One Wealth Advisors LLC Purchases Shares of 531 Ubiquiti Inc. $UI

Key Points

• One Wealth Advisors LLC acquired 531 shares of Ubiquiti Inc., valued at approximately $219,000, during the second quarter.
• Ubiquiti's stock has received varied price target updates from analysts, with Barclays setting a target of $299 and BWS Financial raising it to $600.
• The company recently announced a quarterly dividend increase from $0.60 to $0.80 per share, representing a 0.5% yield.

One Wealth Advisors LLC purchased a new position in Ubiquiti Inc. (NYSE:UI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 531 shares of the company's stock, valued at approximately $219,000.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in Ubiquiti in the 1st quarter worth $25,000. Brooklyn Investment Group raised its stake in shares of Ubiquiti by 78.8% in the first quarter. Brooklyn Investment Group now owns 93 shares of the company's stock worth $29,000 after purchasing an additional 41 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Ubiquiti by 484.2% in the first quarter. Versant Capital Management Inc now owns 111 shares of the company's stock worth $34,000 after purchasing an additional 92 shares during the last quarter. Main Street Group LTD acquired a new stake in shares of Ubiquiti during the second quarter worth about $41,000. Finally, GAMMA Investing LLC boosted its position in Ubiquiti by 20.5% in the second quarter. GAMMA Investing LLC now owns 159 shares of the company's stock valued at $65,000 after buying an additional 27 shares during the last quarter. 4.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on UI shares. Barclays raised their price target on shares of Ubiquiti from $247.00 to $299.00 and gave the stock an "underweight" rating in a research report on Friday, August 22nd. UBS Group set a $600.00 target price on Ubiquiti in a research note on Monday, August 25th. Finally, BWS Financial lifted their price target on Ubiquiti from $440.00 to $600.00 and gave the company a "buy" rating in a research report on Monday, August 25th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Ubiquiti presently has an average rating of "Hold" and a consensus target price of $499.67.

Ubiquiti Stock Up 0.2%

UI opened at $659.44 on Wednesday. The firm's fifty day simple moving average is $523.35 and its two-hundred day simple moving average is $421.05. Ubiquiti Inc. has a 52-week low of $215.62 and a 52-week high of $676.25. The company has a market cap of $39.89 billion, a price-to-earnings ratio of 56.03 and a beta of 1.42.

Ubiquiti (NYSE:UI - Get Free Report) last issued its quarterly earnings results on Friday, August 22nd. The company reported $3.54 earnings per share for the quarter, beating analysts' consensus estimates of $2.23 by $1.31. Ubiquiti had a net margin of 27.66% and a return on equity of 166.22%. The firm had revenue of $759.15 million for the quarter, compared to analyst estimates of $618.80 million. During the same period last year, the company posted $1.74 EPS. On average, research analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Tuesday, September 2nd were given a dividend of $0.80 per share. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Ubiquiti's previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a dividend yield of 0.5%. Ubiquiti's dividend payout ratio (DPR) is presently 27.19%.

Ubiquiti Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.

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