Sigma Planning Corp Buys New Shares in Ubiquiti Inc. $UI

Sigma Planning Corp bought a new position in shares of Ubiquiti Inc. (NYSE:UI) during the first quarter, HoldingsChannel reports. The firm bought 930 shares of the company’s stock, valued at approximately $735,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC raised its holdings in Ubiquiti by 73,940.4% in the 4th quarter. Corient Private Wealth LLC now owns 1,113,568 shares of the company’s stock valued at $616,193,000 after acquiring an additional 1,112,064 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Ubiquiti by 11.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 183,464 shares of the company’s stock worth $101,520,000 after purchasing an additional 19,504 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Ubiquiti by 244.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 155,916 shares of the company’s stock valued at $88,815,000 after purchasing an additional 110,632 shares during the period. Morgan Stanley increased its position in shares of Ubiquiti by 7.7% during the fourth quarter. Morgan Stanley now owns 102,022 shares of the company’s stock valued at $56,454,000 after purchasing an additional 7,338 shares during the period. Finally, Capital World Investors raised its stake in shares of Ubiquiti by 16.2% in the fourth quarter. Capital World Investors now owns 100,056 shares of the company’s stock valued at $55,366,000 after purchasing an additional 13,970 shares in the last quarter. 4.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on UI shares. Barclays raised their target price on Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a research report on Monday, May 11th. Wall Street Zen cut shares of Ubiquiti from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. BWS Financial reaffirmed a “buy” rating and set a $980.00 price objective on shares of Ubiquiti in a report on Wednesday, July 8th. Weiss Ratings lowered shares of Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Finally, Zacks Research raised shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Ubiquiti currently has a consensus rating of “Moderate Buy” and an average price target of $750.67.

Ubiquiti Price Performance

Ubiquiti stock opened at $545.69 on Monday. The business has a 50 day simple moving average of $576.75 and a 200 day simple moving average of $691.05. The company has a market capitalization of $33.02 billion, a PE ratio of 35.07 and a beta of 1.31. Ubiquiti Inc. has a one year low of $380.00 and a one year high of $1,099.99.

Ubiquiti (NYSE:UI) last announced its quarterly earnings results on Friday, May 8th. The company reported $3.88 earnings per share 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 company had revenue of $788.20 million during the quarter, compared to the consensus estimate of $814.30 million. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. Equities analysts anticipate that Ubiquiti Inc. will post 14.82 earnings per share for the current fiscal year.

Ubiquiti Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 18th were issued 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 dividend payout ratio is presently 20.57%.

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.