Cim LLC Purchases Shares of 3,282 Ubiquiti Inc. $UI

Cim LLC purchased a new position in Ubiquiti Inc. (NYSE:UI) during the 1st quarter, Holdings Channel reports. The firm purchased 3,282 shares of the company’s stock, valued at approximately $2,594,000.

A number of other large investors have also made changes to their positions in the stock. Vision Retirement LLC bought a new stake in shares of Ubiquiti in the first quarter valued at about $25,000. Blue Trust Inc. raised its holdings in Ubiquiti by 87.5% in the 4th quarter. Blue Trust Inc. now owns 45 shares of the company’s stock valued at $25,000 after acquiring an additional 21 shares in the last quarter. Quarry LP bought a new stake in shares of Ubiquiti in the 3rd quarter worth approximately $34,000. CIBC Private Wealth Group LLC grew its holdings in shares of Ubiquiti by 238.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company’s stock worth $39,000 after purchasing an additional 50 shares in the last quarter. Finally, Cherry Tree Wealth Management LLC increased its position in shares of Ubiquiti by 50.0% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 75 shares of the company’s stock valued at $42,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Weiss Ratings cut Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. BWS Financial reaffirmed a “buy” rating and set a $980.00 price objective on shares of Ubiquiti in a report on Wednesday, July 8th. Zacks Research upgraded shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Wall Street Zen lowered shares of Ubiquiti from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Barclays upped their target price on shares of Ubiquiti from $527.00 to $672.00 and gave the company an “underweight” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $750.67.

Ubiquiti Price Performance

Shares of UI stock opened at $522.96 on Thursday. The stock’s fifty day simple moving average is $558.34 and its 200 day simple moving average is $689.49. The firm has a market cap of $31.65 billion, a price-to-earnings ratio of 33.61 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. On average, research analysts anticipate that Ubiquiti Inc. will post 14.82 earnings per share for the current year.

Ubiquiti Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 18th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, May 18th. Ubiquiti’s payout ratio is currently 20.57%.

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.