Ubiquiti Inc. $UI Shares Purchased by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC raised its holdings in shares of Ubiquiti Inc. (NYSE:UI) by 159.9% in the 4th quarter, Holdings Channel reports. The firm owned 1,908 shares of the company’s stock after purchasing an additional 1,174 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Ubiquiti were worth $1,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of UI. Rhumbline Advisers boosted its holdings in shares of Ubiquiti by 856.8% in the 2nd 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 period. GSA Capital Partners LLP raised its stake in Ubiquiti by 132.8% during the third quarter. GSA Capital Partners LLP now owns 3,448 shares of the company’s stock worth $2,278,000 after acquiring an additional 1,967 shares during the period. Range Financial Group LLC bought a new position in Ubiquiti in the third quarter worth about $1,468,000. Coldstream Capital Management Inc. lifted its holdings in Ubiquiti by 889.7% in the second quarter. Coldstream Capital Management Inc. now owns 574 shares of the company’s stock worth $236,000 after acquiring an additional 516 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in Ubiquiti in the third quarter valued at approximately $1,127,000. 4.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on UI shares. Weiss Ratings raised Ubiquiti from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Zacks Research raised Ubiquiti from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Wall Street Zen upgraded Ubiquiti from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Barclays upped their price objective on Ubiquiti from $455.00 to $527.00 and gave the stock an “underweight” rating in a research note on Friday, February 6th. Finally, BWS Financial reiterated a “buy” rating and issued a $720.00 target price on shares of Ubiquiti in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $615.67.

Ubiquiti Trading Up 3.1%

NYSE UI opened at $834.55 on Wednesday. The company has a 50-day moving average price of $684.35 and a two-hundred day moving average price of $644.95. Ubiquiti Inc. has a 52 week low of $255.00 and a 52 week high of $842.00. The stock has a market cap of $50.51 billion, a price-to-earnings ratio of 56.85 and a beta of 1.33.

Ubiquiti (NYSE:UI) last released its quarterly earnings results on Friday, February 6th. The company reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.80. The company had revenue of $814.87 million for the quarter, compared to analysts’ expectations of $716.95 million. Ubiquiti had a return on equity of 113.21% and a net margin of 29.90%.The business’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. As a group, equities research analysts expect that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

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

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.