Alps Advisors Inc. Takes Position in Ubiquiti Inc. $UI

Alps Advisors Inc. bought a new position in Ubiquiti Inc. (NYSE:UI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 750 shares of the company’s stock, valued at approximately $495,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC boosted its holdings in Ubiquiti by 31.0% in the third quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock valued at $50,000 after purchasing an additional 18 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in Ubiquiti by 1,075.0% during the 2nd 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 last quarter. Westside Investment Management Inc. grew its holdings in shares of Ubiquiti by 100.0% during the third quarter. Westside Investment Management Inc. now owns 102 shares of the company’s stock worth $69,000 after buying an additional 51 shares in the last quarter. SBI Securities Co. Ltd. raised its position in shares of Ubiquiti by 200.0% in the second 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. Finally, Financial Perspectives Inc lifted its stake in shares of Ubiquiti by 21.9% in the second quarter. Financial Perspectives Inc now owns 206 shares of the company’s stock worth $85,000 after buying an additional 37 shares in the last quarter. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed 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 target price on shares of Ubiquiti in a research note on Monday. Wall Street Zen upgraded shares of Ubiquiti from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Zacks Research upgraded 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 shares of Ubiquiti from $455.00 to $527.00 and gave the stock an “underweight” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $615.67.

Ubiquiti Stock Down 1.3%

Ubiquiti stock opened at $704.05 on Friday. Ubiquiti Inc. has a 52-week low of $255.00 and a 52-week high of $803.59. The firm has a fifty day moving average of $575.71 and a 200-day moving average of $586.51. The firm has a market capitalization of $42.61 billion, a P/E ratio of 47.96 and a beta of 1.40.

Ubiquiti (NYSE:UI) last issued its quarterly earnings data on Friday, February 6th. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.80. The firm had revenue of $814.87 million for the quarter, compared to analyst estimates of $716.95 million. Ubiquiti had a net margin of 29.90% and a return on equity of 113.21%. The firm’s revenue was up 35.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.28 EPS. On average, research analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 23rd. Investors of record on Tuesday, February 17th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, February 17th. Ubiquiti’s dividend payout ratio (DPR) is 21.80%.

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.