RHS Financial LLC Invests $333,000 in Ubiquiti Inc. $UI

RHS Financial LLC acquired a new position in shares of Ubiquiti Inc. (NYSE:UI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 809 shares of the company’s stock, valued at approximately $333,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Illinois Municipal Retirement Fund acquired a new stake in shares of Ubiquiti during the first quarter worth $571,000. Greenleaf Trust acquired a new stake in shares of Ubiquiti during the second quarter worth $227,000. Maverick Capital Ltd. acquired a new stake in shares of Ubiquiti during the first quarter worth $1,293,000. One Wealth Advisors LLC acquired a new stake in shares of Ubiquiti during the second quarter worth $219,000. Finally, Baron Wealth Management LLC acquired a new position in Ubiquiti during the second quarter valued at $382,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on UI shares. Weiss Ratings restated a “hold (c+)” rating on shares of Ubiquiti in a research report on Wednesday, October 8th. UBS Group set a $600.00 target price on shares of Ubiquiti in a research report on Monday, August 25th. BWS Financial boosted their target price on shares of Ubiquiti from $440.00 to $600.00 and gave the company a “buy” rating in a research report on Monday, August 25th. Finally, Barclays boosted their target price on shares of Ubiquiti from $247.00 to $299.00 and gave the company an “underweight” rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $499.67.

Ubiquiti Stock Performance

Shares of Ubiquiti stock opened at $655.47 on Monday. The firm has a 50-day simple moving average of $560.12 and a two-hundred day simple moving average of $441.56. The company has a market cap of $39.65 billion, a P/E ratio of 55.69 and a beta of 1.44. Ubiquiti Inc. has a fifty-two week low of $233.80 and a fifty-two week high of $705.78.

Ubiquiti (NYSE:UI) last issued its quarterly earnings data on Friday, August 22nd. The company reported $3.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $1.31. The business had revenue of $759.15 million during the quarter, compared to the consensus estimate of $618.80 million. Ubiquiti had a net margin of 27.66% and a return on equity of 166.22%. During the same quarter in the prior year, the firm posted $1.74 earnings per share. Equities research analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Tuesday, September 2nd were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Ubiquiti’s previous quarterly dividend of $0.60. The ex-dividend date was Tuesday, September 2nd. Ubiquiti’s payout ratio is currently 27.19%.

Ubiquiti 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.