Semanteon Capital Management LP Has $1.45 Million Stock Position in Ubiquiti Inc. (NYSE:UI)

Semanteon Capital Management LP raised its stake in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 61.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,374 shares of the company's stock after purchasing an additional 1,671 shares during the period. Ubiquiti accounts for about 0.8% of Semanteon Capital Management LP's investment portfolio, making the stock its 24th biggest holding. Semanteon Capital Management LP's holdings in Ubiquiti were worth $1,452,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UI. Harvest Fund Management Co. Ltd raised its stake in Ubiquiti by 578.2% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,866 shares of the company's stock valued at $1,284,000 after purchasing an additional 3,296 shares in the last quarter. Xponance Inc. purchased a new position in Ubiquiti during the 4th quarter valued at about $253,000. Signaturefd LLC lifted its position in shares of Ubiquiti by 66.5% during the fourth quarter. Signaturefd LLC now owns 423 shares of the company's stock valued at $140,000 after buying an additional 169 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Ubiquiti by 47.0% during the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock worth $40,000 after acquiring an additional 39 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of Ubiquiti in the fourth quarter valued at about $1,531,000. 4.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ubiquiti

In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total value of $347,990.00. Following the completion of the transaction, the chief accounting officer now owns 2,484 shares in the company, valued at approximately $864,407.16. This represents a 28.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 93.10% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. BWS Financial reiterated a "buy" rating and issued a $440.00 price objective on shares of Ubiquiti in a research report on Monday, February 10th. Barclays decreased their price target on Ubiquiti from $236.00 to $222.00 and set an "underweight" rating on the stock in a research note on Monday, February 10th.

Ubiquiti Stock Down 3.2 %

UI stock traded down $10.64 during mid-day trading on Tuesday, reaching $322.32. The company had a trading volume of 60,053 shares, compared to its average volume of 77,753. 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 has a fifty day simple moving average of $358.56 and a 200 day simple moving average of $314.11. The company has a market capitalization of $19.50 billion, a price-to-earnings ratio of 43.79 and a beta of 1.12. Ubiquiti Inc. has a fifty-two week low of $104.24 and a fifty-two week high of $469.98.

Ubiquiti (NYSE:UI - Get Free Report) last issued its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm earned $1.36 earnings per share. Analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were issued a $0.60 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.74%. Ubiquiti's dividend payout ratio (DPR) is 32.61%.

Ubiquiti Company Profile

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.