UBS Group AG Trims Position in Ubiquiti Inc. $UI

UBS Group AG cut its holdings in shares of Ubiquiti Inc. (NYSE:UI) by 48.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,379 shares of the company’s stock after selling 16,476 shares during the quarter. UBS Group AG’s holdings in Ubiquiti were worth $9,617,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of UI. Goldman Sachs Group Inc. raised its position in Ubiquiti by 33.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 33,836 shares of the company’s stock worth $10,494,000 after buying an additional 8,551 shares during the last quarter. Woodline Partners LP grew its stake in shares of Ubiquiti by 22.1% during the 1st quarter. Woodline Partners LP now owns 1,214 shares of the company’s stock worth $377,000 after purchasing an additional 220 shares during the period. Jane Street Group LLC grew its stake in shares of Ubiquiti by 12.9% during the 1st quarter. Jane Street Group LLC now owns 13,768 shares of the company’s stock worth $4,270,000 after purchasing an additional 1,570 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Ubiquiti during the 2nd quarter worth approximately $312,000. Finally, Legal & General Group Plc grew its stake in shares of Ubiquiti by 23.2% during the 2nd quarter. Legal & General Group Plc now owns 792 shares of the company’s stock worth $326,000 after purchasing an additional 149 shares during the period. 4.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UI has been the topic of a number of analyst reports. Zacks Research cut shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Barclays raised their price objective on shares of Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a research note on Monday, May 11th. Wall Street Zen cut shares of Ubiquiti from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings raised shares of Ubiquiti from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Finally, BWS Financial reaffirmed a “buy” rating and set a $980.00 price objective on shares of Ubiquiti in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $750.67.

Ubiquiti Stock Performance

Ubiquiti stock opened at $624.13 on Friday. The company’s fifty day moving average price is $862.64 and its 200 day moving average price is $702.96. Ubiquiti Inc. has a 1 year low of $368.42 and a 1 year high of $1,099.99. The stock has a market capitalization of $37.77 billion, a P/E ratio of 40.11 and a beta of 1.46.

Ubiquiti (NYSE:UI) last released its quarterly earnings results on Friday, May 8th. The company reported $3.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.41). Ubiquiti had a net margin of 30.43% and a return on equity of 95.62%. The company had revenue of $788.20 million during the quarter, compared to analyst estimates of $814.30 million. Ubiquiti’s quarterly revenue was up 18.7% on a year-over-year basis. Sell-side analysts predict that Ubiquiti Inc. will post 14.04 EPS for the current year.

Ubiquiti Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Monday, May 18th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $3.20 dividend on an annualized basis and a yield of 0.5%. Ubiquiti’s dividend payout ratio (DPR) is currently 20.57%.

Ubiquiti 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.