Summitry LLC Takes $1.37 Million Position in Ubiquiti Inc. $UI

Summitry LLC bought a new stake in Ubiquiti Inc. (NYSE:UI) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,736 shares of the company’s stock, valued at approximately $1,372,000.

A number of other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in Ubiquiti by 87.5% in the 4th quarter. Blue Trust Inc. now owns 45 shares of the company’s stock worth $25,000 after buying an additional 21 shares in the last quarter. Vision Retirement LLC purchased a new position in Ubiquiti in the 1st quarter valued at about $25,000. Quarry LP acquired a new stake in shares of Ubiquiti during the third quarter valued at about $34,000. CIBC Private Wealth Group LLC increased its position in shares of Ubiquiti by 238.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company’s stock worth $39,000 after acquiring an additional 50 shares during the last quarter. Finally, Cherry Tree Wealth Management LLC increased its position in shares of Ubiquiti by 50.0% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 75 shares of the company’s stock worth $42,000 after acquiring an additional 25 shares during the last quarter. 4.00% of the stock is owned by institutional investors and hedge funds.

Ubiquiti Stock Performance

Shares of Ubiquiti stock opened at $557.67 on Friday. The firm has a market cap of $33.75 billion, a PE ratio of 35.84 and a beta of 1.31. The firm’s 50-day simple moving average is $556.27 and its 200-day simple moving average is $688.39. Ubiquiti Inc. has a 1 year low of $380.00 and a 1 year high of $1,099.99.

Ubiquiti (NYSE:UI) last posted its quarterly earnings results on Friday, May 8th. The company reported $3.88 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.41). The firm had revenue of $788.20 million during the quarter, compared to analyst estimates of $814.30 million. Ubiquiti had a return on equity of 95.62% and a net margin of 30.43%.The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. On average, equities analysts predict that Ubiquiti Inc. will post 14.82 earnings per share for the current year.

Ubiquiti Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on UI shares. Zacks Research upgraded Ubiquiti from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Weiss Ratings lowered Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Barclays lifted their price objective on Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a report on Monday, May 11th. BWS Financial reaffirmed a “buy” rating and issued a $980.00 target price on shares of Ubiquiti in a research report on Wednesday, July 8th. Finally, Wall Street Zen cut Ubiquiti from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $750.67.

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.