PFG Advisors Makes New $698,000 Investment in Ubiquiti Inc. $UI

PFG Advisors bought a new stake in shares of Ubiquiti Inc. (NYSE:UI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,056 shares of the company’s stock, valued at approximately $698,000.

Other large investors have also recently made changes to their positions in the company. Long Walk Management LP bought a new stake in Ubiquiti during the second quarter valued at about $28,480,000. Wealth Enhancement Advisory Services LLC raised its holdings in Ubiquiti by 1,709.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 45,284 shares of the company’s stock worth $30,423,000 after purchasing an additional 42,781 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in Ubiquiti by 380.4% in the second quarter. Qube Research & Technologies Ltd now owns 53,158 shares of the company’s stock worth $21,882,000 after purchasing an additional 42,092 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Ubiquiti by 856.8% during the second quarter. Rhumbline Advisers now owns 42,787 shares of the company’s stock valued at $17,613,000 after buying an additional 38,315 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Ubiquiti by 40.3% in the 3rd quarter. Pacer Advisors Inc. now owns 105,858 shares of the company’s stock valued at $69,928,000 after buying an additional 30,420 shares in the last quarter. 4.00% of the stock is owned by institutional investors.

Ubiquiti Stock Down 2.1%

UI opened at $750.14 on Friday. The company has a market cap of $45.40 billion, a P/E ratio of 51.10 and a beta of 1.33. The firm’s 50-day moving average price is $648.98 and its 200-day moving average price is $629.60. Ubiquiti Inc. has a 52-week low of $255.00 and a 52-week high of $803.59.

Ubiquiti (NYSE:UI) last released its earnings results on Friday, February 6th. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.80. The company had revenue of $814.87 million during the quarter, compared to analysts’ expectations 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 business earned $2.28 EPS. On average, research analysts anticipate that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Announces Dividend

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

Analyst Ratings Changes

UI has been the topic of a number of analyst reports. BWS Financial reaffirmed a “buy” rating and issued a $720.00 price objective on shares of Ubiquiti in a research report on Monday, February 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Ubiquiti in a research note on Monday, December 29th. Wall Street Zen raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Zacks Research raised Ubiquiti from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. Finally, Barclays increased their price objective on Ubiquiti from $455.00 to $527.00 and gave the company an “underweight” rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ubiquiti has a consensus rating of “Moderate Buy” and a consensus price target 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.