Key Points
- Toro 18 Holdings sold 105,541 Universal Electronics shares at an average price of $4.63, generating approximately $488,655. After the sale, it retained 1,101,832 shares; the transaction followed several additional sales in recent weeks.
- Universal Electronics shares rose 3.5% to open at $4.78, with the stock trading near its 50-day average and carrying a market capitalization of roughly $61.6 million.
- The company reported quarterly EPS of $0.34, well above the $0.03 consensus estimate, but revenue of $73.24 million missed expectations. It also declared a special dividend of $0.24 per share, while analysts maintained a consensus “Reduce” rating and a $4.25 price target.
Universal Electronics Inc. (NASDAQ:UEIC - Get Free Report) insider Toro 18 Holdings Llc sold 24,459 shares of Universal Electronics stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $4.66, for a total value of $113,978.94. Following the transaction, the insider directly owned 1,207,373 shares of the company's stock, valued at $5,626,358.18. This trade represents a 1.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Toro 18 Holdings Llc also recently made the following trade(s):
- On Friday, September 11th, Toro 18 Holdings Llc sold 105,541 shares of Universal Electronics stock. The shares were sold at an average price of $4.63, for a total transaction of $488,654.83.
- On Thursday, September 3rd, Toro 18 Holdings Llc sold 3,900 shares of Universal Electronics stock. The stock was sold at an average price of $4.55, for a total transaction of $17,745.00.
- 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 transaction of $193,707.59.
- On Wednesday, August 19th, Toro 18 Holdings Llc sold 8,300 shares of Universal Electronics stock. The shares were 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 transaction 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 Performance
UEIC stock opened at $4.78 on Friday. Universal Electronics Inc. has a 1 year low of $2.69 and a 1 year high of $5.99. The stock's 50 day moving average price is $4.74 and its 200 day moving average price is $4.34. The firm has a market cap of $61.61 million, a P/E ratio of -4.12 and a beta of 1.18.
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 the consensus estimate of $0.03 by $0.31. The company had revenue of $73.24 million during the quarter, compared to the consensus estimate 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 Announces Dividend
The business also recently disclosed a special dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, August 24th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, August 24th.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Wall Street Zen raised shares of Universal Electronics to a "buy" rating in a research note on Saturday. Weiss Ratings raised shares of Universal Electronics from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, June 23rd. Finally, Rosenblatt Securities reissued a "neutral" rating and issued a $5.00 price objective on shares of Universal Electronics in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Universal Electronics currently has a consensus rating of "Reduce" and an average price target of $4.25.
Check Out Our Latest Research Report on UEIC
Institutional Trading of Universal Electronics
A number of institutional investors have recently modified their holdings of UEIC. NewEdge Advisors LLC acquired a new stake in Universal Electronics during the 3rd quarter worth approximately $64,000. GSA Capital Partners LLP purchased a new stake in Universal Electronics during the second quarter worth approximately $83,000. Quadrature Capital Ltd grew its stake in Universal Electronics by 47.6% during 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. Hsbc Holdings PLC acquired a new stake in shares of Universal Electronics in the second quarter worth $108,000. Finally, XTX Topco Ltd increased its position in shares of Universal Electronics by 41.5% in the fourth quarter. XTX Topco Ltd now owns 36,175 shares of the technology company's stock worth $131,000 after acquiring an additional 10,604 shares in the last quarter. Hedge funds and other institutional investors own 79.35% of the company's stock.
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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