Universal Electronics Inc. (NASDAQ:UEIC – Get Free Report) major shareholder Toro 18 Holdings Llc sold 200,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider owned 1,344,647 shares in the company, valued at approximately $7,019,057.34. This trade represents a 12.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Universal Electronics Stock Up 1.6%
Shares of NASDAQ UEIC opened at $5.88 on Thursday. Universal Electronics Inc. has a fifty-two week low of $2.69 and a fifty-two week high of $5.99. The business has a 50 day moving average price of $4.52 and a two-hundred day moving average price of $4.25. The firm has a market cap of $75.76 million, a PE ratio of -5.07 and a beta of 1.19.
Universal Electronics (NASDAQ:UEIC – Get Free Report) last released its earnings results on Thursday, August 6th. The technology company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.03 by $0.31. The company had revenue of $73.24 million during the quarter, compared to analysts’ expectations 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
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on UEIC. Weiss Ratings raised shares of Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Rosenblatt Securities reissued a “neutral” rating and issued a $5.00 price objective on shares of Universal Electronics in a report on Friday, August 7th. Finally, Wall Street Zen cut Universal Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Two equities 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 company currently has an average rating of “Reduce” and an average target price of $4.25.
Check Out Our Latest Stock Analysis on Universal Electronics
Hedge Funds Weigh In On Universal Electronics
A number of hedge funds have recently added to or reduced their stakes in UEIC. NewEdge Advisors LLC acquired a new stake in shares of Universal Electronics during the third quarter worth $64,000. GSA Capital Partners LLP acquired a new position in shares of Universal Electronics in the 2nd quarter valued at about $83,000. Quadrature Capital Ltd grew its position in shares of Universal Electronics by 47.6% during the 4th quarter. Quadrature Capital Ltd now owns 24,957 shares of the technology company’s stock valued at $90,000 after buying an additional 8,044 shares during the last quarter. XTX Topco Ltd grew its position in shares of Universal Electronics by 41.5% during the 4th quarter. XTX Topco Ltd now owns 36,175 shares of the technology company’s stock valued at $131,000 after buying an additional 10,604 shares during the last quarter. Finally, Prelude Capital Management LLC raised its stake in Universal Electronics by 88.7% during the third quarter. Prelude Capital Management LLC now owns 29,161 shares of the technology company’s stock worth $136,000 after acquiring an additional 13,705 shares during the period. Institutional investors and hedge funds own 79.35% of the company’s stock.
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.
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