Hsbc Holdings PLC Trims Stake in Ubiquiti Inc. $UI

Hsbc Holdings PLC reduced its holdings in Ubiquiti Inc. (NYSE:UI) by 85.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 592 shares of the company’s stock after selling 3,546 shares during the quarter. Hsbc Holdings PLC’s holdings in Ubiquiti were worth $468,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of UI. Blue Trust Inc. grew its holdings in shares of Ubiquiti by 87.5% during the fourth quarter. Blue Trust Inc. now owns 45 shares of the company’s stock worth $25,000 after purchasing an additional 21 shares in the last quarter. Quarry LP bought a new position in shares of Ubiquiti in the third quarter worth approximately $34,000. CIBC Private Wealth Group LLC raised its stake in Ubiquiti by 238.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company’s stock valued at $39,000 after purchasing an additional 50 shares in the last quarter. Cherry Tree Wealth Management LLC raised its stake in Ubiquiti by 50.0% in 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 in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in Ubiquiti by 216.0% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79 shares of the company’s stock valued at $44,000 after purchasing an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Ubiquiti Price Performance

Shares of UI opened at $557.67 on Friday. Ubiquiti Inc. has a 1 year low of $380.00 and a 1 year high of $1,099.99. The stock has a 50 day simple moving average of $556.27 and a two-hundred day simple moving average of $688.39. The firm has a market cap of $33.75 billion, a P/E ratio of 35.84 and a beta of 1.31.

Ubiquiti (NYSE:UI) last posted its quarterly earnings results on Friday, May 8th. The company reported $3.88 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.41). The business had revenue of $788.20 million for the quarter, compared to analysts’ expectations of $814.30 million. Ubiquiti had a return on equity of 95.62% and a net margin of 30.43%.Ubiquiti’s revenue was up 18.7% compared to the same quarter last year. On average, equities analysts anticipate that Ubiquiti Inc. will post 14.82 earnings per share for the current year.

Ubiquiti Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 18th were issued a dividend of $0.80 per share. 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 (DPR) is currently 20.57%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Zacks Research raised shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Wall Street Zen downgraded shares of Ubiquiti from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings downgraded shares of Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. BWS Financial reiterated a “buy” rating and issued a $980.00 target price on shares of Ubiquiti in a research report on Wednesday, July 8th. Finally, Barclays increased their target price on 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 assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Ubiquiti presently has a consensus rating of “Moderate Buy” and an average price target of $750.67.

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.