Key Points
- Major shareholder Toro 18 Holdings sold 200,000 UEIC shares at an average price of $5.22, generating $1.044 million and reducing its stake by 12.95% to 1,344,647 shares.
- Universal Electronics reported quarterly EPS of $0.34, beating the $0.03 consensus estimate, but revenue of $73.24 million fell short of the $78.13 million forecast. The company issued FY 2026 EPS guidance of $0.45–$0.65.
- The company declared a special dividend of $0.24 per share, payable October 15 to shareholders of record August 24. Analysts maintain a cautious outlook, with an average “Reduce” rating and a $4.25 consensus price target.
Universal Electronics Inc. (NASDAQ:UEIC - Get Free Report) major shareholder Toro 18 Holdings Llc sold 200,000 shares of the stock in a transaction that occurred 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 sale, the insider owned 1,344,647 shares in the company, valued at $7,019,057.34. The trade was a 12.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Universal Electronics Price Performance
NASDAQ:UEIC opened at $5.88 on Thursday. Universal Electronics Inc. has a 12-month low of $2.69 and a 12-month high of $5.99. The firm has a market capitalization of $75.76 million, a P/E ratio of -5.07 and a beta of 1.19. The business has a 50 day simple moving average of $4.52 and a 200 day simple moving average of $4.25.
Universal Electronics (NASDAQ:UEIC - Get Free Report) last issued its quarterly earnings data 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 positive return on equity of 2.70% and a negative net margin of 4.57%.The firm had revenue of $73.24 million during the quarter, compared to the consensus estimate 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 declared a special dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, August 24th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, August 24th.
Institutional Trading of Universal Electronics
Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Universal Electronics during the 2nd quarter worth $1,860,000. GSA Capital Partners LLP bought a new position in shares of Universal Electronics in the second quarter worth $83,000. Marquette Asset Management LLC acquired a new position in shares of Universal Electronics during the second quarter valued at $303,000. Empowered Funds LLC increased its holdings in shares of Universal Electronics by 4.7% during the first quarter. Empowered Funds LLC now owns 69,266 shares of the technology company's stock valued at $285,000 after purchasing an additional 3,088 shares during the period. Finally, Renaissance Technologies LLC raised 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 valued at $889,000 after purchasing an additional 3,071 shares in the last quarter. Institutional investors own 79.35% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on UEIC shares. Weiss Ratings raised shares of Universal Electronics from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, June 23rd. Wall Street Zen lowered shares of Universal Electronics from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Finally, Rosenblatt Securities restated a "neutral" rating and issued a $5.00 target price on shares of Universal Electronics in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $4.25.
Read Our Latest 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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