Ubiquiti Inc. $UI Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its holdings in shares of Ubiquiti Inc. (NYSE:UI) by 5.2% during the 3rd quarter, Holdings Channel reports. The firm owned 15,269 shares of the company’s stock after selling 831 shares during the period. Oppenheimer & Co. Inc.’s holdings in Ubiquiti were worth $10,086,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. increased its stake in Ubiquiti by 1,075.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 94 shares of the company’s stock worth $39,000 after buying an additional 86 shares during the period. Exchange Traded Concepts LLC raised its position in Ubiquiti by 31.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock valued at $50,000 after purchasing an additional 18 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Ubiquiti by 200.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 165 shares of the company’s stock valued at $68,000 after buying an additional 110 shares during the period. Westside Investment Management Inc. increased its position in shares of Ubiquiti by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 102 shares of the company’s stock valued at $69,000 after purchasing an additional 51 shares during the last quarter. Finally, Financial Perspectives Inc raised its holdings in shares of Ubiquiti by 21.9% in the 2nd quarter. Financial Perspectives Inc now owns 206 shares of the company’s stock valued at $85,000 after purchasing an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Insider Activity

In other news, CAO Kevin Radigan sold 350 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $576.58, for a total value of $201,803.00. Following the completion of the sale, the chief accounting officer directly owned 2,768 shares of the company’s stock, valued at $1,595,973.44. This trade represents a 11.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 93.10% of the company’s stock.

Ubiquiti Price Performance

NYSE:UI opened at $711.97 on Tuesday. The firm has a market cap of $43.07 billion, a price-to-earnings ratio of 48.50 and a beta of 1.40. The firm’s fifty day moving average price is $566.75 and its 200 day moving average price is $582.86. Ubiquiti Inc. has a 1-year low of $255.00 and a 1-year high of $803.59.

Ubiquiti (NYSE:UI) last released its earnings results on Friday, February 6th. The company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.08 by $0.80. Ubiquiti had a net margin of 29.90% and a return on equity of 129.52%. The company had revenue of $814.87 million during the quarter, compared to analysts’ expectations of $716.95 million. During the same quarter last year, the business earned $2.28 EPS. The business’s revenue was up 35.8% on a year-over-year basis. As a group, analysts expect that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.80 per share. The ex-dividend date is Tuesday, February 17th. This represents a $3.20 annualized dividend and a yield of 0.4%. Ubiquiti’s payout ratio is presently 21.80%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Barclays increased their target price on Ubiquiti from $455.00 to $527.00 and gave the company an “underweight” rating in a report on Friday. Zacks Research upgraded Ubiquiti from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Ubiquiti in a research note on Monday, December 29th. BWS Financial reaffirmed a “buy” rating and issued a $720.00 price target on shares of Ubiquiti in a report on Monday. Finally, Wall Street Zen raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ubiquiti presently has a consensus rating of “Moderate Buy” and a consensus price target of $615.67.

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.