Ubiquiti Inc. $UI Shares Bought by Navellier & Associates Inc.

Key Points

• Navellier & Associates raised its stake in Ubiquiti by 108.9% in Q4 to 19,576 shares worth about $10.83 million, representing 1.2% of its portfolio and the firm's 20th-largest holding.
• Ubiquiti beat estimates with Q results of $3.88 EPS vs. $3.08 expected and revenue of $814.87M vs. $716.95M, with revenue up 35.8% year-over-year and strong margins (ROE 113.2%, net margin 29.9%).
• Analyst sentiment is mixed: the consensus rating is "Hold" with a price target of $702.33, though some firms raised targets (BWS to $980) while others, like Barclays, maintain an underweight view.

Navellier & Associates Inc. raised its stake in Ubiquiti Inc. (NYSE:UI - Free Report) by 108.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,576 shares of the company's stock after purchasing an additional 10,207 shares during the period. Ubiquiti comprises 1.2% of Navellier & Associates Inc.'s investment portfolio, making the stock its 20th biggest position. Navellier & Associates Inc.'s holdings in Ubiquiti were worth $10,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of UI. Blue Trust Inc. raised its position in shares of Ubiquiti by 87.5% during the 4th quarter. Blue Trust Inc. now owns 45 shares of the company's stock worth $25,000 after acquiring an additional 21 shares in the last quarter. Cherry Tree Wealth Management LLC acquired a new position in Ubiquiti during the third quarter worth approximately $33,000. Quarry LP acquired a new position in Ubiquiti during the third quarter worth approximately $34,000. Westside Investment Management Inc. increased its position in 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 during the period. Finally, Flagship Harbor Advisors LLC acquired a new position in Ubiquiti during the fourth quarter worth approximately $65,000. Institutional investors and hedge funds own 4.00% of the company's stock.

Ubiquiti Trading Up 1.2%

NYSE:UI opened at $1,016.29 on Wednesday. The firm has a market cap of $61.51 billion, a P/E ratio of 69.23 and a beta of 1.46. The stock's 50 day simple moving average is $861.23 and its 200-day simple moving average is $700.19. Ubiquiti Inc. has a 12-month low of $337.05 and a 12-month high of $1,099.99.

Ubiquiti (NYSE:UI - Get Free Report) last released its earnings results on Friday, February 6th. The company reported $3.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.08 by $0.80. The business had revenue of $814.87 million for the quarter, compared to analyst estimates of $716.95 million. Ubiquiti had a return on equity of 113.21% and a net margin of 29.90%.The company's revenue for the quarter was up 35.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.28 earnings per share. Research analysts forecast that Ubiquiti Inc. will post 14.04 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Tuesday, February 17th were paid a $0.80 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.3%. Ubiquiti's payout ratio is 21.80%.

Analysts Set New Price Targets

Several research analysts have commented on UI shares. BWS Financial lifted their price target on Ubiquiti from $720.00 to $980.00 and gave the stock a "buy" rating in a research report on Monday, April 13th. Wall Street Zen lowered Ubiquiti from a "buy" rating to a "hold" rating in a research report 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. Barclays lifted their price target on Ubiquiti from $455.00 to $527.00 and gave the stock an "underweight" rating in a research report on Friday, February 6th. Finally, Weiss Ratings raised Ubiquiti from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, March 23rd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $702.33.

Ubiquiti Company 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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