Norges Bank Makes New $28.53 Million Investment in Ubiquiti Inc. $UI

Norges Bank bought a new position in shares of Ubiquiti Inc. (NYSE:UI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 51,554 shares of the company’s stock, valued at approximately $28,527,000.

Several other large investors also recently bought and sold shares of UI. Goldman Sachs Group Inc. grew 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 purchasing an additional 8,551 shares during the last quarter. Woodline Partners LP grew its position in 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 last quarter. Jane Street Group LLC grew its position in 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 last quarter. Cetera Investment Advisers purchased a new stake in Ubiquiti during the 2nd quarter worth approximately $312,000. Finally, Legal & General Group Plc grew its position in 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 last quarter. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Weiss Ratings cut shares of Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Wall Street Zen cut shares of Ubiquiti from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Barclays lifted their price objective on shares of Ubiquiti from $527.00 to $672.00 and gave the company an “underweight” rating in a research note on Monday, May 11th. BWS Financial restated a “buy” rating and set a $980.00 price objective on shares of Ubiquiti in a research note on Monday, May 11th. Finally, Zacks Research cut shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $750.67.

Ubiquiti Stock Down 1.5%

Ubiquiti stock opened at $564.23 on Wednesday. Ubiquiti Inc. has a 52-week low of $368.42 and a 52-week high of $1,099.99. The firm has a market capitalization of $34.15 billion, a price-to-earnings ratio of 36.26 and a beta of 1.29. The company has a fifty day simple moving average of $797.57 and a 200-day simple moving average of $693.89.

Ubiquiti (NYSE:UI) last released its 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 return on equity of 95.62% and a net margin of 30.43%.The business had revenue of $788.20 million for the quarter, compared to analysts’ expectations of $814.30 million. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. On average, research analysts anticipate that Ubiquiti Inc. will post 14.82 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 18th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.6%. Ubiquiti’s dividend payout ratio is presently 20.57%.

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.