Toro 18 Holdings LLC sells $602k in Universal Electronics shares By Investing.com

Toro 18 Holdings LLC, a part of a group that previously held a significant stake in Universal Electronics Inc. (), recently sold common stock totaling approximately $602,774. These transactions took place on September 10 and September 11, 2026.

On September 10, Toro 18 Holdings LLC disposed of 24,459 shares of Universal Electronics common stock. The shares were sold at a weighted average price of $4.6649, with individual sale prices ranging from $4.62 to $4.78. The following day, September 11, an additional 105,541 shares were sold at a weighted average price of $4.6302, with prices for these sales ranging from $4.60 to $4.685. The stock currently trades at $4.79 and has delivered a 37.5% return over the past six months, with year-to-date gains of 39.5%.

Toro 18 Holdings LLC is part of a reporting group that includes Immersion Corporation, William C. Martin, and Eric Singer. Eric Singer also serves on Universal Electronics’ board of directors. Following these sales, the reporting persons collectively ceased to beneficially own over 10% of the issuer’s outstanding common stock. As a result, Toro 18 Holdings LLC, Immersion Corporation, and William C. Martin will no longer be required to file Form 4 reports, while Mr. Singer will continue to file as required. According to InvestingPro analysis, the stock appears undervalued at current levels, with comprehensive metrics and insights available for subscribers.

In other recent news, Universal Electronics Inc. reported its second-quarter 2026 financial results, revealing a significant earnings beat. The company posted adjusted earnings of $0.34 per share, surpassing Wall Street’s estimate of $0.07. However, revenue fell short of expectations, totaling $73.2 million compared to the consensus forecast of $78.13 million, marking a 25% decline from the previous year. Despite the revenue shortfall, investors seemed to focus on the profit rebound and cost-cutting measures, alongside the company’s reaffirmed full-year outlook. These developments are part of the latest updates concerning Universal Electronics, which have drawn attention from analysts and investors alike.

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