Impact Partnership Wealth LLC Purchases New Shares in Ubiquiti Inc. $UI

Impact Partnership Wealth LLC purchased a new stake in Ubiquiti Inc. (NYSE:UIFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,206 shares of the company’s stock, valued at approximately $1,221,000.

Several other large investors have also added to or reduced their stakes in the stock. Cherry Tree Wealth Management LLC boosted its holdings in Ubiquiti by 50.0% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 75 shares of the company’s stock valued at $42,000 after acquiring an additional 25 shares in the last quarter. Norges Bank bought a new stake in Ubiquiti in the fourth quarter valued at $28,527,000. Eurizon Capital SGR S.p.A. bought a new stake in Ubiquiti in the fourth quarter valued at $502,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Ubiquiti by 48.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,789 shares of the company’s stock valued at $1,544,000 after acquiring an additional 912 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Ubiquiti by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 73,092 shares of the company’s stock valued at $40,458,000 after acquiring an additional 1,696 shares in the last quarter. Institutional investors own 4.00% of the company’s stock.

Ubiquiti Price Performance

UI opened at $582.22 on Friday. The stock has a 50-day moving average price of $829.09 and a 200-day moving average price of $692.22. The firm has a market cap of $35.24 billion, a PE ratio of 37.42 and a beta of 1.46. Ubiquiti Inc. has a 1 year low of $368.42 and a 1 year high of $1,099.99.

Ubiquiti (NYSE:UIGet Free Report) last posted its quarterly earnings results on Friday, May 8th. The company reported $3.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.41). The company had revenue of $788.20 million during the quarter, compared to analysts’ expectations of $814.30 million. Ubiquiti had a return on equity of 95.62% and a net margin of 30.43%.The firm’s revenue was up 18.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Ubiquiti Inc. will post 14.04 EPS for the current year.

Ubiquiti Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 18th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, May 18th. Ubiquiti’s payout ratio is currently 20.57%.

Analyst Upgrades and Downgrades

Several brokerages have commented on UI. Zacks Research lowered Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. BWS Financial reissued a “buy” rating and set a $980.00 price objective on shares of Ubiquiti in a research report on Monday, May 11th. Weiss Ratings raised Ubiquiti from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, May 14th. Barclays raised their price objective on Ubiquiti from $527.00 to $672.00 and gave the company an “underweight” rating in a research report on Monday, May 11th. Finally, Wall Street Zen lowered Ubiquiti from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $750.67.

Check Out Our Latest Analysis on UI

Ubiquiti Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Ubiquiti (NYSE:UI)

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