NorthCrest Asset Manangement LLC Raises Position in Ubiquiti Inc. $UI

NorthCrest Asset Manangement LLC lifted its stake in shares of Ubiquiti Inc. (NYSE:UI) by 159.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,908 shares of the company’s stock after buying an additional 1,174 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Ubiquiti were worth $1,077,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cherry Tree Wealth Management LLC purchased a new position in Ubiquiti in the 3rd quarter worth approximately $33,000. Quarry LP purchased a new stake in shares of Ubiquiti during the third quarter valued at approximately $34,000. Exchange Traded Concepts LLC raised its stake in shares of Ubiquiti by 31.0% during the third quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock valued at $50,000 after purchasing an additional 18 shares during the period. Westside Investment Management Inc. lifted its position in shares of Ubiquiti by 100.0% during the third quarter. Westside Investment Management Inc. now owns 102 shares of the company’s stock worth $69,000 after purchasing an additional 51 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Ubiquiti by 31.5% in the third quarter. EverSource Wealth Advisors LLC now owns 142 shares of the company’s stock valued at $94,000 after purchasing an additional 34 shares during the period. 4.00% of the stock is owned by institutional investors and hedge funds.

Ubiquiti Stock Performance

Shares of UI stock opened at $834.55 on Wednesday. Ubiquiti Inc. has a one year low of $255.00 and a one year high of $842.00. The company’s 50-day simple moving average is $684.35 and its 200-day simple moving average is $644.95. The stock has a market capitalization of $50.51 billion, a price-to-earnings ratio of 56.85 and a beta of 1.33.

Ubiquiti (NYSE:UI) last posted its quarterly earnings results on Friday, February 6th. The company reported $3.88 EPS for the quarter, topping 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 business had revenue of $814.87 million during the quarter, compared to the consensus estimate of $716.95 million. During the same period last year, the firm earned $2.28 earnings per share. The company’s revenue for the quarter was up 35.8% compared to the same quarter last year. As a group, research analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 23rd. Stockholders of record on Tuesday, February 17th were given a $0.80 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $3.20 annualized dividend and a dividend yield of 0.4%. Ubiquiti’s dividend payout ratio (DPR) is presently 21.80%.

Wall Street Analysts Forecast Growth

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

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.