Navellier & Associates Inc. Boosts Stake in Ubiquiti Inc. $UI

Navellier & Associates Inc. lifted its holdings in Ubiquiti Inc. (NYSE:UI) by 108.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,576 shares of the company’s stock after purchasing an additional 10,207 shares during the quarter. Ubiquiti comprises 1.2% of Navellier & Associates Inc.’s investment portfolio, making the stock its 20th biggest holding. Navellier & Associates Inc.’s holdings in Ubiquiti were worth $10,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its stake in shares of Ubiquiti by 7.1% in the third quarter. PNC Financial Services Group Inc. now owns 256 shares of the company’s stock valued at $169,000 after buying an additional 17 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Ubiquiti by 3.0% in the fourth quarter. Stratos Wealth Partners LTD. now owns 659 shares of the company’s stock valued at $365,000 after buying an additional 19 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Ubiquiti by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,574 shares of the company’s stock valued at $1,700,000 after buying an additional 20 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Ubiquiti by 87.5% in the fourth quarter. Blue Trust Inc. now owns 45 shares of the company’s stock valued at $25,000 after buying an additional 21 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Ubiquiti by 1.5% in the third quarter. US Bancorp DE now owns 1,582 shares of the company’s stock valued at $1,045,000 after buying an additional 23 shares in the last quarter. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on UI shares. Barclays lifted their price target on Ubiquiti from $455.00 to $527.00 and gave the company an “underweight” rating in a research note on Friday, February 6th. Wall Street Zen downgraded Ubiquiti from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. BWS Financial boosted their target price on Ubiquiti from $720.00 to $980.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Weiss Ratings upgraded Ubiquiti from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. Finally, Zacks Research downgraded Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Ubiquiti has a consensus rating of “Hold” and a consensus price target of $702.33.

Ubiquiti Stock Up 1.2%

Shares of NYSE:UI opened at $1,016.29 on Wednesday. Ubiquiti Inc. has a 52-week low of $337.05 and a 52-week high of $1,099.99. The stock’s fifty day simple moving average is $861.23 and its 200-day simple moving average is $700.19. The company has a market capitalization of $61.51 billion, a P/E ratio of 69.23 and a beta of 1.46.

Ubiquiti (NYSE:UI) last issued its quarterly earnings data on Friday, February 6th. The company reported $3.88 earnings per share (EPS) 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 business had revenue of $814.87 million for the quarter, compared to the consensus estimate of $716.95 million. During the same period in the prior year, the business earned $2.28 earnings per share. The business’s revenue was up 35.8% on a year-over-year basis. On average, sell-side analysts anticipate that Ubiquiti Inc. will post 14.04 earnings per share for the current year.

Ubiquiti Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Tuesday, February 17th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.3%. The ex-dividend date was Tuesday, February 17th. Ubiquiti’s dividend payout ratio is presently 21.80%.

About Ubiquiti

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.