Navellier & Associates Inc. Makes New Investment in Ubiquiti Inc. $UI

Navellier & Associates Inc. bought a new position in Ubiquiti Inc. (NYSE:UI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 9,369 shares of the company’s stock, valued at approximately $6,189,000.

Several other institutional investors and hedge funds have also made changes to their positions in UI. Cullen Frost Bankers Inc. boosted its holdings in Ubiquiti by 1,075.0% in the second quarter. Cullen Frost Bankers Inc. now owns 94 shares of the company’s stock worth $39,000 after purchasing an additional 86 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of 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 buying an additional 18 shares during the period. SBI Securities Co. Ltd. grew its position in shares of Ubiquiti by 200.0% during 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 last quarter. Westside Investment Management Inc. lifted its holdings in Ubiquiti by 100.0% in the third quarter. Westside Investment Management Inc. now owns 102 shares of the company’s stock worth $69,000 after acquiring an additional 51 shares during the last quarter. Finally, Financial Perspectives Inc boosted its stake in Ubiquiti by 21.9% in the second quarter. Financial Perspectives Inc now owns 206 shares of the company’s stock valued at $85,000 after acquiring an additional 37 shares during the period. 4.00% of the stock is owned by institutional investors and hedge funds.

Ubiquiti Price Performance

NYSE UI opened at $711.97 on Tuesday. The company has a market capitalization of $43.07 billion, a P/E ratio of 48.50 and a beta of 1.40. Ubiquiti Inc. has a 12 month low of $255.00 and a 12 month high of $803.59. The company’s 50 day simple moving average is $566.75 and its 200 day simple moving average is $582.86.

Ubiquiti (NYSE:UI) last released its quarterly earnings data on Friday, February 6th. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.80. The business had revenue of $814.87 million during the quarter, compared to analyst estimates of $716.95 million. Ubiquiti had a return on equity of 129.52% and a net margin of 29.90%.The company’s revenue was up 35.8% compared to the same quarter last year. During the same period last year, the company posted $2.28 EPS. On average, analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Dividend Announcement

The business also recently declared 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 of this dividend is Tuesday, February 17th. This represents a $3.20 dividend on an annualized basis and a yield of 0.4%. Ubiquiti’s dividend payout ratio (DPR) is currently 21.80%.

Wall Street Analyst Weigh In

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

Insider Transactions at Ubiquiti

In other Ubiquiti news, CAO Kevin Radigan sold 350 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $576.58, for a total transaction 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 approximately $1,595,973.44. This represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 93.10% of the company’s stock.

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.