Ubiquiti Inc. $UI Shares Acquired by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services increased its stake in Ubiquiti by 244.3%, acquiring an additional 110,632 shares to hold 155,916 shares (about 0.26% of the company) valued at roughly $88.8 million.
• Ubiquiti reported a strong quarter, beating estimates with EPS $3.88 vs. $3.08 and revenue of $814.9M (up 35.8% year-over-year), alongside a 29.9% net margin and 113.2% ROE.
• The stock trades near $766.68 with a $46.4B market cap and a P/E of 52.23, pays a $0.80 quarterly dividend (0.4% yield), and carries a consensus analyst rating of "Moderate Buy" with an average target of $615.67.

Wealth Enhancement Advisory Services LLC grew its holdings in Ubiquiti Inc. (NYSE:UI - Free Report) by 244.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 155,916 shares of the company's stock after acquiring an additional 110,632 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.26% of Ubiquiti worth $88,815,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Goldman Sachs Group Inc. boosted its holdings in Ubiquiti by 33.8% in the first quarter. Goldman Sachs Group Inc. now owns 33,836 shares of the company's stock valued at $10,494,000 after purchasing an additional 8,551 shares in the last quarter. Woodline Partners LP raised its holdings in Ubiquiti by 22.1% during the first quarter. Woodline Partners LP now owns 1,214 shares of the company's stock worth $377,000 after purchasing an additional 220 shares in the last quarter. Jane Street Group LLC raised its holdings in Ubiquiti by 12.9% during the first quarter. Jane Street Group LLC now owns 13,768 shares of the company's stock worth $4,270,000 after purchasing an additional 1,570 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Ubiquiti by 4.6% during the 2nd quarter. Geode Capital Management LLC now owns 70,152 shares of the company's stock worth $28,886,000 after buying an additional 3,094 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Ubiquiti by 208.6% in the 2nd quarter. SG Americas Securities LLC now owns 1,617 shares of the company's stock valued at $666,000 after buying an additional 1,093 shares in the last quarter. Institutional investors and hedge funds own 4.00% of the company's stock.

Ubiquiti Price Performance

UI stock opened at $766.68 on Monday. The company has a fifty day moving average price of $674.82 and a 200 day moving average price of $641.42. Ubiquiti Inc. has a 12 month low of $255.00 and a 12 month high of $810.00. The company has a market cap of $46.40 billion, a price-to-earnings ratio of 52.23 and a beta of 1.32.

Ubiquiti (NYSE:UI - Get Free Report) last issued its quarterly earnings data on Friday, February 6th. The company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.80. The company had revenue of $814.87 million for the quarter, compared to the consensus estimate of $716.95 million. Ubiquiti had a net margin of 29.90% and a return on equity of 113.21%. Ubiquiti's revenue for the quarter was up 35.8% on a year-over-year basis. During the same period last year, the firm posted $2.28 EPS. As a group, analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Tuesday, February 17th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.4%. The ex-dividend date was Tuesday, February 17th. Ubiquiti's payout ratio is 21.80%.

Analyst Ratings Changes

A number of research firms recently commented on UI. BWS Financial reaffirmed a "buy" rating and issued a $720.00 target price on shares of Ubiquiti in a research report on Monday, February 9th. Barclays boosted their price target on shares of Ubiquiti from $455.00 to $527.00 and gave the company an "underweight" rating in a research report on Friday, February 6th. Zacks Research raised Ubiquiti from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 3rd. Weiss Ratings reiterated a "hold (c+)" rating on shares of Ubiquiti in a research report on Monday, December 29th. Finally, Wall Street Zen raised Ubiquiti from a "hold" rating to a "buy" rating in a report on Sunday, March 1st. One research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $615.67.

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.

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