Ubiquiti Inc. $UI Shares Bought by Capital World Investors

Capital World Investors grew its holdings in shares of Ubiquiti Inc. (NYSE:UI) by 315.9% in the third quarter, Holdings Channel reports. The institutional investor owned 86,086 shares of the company’s stock after purchasing an additional 65,386 shares during the period. Capital World Investors’ holdings in Ubiquiti were worth $56,867,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in UI. Long Walk Management LP acquired a new stake in shares of Ubiquiti during the 2nd quarter worth about $28,480,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Ubiquiti by 1,709.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 45,284 shares of the company’s stock valued at $30,423,000 after purchasing an additional 42,781 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in Ubiquiti by 380.4% in the second quarter. Qube Research & Technologies Ltd now owns 53,158 shares of the company’s stock valued at $21,882,000 after purchasing an additional 42,092 shares during the last quarter. Rhumbline Advisers increased its stake in Ubiquiti by 856.8% in the second quarter. Rhumbline Advisers now owns 42,787 shares of the company’s stock valued at $17,613,000 after purchasing an additional 38,315 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Ubiquiti by 40.3% during the third quarter. Pacer Advisors Inc. now owns 105,858 shares of the company’s stock worth $69,928,000 after purchasing an additional 30,420 shares in the last quarter. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on UI shares. Zacks Research upgraded shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. BWS Financial reiterated a “buy” rating and set a $720.00 price target on shares of Ubiquiti in a research note on Monday, February 9th. Wall Street Zen raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Barclays raised their price objective on Ubiquiti from $455.00 to $527.00 and gave the stock an “underweight” rating in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Ubiquiti in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $615.67.

Ubiquiti Stock Down 2.1%

Shares of Ubiquiti stock opened at $750.14 on Friday. The firm has a market cap of $45.40 billion, a price-to-earnings ratio of 51.10 and a beta of 1.33. Ubiquiti Inc. has a 52-week low of $255.00 and a 52-week high of $803.59. The company’s 50-day simple moving average is $648.98 and its 200-day simple moving average is $629.60.

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

Ubiquiti Announces Dividend

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

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.