Ubiquiti Inc. $UI Position Increased by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in Ubiquiti Inc. (NYSE:UI) by 112.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,138 shares of the company’s stock after purchasing an additional 2,191 shares during the period. Hsbc Holdings PLC’s holdings in Ubiquiti were worth $2,290,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in UI. Blue Trust Inc. lifted its position in shares of Ubiquiti by 87.5% in the 4th quarter. Blue Trust Inc. now owns 45 shares of the company’s stock valued at $25,000 after acquiring an additional 21 shares in the last quarter. Cherry Tree Wealth Management LLC purchased a new position in Ubiquiti during the 3rd quarter worth approximately $33,000. Quarry LP acquired a new stake in Ubiquiti during the 3rd quarter valued at $34,000. CIBC Private Wealth Group LLC lifted its holdings in shares of Ubiquiti by 238.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company’s stock valued at $39,000 after purchasing an additional 50 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of Ubiquiti by 216.0% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79 shares of the company’s stock valued at $44,000 after purchasing an additional 54 shares in the last quarter. 4.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Weiss Ratings downgraded Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Wall Street Zen downgraded Ubiquiti from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Zacks Research lowered Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. BWS Financial reaffirmed a “buy” rating and set a $980.00 target price on shares of Ubiquiti in a research note on Monday, May 11th. Finally, Barclays upped their target price on Ubiquiti from $527.00 to $672.00 and gave the company an “underweight” rating in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $750.67.

Ubiquiti Trading Up 2.9%

Shares of NYSE:UI opened at $541.54 on Tuesday. The firm has a market cap of $32.77 billion, a price-to-earnings ratio of 34.80 and a beta of 1.30. Ubiquiti Inc. has a 1 year low of $380.00 and a 1 year high of $1,099.99. The business has a fifty day simple moving average of $707.30 and a 200 day simple moving average of $693.88.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, May 8th. The company reported $3.88 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.41). Ubiquiti had a net margin of 30.43% and a return on equity of 95.62%. The firm had revenue of $788.20 million during the quarter, compared to analysts’ expectations of $814.30 million. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. On average, sell-side analysts forecast that Ubiquiti Inc. will post 14.82 EPS for the current year.

Ubiquiti Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 18th were paid a $0.80 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $3.20 annualized dividend and a dividend yield of 0.6%. Ubiquiti’s payout ratio is presently 20.57%.

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.