Diversify Wealth Management LLC Takes Position in Ubiquiti Inc. $UI

Diversify Wealth Management LLC acquired a new stake in shares of Ubiquiti Inc. (NYSE:UI) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 2,750 shares of the company’s stock, valued at approximately $2,173,000.

A number of other large investors also recently bought and sold shares of UI. Wealthspire Advisors LLC boosted its position in Ubiquiti by 3.3% during the 4th quarter. Wealthspire Advisors LLC now owns 506 shares of the company’s stock valued at $280,000 after acquiring an additional 16 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of Ubiquiti by 3.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 659 shares of the company’s stock valued at $365,000 after acquiring an additional 19 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Ubiquiti by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,574 shares of the company’s stock valued at $1,700,000 after acquiring an additional 20 shares during the period. Blue Trust Inc. raised its position in shares of Ubiquiti by 87.5% in the 4th quarter. Blue Trust Inc. now owns 45 shares of the company’s stock worth $25,000 after acquiring an additional 21 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its position in shares of Ubiquiti by 2.0% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,046 shares of the company’s stock worth $579,000 after acquiring an additional 21 shares in the last quarter. Institutional investors own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on UI. Barclays raised their price objective on Ubiquiti from $527.00 to $672.00 and gave the company an “underweight” rating in a research report on Monday, May 11th. BWS Financial reiterated a “buy” rating and issued a $980.00 target price on shares of Ubiquiti in a report on Wednesday, July 8th. Wall Street Zen lowered shares of Ubiquiti from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings cut shares of Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Finally, Zacks Research downgraded shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $750.67.

Ubiquiti Trading Down 2.0%

Shares of UI opened at $539.79 on Tuesday. Ubiquiti Inc. has a 12 month low of $380.00 and a 12 month high of $1,099.99. The stock has a fifty day moving average price of $609.68 and a 200-day moving average price of $691.78. The firm has a market cap of $32.67 billion, a PE ratio of 34.69 and a beta of 1.31.

Ubiquiti (NYSE:UI) last announced its earnings results on Friday, May 8th. The company reported $3.88 earnings per share for the quarter, missing the consensus estimate 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 business’s revenue for the quarter was up 18.7% on a year-over-year basis. As a group, research analysts forecast that Ubiquiti Inc. will post 14.82 EPS for the current year.

Ubiquiti Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 18th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, May 18th. Ubiquiti’s dividend payout ratio (DPR) is presently 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.