784 Shares in Ubiquiti Inc. $UI Acquired by SMART Wealth LLC

SMART Wealth LLC acquired a new stake in Ubiquiti Inc. (NYSE:UI) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 784 shares of the company’s stock, valued at approximately $518,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Cullen Frost Bankers Inc. lifted its position in Ubiquiti by 1,075.0% in the second quarter. Cullen Frost Bankers Inc. now owns 94 shares of the company’s stock valued at $39,000 after purchasing an additional 86 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Ubiquiti by 31.0% in the third quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock worth $50,000 after buying an additional 18 shares during the period. SBI Securities Co. Ltd. raised its holdings in Ubiquiti by 200.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 165 shares of the company’s stock valued at $68,000 after buying an additional 110 shares during the last quarter. Westside Investment Management Inc. boosted its position in Ubiquiti by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 102 shares of the company’s stock valued at $69,000 after buying an additional 51 shares during the period. Finally, Financial Perspectives Inc increased its position in shares of Ubiquiti by 21.9% in the second quarter. Financial Perspectives Inc now owns 206 shares of the company’s stock valued at $85,000 after acquiring an additional 37 shares during the period. Institutional investors own 4.00% of the company’s stock.

Ubiquiti Stock Up 1.7%

Shares of UI opened at $718.28 on Monday. The stock has a market cap of $43.47 billion, a P/E ratio of 48.93 and a beta of 1.40. The business’s 50 day moving average price is $578.53 and its 200-day moving average price is $590.39. Ubiquiti Inc. has a 52 week low of $255.00 and a 52 week high of $803.59.

Ubiquiti (NYSE:UI) last issued its quarterly earnings results on Friday, February 6th. The company reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.80. The firm had revenue of $814.87 million during the quarter, compared to the consensus estimate of $716.95 million. Ubiquiti had a return on equity of 113.21% and a net margin of 29.90%.The company’s revenue was up 35.8% on a year-over-year basis. During the same period last year, the company earned $2.28 earnings per share. On average, equities analysts anticipate that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 23rd. Investors of record on Tuesday, February 17th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $3.20 annualized dividend and a dividend yield of 0.4%. Ubiquiti’s dividend payout ratio (DPR) is 21.80%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on UI shares. Zacks Research raised Ubiquiti from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ubiquiti in a research report on Monday, December 29th. Barclays boosted their price target on shares of Ubiquiti from $455.00 to $527.00 and gave the company an “underweight” rating in a research report on Friday, February 6th. Wall Street Zen upgraded shares of Ubiquiti from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, BWS Financial reiterated a “buy” rating and set a $720.00 target price on shares of Ubiquiti in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $615.67.

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.