Inspire Investing LLC Makes New $2.63 Million Investment in Ubiquiti Inc. $UI

Inspire Investing LLC acquired a new position in shares of Ubiquiti Inc. (NYSE:UI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 4,758 shares of the company’s stock, valued at approximately $2,633,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in Ubiquiti by 87.5% during the 4th 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. Cherry Tree Wealth Management LLC purchased a new position in Ubiquiti during the 3rd quarter worth approximately $33,000. Quarry LP purchased a new position in Ubiquiti during the 3rd quarter worth approximately $34,000. CIBC Private Wealth Group LLC grew its position in 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, CANADA LIFE ASSURANCE Co grew its position in Ubiquiti by 216.0% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 79 shares of the company’s stock worth $44,000 after purchasing an additional 54 shares in the last quarter. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Ubiquiti Stock Up 0.7%

Ubiquiti stock opened at $562.09 on Thursday. The company’s fifty day simple moving average is $768.74 and its 200-day simple moving average is $694.57. Ubiquiti Inc. has a 12 month low of $368.42 and a 12 month high of $1,099.99. The stock has a market cap of $34.02 billion, a P/E ratio of 36.12 and a beta of 1.29.

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). Ubiquiti had a net margin of 30.43% and a return on equity of 95.62%. The company had revenue of $788.20 million for the quarter, compared to analysts’ expectations of $814.30 million. The business’s quarterly revenue was up 18.7% on a year-over-year basis. On average, equities research analysts expect that Ubiquiti Inc. will post 14.82 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 18th were issued a dividend of $0.80 per share. 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%.

Analyst Upgrades and Downgrades

UI has been the topic of several research analyst reports. Wall Street Zen cut shares of Ubiquiti from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. BWS Financial reiterated a “buy” rating and set a $980.00 price objective on shares of Ubiquiti in a research report on Monday, May 11th. Barclays lifted their price objective on shares of Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a research report on Monday, May 11th. Weiss Ratings cut shares of Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Finally, Zacks Research cut shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $750.67.

About Ubiquiti

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.