidance at 0.450-0.650 EPS.

Universal Electronics Dividend Announcement

The firm also recently disclosed 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 hedge funds and other institutional investors have recently bought and sold shares of the business. Man Group plc grew its stake in Universal Electronics by 2.9% during the fourth quarter. Man Group plc now owns 102,924 shares of the technology company’s stock worth $372,000 after buying an additional 2,905 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Universal Electronics by 1.4% during the first quarter. Renaissance Technologies LLC now owns 215,723 shares of the technology company’s stock worth $889,000 after buying an additional 3,071 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Universal Electronics by 4.7% in the 1st quarter. Empowered Funds LLC now owns 69,266 shares of the technology company’s stock valued at $285,000 after acquiring an additional 3,088 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of Universal Electronics by 3.3% during the 2nd quarter. Bridgeway Capital Management LLC now owns 131,164 shares of the technology company’s stock valued at $868,000 after acquiring an additional 4,143 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Universal Electronics by 15.6% during the first quarter. Goldman Sachs Group Inc. now owns 36,341 shares of the technology company’s stock worth $222,000 after purchasing an additional 4,893 shares during the last quarter. Institutional investors own 79.35% of the company’s stock.

Analysts Set New Price Targets

UEIC has been the topic of several analyst reports. Wall Street Zen cut shares of Universal Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings raised Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $5.00 price target on shares of Universal Electronics in a research report on Friday, August 7th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $4.25.

View Our Latest Stock Analysis on Universal Electronics

About Universal Electronics

(Get Free Report)

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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