Ubiquiti (NYSE:UI) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Ubiquiti (NYSE:UI) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

A number of other research firms also recently issued reports on UI. Weiss Ratings reissued a “hold (c+)” rating on shares of Ubiquiti in a research report on Monday, December 29th. Zacks Research raised shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. Barclays raised their price objective on Ubiquiti from $455.00 to $527.00 and gave the stock an “underweight” rating in a research note on Friday, February 6th. Finally, BWS Financial restated a “buy” rating and issued a $720.00 target price on shares of Ubiquiti in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Ubiquiti currently has an average rating of “Moderate Buy” and a consensus target price of $615.67.

Ubiquiti Price Performance

UI opened at $724.08 on Friday. Ubiquiti has a 12 month low of $255.00 and a 12 month high of $803.59. The business has a 50 day simple moving average of $595.82 and a 200-day simple moving average of $602.08. The stock has a market capitalization of $43.82 billion, a P/E ratio of 49.32 and a beta of 1.40.

Ubiquiti (NYSE:UI) last released its quarterly earnings data on Friday, February 6th. The company reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.80. Ubiquiti had a return on equity of 113.21% and a net margin of 29.90%.The firm had revenue of $814.87 million during the quarter, compared to the consensus estimate of $716.95 million. During the same period last year, the business posted $2.28 EPS. Ubiquiti’s quarterly revenue was up 35.8% on a year-over-year basis. Research analysts anticipate that Ubiquiti will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

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

Institutional Investors Weigh In On Ubiquiti

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC lifted its holdings in shares of Ubiquiti by 73,940.4% during the fourth quarter. Corient Private Wealth LLC now owns 1,113,568 shares of the company’s stock worth $616,193,000 after buying an additional 1,112,064 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Ubiquiti by 244.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 155,916 shares of the company’s stock worth $88,815,000 after buying an additional 110,632 shares in the last quarter. M&T Bank Corp raised its position in Ubiquiti by 7,845.7% in the 4th quarter. M&T Bank Corp now owns 98,527 shares of the company’s stock valued at $54,520,000 after purchasing an additional 97,287 shares during the last quarter. Long Walk Management LP bought a new position in shares of Ubiquiti in the second quarter valued at about $28,480,000. Finally, Capital World Investors lifted its position in shares of Ubiquiti by 315.9% during the third quarter. Capital World Investors now owns 86,086 shares of the company’s stock worth $56,867,000 after purchasing an additional 65,386 shares in the last quarter. 4.00% of the stock is currently owned by institutional investors and hedge funds.

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.