Passumpsic Savings Bank Purchases Shares of 3,258 Ubiquiti Inc. $UI

Passumpsic Savings Bank purchased a new stake in shares of Ubiquiti Inc. (NYSE:UIFree Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 3,258 shares of the company’s stock, valued at approximately $1,803,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. North Dakota State Investment Board purchased a new stake in shares of Ubiquiti in the fourth quarter valued at $754,000. Independent Advisor Alliance purchased a new stake in shares of Ubiquiti in the fourth quarter valued at $5,973,000. Valeo Financial Advisors LLC lifted its holdings in shares of Ubiquiti by 2.0% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,046 shares of the company’s stock valued at $579,000 after purchasing an additional 21 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Ubiquiti by 9.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 748 shares of the company’s stock worth $414,000 after acquiring an additional 66 shares in the last quarter. Finally, Navellier & Associates Inc. raised its holdings in shares of Ubiquiti by 108.9% during the fourth quarter. Navellier & Associates Inc. now owns 19,576 shares of the company’s stock worth $10,832,000 after acquiring an additional 10,207 shares in the last quarter. Institutional investors and hedge funds own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on UI shares. Barclays increased their target price 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 raised shares of Ubiquiti from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Zacks Research downgraded Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. BWS Financial reiterated a “buy” rating and issued a $980.00 target price on shares of Ubiquiti in a research note on Monday, May 11th. Finally, Wall Street Zen cut shares of Ubiquiti from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $750.67.

Read Our Latest Research Report on UI

Ubiquiti Price Performance

Shares of Ubiquiti stock opened at $624.13 on Monday. The firm has a market cap of $37.77 billion, a P/E ratio of 40.11 and a beta of 1.46. The firm has a 50 day simple moving average of $862.64 and a 200 day simple moving average of $702.66. Ubiquiti Inc. has a fifty-two week low of $368.42 and a fifty-two week high of $1,099.99.

Ubiquiti (NYSE:UIGet Free Report) last released its earnings results on Friday, May 8th. The company reported $3.88 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.41). Ubiquiti had a return on equity of 95.62% and a net margin of 30.43%.The business had revenue of $788.20 million for the quarter, compared to analyst estimates of $814.30 million. The firm’s revenue was up 18.7% on a year-over-year basis. On average, sell-side analysts expect that Ubiquiti Inc. will post 14.04 EPS for the current year.

Ubiquiti Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Monday, May 18th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, May 18th. Ubiquiti’s payout ratio is currently 20.57%.

Ubiquiti Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Ubiquiti (NYSE:UI)

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