Toro 18 Holdings LLC sells $602k in Universal Electronics shares

Toro 18 Holdings LLC recently divested its stake in Universal Electronics Inc. (NASDAQ:UEIC) by selling approximately $602,774 worth of common stock shares. The transactions occurred on September 10 and September 11, 2026. On September 10, Toro 18 Holdings LLC sold 24,459 shares at a weighted average price of $4.6649, ranging from $4.62 to $4.78 per share.

The following day, another 105,541 shares were sold at a weighted average price of $4.6302, with prices from $4.60 to $4.685 per share. The stock is currently trading at $4.79, having achieved a 37.5% return over the past six months and a 39.5% gain year-to-date. Following the sales, Toro 18 Holdings LLC, along with partners Immersion Corporation and William C. Martin, collectively ceased to hold over 10% of the issuer's outstanding common stock, thereby eliminating the need for Form 4 filing.

However, Eric Singer, who serves on Universal Electronics’ board of directors, is required to continue filing as previously. InvestingPro analysis suggests the stock is undervalued at current levels. In other news, Universal Electronics Inc. reported a strong second-quarter 2026 earnings, with adjusted earnings per share of $0.34, significantly exceeding the estimated $0.07.

However, revenue fell short of expectations, amounting to $73.2 million compared to the forecasted $78.13 million, representing a 25% decline from the previous year.