Norges Bank bought a new stake in Ubiquiti Inc. (NYSE:UI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 48,704 shares of the company's stock, valued at approximately $16,166,000. Norges Bank owned about 0.08% of Ubiquiti as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its stake in shares of Ubiquiti by 47.0% in the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock valued at $40,000 after buying an additional 39 shares during the period. Venturi Wealth Management LLC raised its holdings in Ubiquiti by 71.1% in the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock valued at $43,000 after acquiring an additional 54 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Ubiquiti by 78.8% in the 4th quarter. Blue Trust Inc. now owns 143 shares of the company's stock worth $47,000 after acquiring an additional 63 shares during the period. Financial Perspectives Inc grew its holdings in shares of Ubiquiti by 152.2% during the 4th quarter. Financial Perspectives Inc now owns 169 shares of the company's stock worth $56,000 after purchasing an additional 102 shares in the last quarter. Finally, Principal Securities Inc. grew its holdings in shares of Ubiquiti by 89.3% during the 4th quarter. Principal Securities Inc. now owns 229 shares of the company's stock worth $76,000 after purchasing an additional 108 shares in the last quarter. 4.00% of the stock is owned by institutional investors.
Ubiquiti Price Performance
Shares of UI stock traded up $8.20 during trading hours on Friday, hitting $307.94. The company had a trading volume of 90,209 shares, compared to its average volume of 81,049. Ubiquiti Inc. has a 12 month low of $104.24 and a 12 month high of $469.98. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.98 and a current ratio of 2.22. The firm's fifty day moving average is $324.85 and its 200 day moving average is $323.31. The firm has a market capitalization of $18.63 billion, a price-to-earnings ratio of 41.84 and a beta of 1.31.
Ubiquiti (NYSE:UI - Get Free Report) last announced its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, beating analysts' consensus estimates of $2.14 by $0.12. Ubiquiti had a return on equity of 296.82% and a net margin of 20.68%. During the same period in the previous year, the business earned $1.36 EPS. On average, sell-side analysts predict that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.
Ubiquiti Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.78%. The ex-dividend date was Tuesday, February 18th. Ubiquiti's dividend payout ratio is currently 32.61%.
Analyst Ratings Changes
A number of research analysts recently commented on UI shares. Barclays cut their target price on Ubiquiti from $236.00 to $222.00 and set an "underweight" rating for the company in a research note on Monday, February 10th. BWS Financial restated a "buy" rating and issued a $440.00 price objective on shares of Ubiquiti in a research note on Friday, April 4th.
View Our Latest Analysis on UI
Insider Activity at Ubiquiti
In other news, CAO Kevin Radigan sold 1,000 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total value of $347,990.00. Following the completion of the sale, the chief accounting officer now directly owns 2,484 shares in the company, valued at approximately $864,407.16. This trade represents a 28.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 93.10% of the stock is currently owned by insiders.
Ubiquiti Profile
(
Free Report)
Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.
Read More
Before you consider Ubiquiti, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ubiquiti wasn't on the list.
While Ubiquiti currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
