Oppenheimer & Co. Inc. Reduces Position in Ubiquiti Inc. $UI

Oppenheimer & Co. Inc. lowered its stake in Ubiquiti Inc. (NYSE:UI) by 5.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in UI. Arrowstreet Capital Limited Partnership lifted its position in Ubiquiti by 24.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 111,216 shares of the company’s stock worth $45,782,000 after acquiring an additional 21,547 shares during the period. Pacer Advisors Inc. raised its stake in shares of Ubiquiti by 40.3% in 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 during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Ubiquiti by 4.6% during the second quarter. Geode Capital Management LLC now owns 70,152 shares of the company’s stock worth $28,886,000 after purchasing an additional 3,094 shares during the period. Long Walk Management LP purchased a new stake in Ubiquiti in the second quarter valued at approximately $28,480,000. Finally, Qube Research & Technologies Ltd increased its holdings in Ubiquiti by 380.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 53,158 shares of the company’s stock worth $21,882,000 after buying an additional 42,092 shares during the period. 4.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Ubiquiti news, CAO Kevin Radigan sold 350 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $576.58, for a total transaction of $201,803.00. Following the transaction, the chief accounting officer directly owned 2,768 shares in the company, valued at $1,595,973.44. This represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 93.10% of the company’s stock.

Ubiquiti Price Performance

Shares of UI stock opened at $711.97 on Tuesday. The company has a market capitalization of $43.07 billion, a PE ratio of 48.50 and a beta of 1.40. The firm’s 50-day moving average is $566.75 and its two-hundred day moving average is $582.86. Ubiquiti Inc. has a 12 month low of $255.00 and a 12 month high of $803.59.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, February 6th. The company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.80. Ubiquiti had a return on equity of 129.52% and a net margin of 29.90%.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 firm earned $2.28 earnings per share. The firm’s quarterly revenue was up 35.8% compared to the same quarter last year. Sell-side analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.4%. Ubiquiti’s dividend payout ratio (DPR) is currently 21.80%.

Wall Street Analysts Forecast Growth

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

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.