Private Advisory Group LLC Sells 755 Shares of Ubiquiti Inc. $UI

Private Advisory Group LLC lowered its holdings in Ubiquiti Inc. (NYSE:UI) by 29.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,772 shares of the company’s stock after selling 755 shares during the quarter. Private Advisory Group LLC’s holdings in Ubiquiti were worth $1,171,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Exchange Traded Concepts LLC lifted its stake in shares of Ubiquiti by 31.0% in the third quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock valued at $50,000 after buying an additional 18 shares in the last quarter. Cullen Frost Bankers Inc. boosted 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 valued at $39,000 after purchasing an additional 86 shares during the last quarter. Westside Investment Management Inc. increased its holdings in Ubiquiti by 100.0% during the 3rd 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. SBI Securities Co. Ltd. raised its stake in shares of Ubiquiti by 200.0% in the second quarter. SBI Securities Co. Ltd. now owns 165 shares of the company’s stock worth $68,000 after purchasing an additional 110 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Ubiquiti in the third quarter worth approximately $163,000. Institutional investors own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on UI shares. Barclays lifted their target price 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 reaffirmed a “buy” rating and set a $720.00 price objective on shares of Ubiquiti in a report on Monday, February 9th. Wall Street Zen downgraded shares of Ubiquiti from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ubiquiti in a report on Monday, December 29th. Finally, Zacks Research upgraded shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Ubiquiti currently has an average rating of “Moderate Buy” and a consensus target price of $615.67.

Ubiquiti Stock Performance

UI opened at $750.16 on Monday. Ubiquiti Inc. has a fifty-two week low of $255.00 and a fifty-two week high of $803.59. The firm has a 50-day moving average of $592.42 and a 200 day moving average of $600.22. The firm has a market cap of $45.40 billion, a P/E ratio of 51.10 and a beta of 1.40.

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

Ubiquiti Announces Dividend

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

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.