Navellier & Associates Inc. Makes New $6.19 Million Investment in Ubiquiti Inc. $UI

Navellier & Associates Inc. bought a new position in shares of Ubiquiti Inc. (NYSE:UI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,369 shares of the company’s stock, valued at approximately $6,189,000.

A number of other institutional investors have also recently modified their holdings of the business. Cullen Frost Bankers Inc. lifted its holdings in Ubiquiti by 1,075.0% in the second quarter. Cullen Frost Bankers Inc. now owns 94 shares of the company’s stock valued at $39,000 after acquiring an additional 86 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of Ubiquiti by 31.0% in the third quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock valued at $50,000 after purchasing an additional 18 shares during the period. SBI Securities Co. Ltd. lifted its stake in shares of Ubiquiti by 200.0% in the second quarter. SBI Securities Co. Ltd. now owns 165 shares of the company’s stock valued at $68,000 after purchasing an additional 110 shares during the period. Westside Investment Management Inc. grew its position in Ubiquiti by 100.0% during the third quarter. Westside Investment Management Inc. now owns 102 shares of the company’s stock worth $69,000 after buying an additional 51 shares during the period. Finally, Financial Perspectives Inc increased its holdings in Ubiquiti by 21.9% in the second quarter. Financial Perspectives Inc now owns 206 shares of the company’s stock valued at $85,000 after buying an additional 37 shares in the last quarter. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Ubiquiti Trading Up 14.4%

Shares of NYSE UI opened at $711.97 on Tuesday. Ubiquiti Inc. has a 12-month low of $255.00 and a 12-month high of $803.59. The company has a market cap of $43.07 billion, a P/E ratio of 48.50 and a beta of 1.40. The stock has a fifty day moving average price of $566.75 and a 200 day moving average price of $582.86.

Ubiquiti (NYSE:UI) last released its quarterly earnings results on Friday, February 6th. The company reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.80. Ubiquiti had a return on equity of 129.52% and a net margin of 29.90%.The firm had revenue of $814.87 million during the quarter, compared to analysts’ expectations of $716.95 million. During the same quarter in the prior year, the business earned $2.28 EPS. Ubiquiti’s quarterly revenue was up 35.8% compared to the same quarter last year. On average, sell-side analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, February 17th. Ubiquiti’s dividend payout ratio (DPR) is 21.80%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on UI. Wall Street Zen raised Ubiquiti from a “hold” rating to a “buy” rating in a research note on Saturday. BWS Financial reiterated a “buy” rating and issued a $720.00 price target on shares of Ubiquiti in a research report on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of Ubiquiti in a research report on Monday, December 29th. Barclays increased their target price on Ubiquiti from $455.00 to $527.00 and gave the company an “underweight” rating in a report on Friday. Finally, Zacks Research upgraded Ubiquiti from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $615.67.

Insider Buying and Selling at Ubiquiti

In related news, CAO Kevin Radigan sold 350 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $576.58, for a total value of $201,803.00. Following the sale, the chief accounting officer directly owned 2,768 shares of the company’s stock, valued at $1,595,973.44. This represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 93.10% of the company’s stock.

Ubiquiti Company Profile

Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi‑Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well‑known lines—most notably UniFi for managed LAN/Wi‑Fi and networked video, AmpliFi for consumer Wi‑Fi, and product families targeting service‑provider and point‑to‑point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud‑enabled control as core features of its platform approach.