O Neil Global Advisors Inc. Makes New Investment in Ubiquiti Inc. $UI

O Neil Global Advisors Inc. purchased a new stake in shares of Ubiquiti Inc. (NYSE:UI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,286 shares of the company’s stock, valued at approximately $850,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its position in Ubiquiti by 24.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 111,216 shares of the company’s stock worth $45,782,000 after purchasing an additional 21,547 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of 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 acquiring an additional 30,420 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Ubiquiti by 10.8% during the third quarter. Vanguard Group Inc. now owns 95,561 shares of the company’s stock valued at $63,126,000 after acquiring an additional 9,282 shares during the period. Long Walk Management LP boosted its holdings in Ubiquiti by 22.0% in the third quarter. Long Walk Management LP now owns 84,400 shares of the company’s stock valued at $55,753,000 after acquiring an additional 15,215 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Ubiquiti by 4.6% in 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. Institutional investors and hedge funds own 4.00% of the company’s stock.

Ubiquiti Stock Performance

Shares of NYSE:UI opened at $750.16 on Monday. The company has a 50 day moving average price of $592.42 and a two-hundred day moving average price of $600.22. The company has a market capitalization of $45.40 billion, a PE ratio of 51.10 and a beta of 1.40. Ubiquiti Inc. has a 52 week low of $255.00 and a 52 week high of $803.59.

Ubiquiti (NYSE:UI) last announced its quarterly earnings results on Friday, February 6th. The company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.80. Ubiquiti had a net margin of 29.90% and a return on equity of 113.21%. The company had revenue of $814.87 million during the quarter, compared to analyst estimates of $716.95 million. During the same quarter in the previous year, the business earned $2.28 EPS. The firm’s revenue was up 35.8% on a year-over-year basis. On average, sell-side analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current 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 paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, February 17th. Ubiquiti’s payout ratio is presently 21.80%.

Analysts Set New Price Targets

UI has been the topic of a number of research reports. BWS Financial restated a “buy” rating and set a $720.00 target price on shares of Ubiquiti in a research report on Monday, February 9th. Wall Street Zen downgraded shares of Ubiquiti from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ubiquiti in a research note on Monday, December 29th. Zacks Research raised shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Finally, Barclays increased their price target on Ubiquiti from $455.00 to $527.00 and gave the company an “underweight” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $615.67.

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.