WBI Investments LLC Acquires Shares of 670 Ubiquiti Inc. $UI

WBI Investments LLC bought a new position in shares of Ubiquiti Inc. (NYSE:UI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 670 shares of the company’s stock, valued at approximately $442,000.

A number of other hedge funds have also modified their holdings of UI. Goldman Sachs Group Inc. boosted its position in Ubiquiti by 33.8% during the first quarter. Goldman Sachs Group Inc. now owns 33,836 shares of the company’s stock worth $10,494,000 after acquiring an additional 8,551 shares during the last quarter. Woodline Partners LP raised its holdings in Ubiquiti by 22.1% in the 1st quarter. Woodline Partners LP now owns 1,214 shares of the company’s stock valued at $377,000 after acquiring an additional 220 shares during the last quarter. Jane Street Group LLC raised its holdings in Ubiquiti by 12.9% in the 1st quarter. Jane Street Group LLC now owns 13,768 shares of the company’s stock valued at $4,270,000 after acquiring an additional 1,570 shares during the last quarter. Geode Capital Management LLC lifted its stake in Ubiquiti by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 70,152 shares of the company’s stock worth $28,886,000 after purchasing an additional 3,094 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Ubiquiti by 208.6% during the 2nd quarter. SG Americas Securities LLC now owns 1,617 shares of the company’s stock worth $666,000 after purchasing an additional 1,093 shares during the last quarter. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UI has been the subject of a number of analyst reports. Barclays upped their price target on Ubiquiti from $455.00 to $527.00 and gave the company an “underweight” rating in a research report on Friday, February 6th. BWS Financial reissued a “buy” rating and set a $720.00 price objective on shares of Ubiquiti in a research note on Monday, February 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Ubiquiti in a report on Monday, December 29th. Wall Street Zen upgraded Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Finally, Zacks Research raised shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $615.67.

Ubiquiti Stock Performance

UI opened at $782.78 on Thursday. Ubiquiti Inc. has a one year low of $255.00 and a one year high of $810.00. The stock has a market capitalization of $47.37 billion, a PE ratio of 53.32 and a beta of 1.33. The business’s 50 day moving average price is $665.74 and its 200 day moving average price is $637.21.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, February 6th. The company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.80. Ubiquiti had a return on equity of 113.21% and a net margin of 29.90%.The company had revenue of $814.87 million for the quarter, compared to the consensus estimate of $716.95 million. During the same quarter in the previous year, the business earned $2.28 earnings per share. The company’s revenue for the quarter was up 35.8% on a year-over-year basis. As a group, equities research analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Tuesday, February 17th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.4%. The ex-dividend date was Tuesday, February 17th. Ubiquiti’s payout ratio is 21.80%.

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.