North Dakota State Investment Board Invests $754,000 in Ubiquiti Inc. $UI

North Dakota State Investment Board bought a new position in Ubiquiti Inc. (NYSE:UI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,363 shares of the company’s stock, valued at approximately $754,000.

Several other hedge funds and other institutional investors also recently modified their holdings of UI. Wealth Enhancement Advisory Services LLC increased its position in shares of Ubiquiti by 244.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 155,916 shares of the company’s stock worth $88,815,000 after purchasing an additional 110,632 shares during the last quarter. M&T Bank Corp grew its position in shares of Ubiquiti by 7,845.7% during the 4th quarter. M&T Bank Corp now owns 98,527 shares of the company’s stock valued at $54,520,000 after buying an additional 97,287 shares during the last quarter. Capital World Investors grew its position in shares of Ubiquiti by 315.9% during the 3rd quarter. Capital World Investors now owns 86,086 shares of the company’s stock valued at $56,867,000 after buying an additional 65,386 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Ubiquiti by 47.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 163,960 shares of the company’s stock valued at $108,309,000 after buying an additional 52,744 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its position in shares of Ubiquiti by 380.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 53,158 shares of the company’s stock valued at $21,882,000 after buying an additional 42,092 shares during the last quarter. Institutional investors own 4.00% of the company’s stock.

Ubiquiti Price Performance

UI stock opened at $599.05 on Thursday. Ubiquiti Inc. has a 12 month low of $368.42 and a 12 month high of $1,099.99. The firm has a 50 day simple moving average of $852.74 and a 200 day simple moving average of $698.98. The firm has a market cap of $36.25 billion, a PE ratio of 38.50 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 firm had revenue of $788.20 million for the quarter, compared to analyst estimates of $814.30 million. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. As a group, sell-side analysts expect that Ubiquiti Inc. will post 14.04 earnings per share for the current year.

Ubiquiti Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UI. Zacks Research lowered shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. BWS Financial reaffirmed a “buy” rating and issued a $980.00 price target on shares of Ubiquiti in a research note on Monday, May 11th. Weiss Ratings raised shares of Ubiquiti from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, May 14th. Barclays upped their price target 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. Finally, Wall Street Zen lowered shares of Ubiquiti from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $750.67.

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.