Kestra Private Wealth Services LLC acquired a new position in Ubiquiti Inc. (NYSE:UI – Free Report) in the third quarter, Holdings Channel.com reports. The firm acquired 990 shares of the company’s stock, valued at approximately $562,000.
Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Ubiquiti during the 2nd quarter valued at about $163,010,000. Bank of New York Mellon Corp bought a new stake in Ubiquiti in the 2nd quarter worth approximately $30,086,000. Walleye Capital LLC purchased a new stake in Ubiquiti in the second quarter worth approximately $27,413,000. Canada Pension Plan Investment Board purchased a new stake in Ubiquiti in the second quarter worth approximately $19,140,000. Finally, Bank of America Corp DE purchased a new stake in Ubiquiti in the second quarter worth approximately $17,647,000. 4.00% of the stock is currently owned by institutional investors.
Key Ubiquiti News
Here are the key news stories impacting Ubiquiti this week:
- Positive Sentiment: For the quarter ended September 30, Ubiquiti reported earnings of $5.32 per share, ahead of the $4.25 consensus estimate, and revenue of $1.03 billion versus expectations of $977.45 million. Revenue reportedly rose 40% year over year, while profit also advanced—evidence of strong growth and operating performance. Ubiquiti Soars 15% on Record $1 Billion Quarter as Revenue Jumps 40%
- Positive Sentiment: The company declared a quarterly dividend of $1.00 per share, equivalent to $4.00 annually and a stated 0.7% yield. Shareholders of record November 16 are scheduled to be paid November 23.
- Negative Sentiment: One earnings recap cautioned that margin risks remain. The supplied reports do not detail the potential pressures, but margin trends could temper the otherwise upbeat growth picture. Ubiquiti Q1 2027: First $1B Quarter, But Margin Risks Loom
Ubiquiti Price Performance
Shares of UI stock opened at $592.50 on Friday. The stock has a market capitalization of $35.85 billion, a PE ratio of 33.46 and a beta of 1.34. Ubiquiti Inc. has a 1-year low of $500.23 and a 1-year high of $1,099.99. The business has a 50-day moving average of $586.72 and a 200 day moving average of $657.17.
Ubiquiti (NYSE:UI – Get Free Report) last posted its quarterly earnings results on Friday, November 6th. The company reported $5.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $1.07. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $977.45 million. Ubiquiti had a return on equity of 85.57% and a net margin of 29.33%. Analysts anticipate that Ubiquiti Inc. will post 16.94 EPS for the current year.
Ubiquiti Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Monday, November 16th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, November 16th. Ubiquiti’s dividend payout ratio is 25.24%.
Wall Street Analyst Weigh In
A number of brokerages have commented on UI. Weiss Ratings cut shares of Ubiquiti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 30th. Barclays lowered their price objective on shares of Ubiquiti from $672.00 to $489.00 and set an “underweight” rating for the company in a report on Monday, August 24th. Zacks Research raised shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 18th. Finally, BWS Financial reaffirmed a “buy” rating and set a $980.00 target price on shares of Ubiquiti in a report on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $734.50.
View Our Latest Stock Report on Ubiquiti
Ubiquiti Company Profile
Ubiquiti Inc develops and sells networking technology for businesses, service providers and consumers. Its products include wireless access points, routers, switches and broadband wireless equipment, along with network management software and security devices such as cameras and access control systems.
The company markets products under brands including UniFi, airMAX, EdgeMAX and AmpliFi. Its UniFi platform brings together networking, video surveillance and access control products with centralized management tools.
Founded in 2003 by Robert Pera, Ubiquiti serves customers globally through distributors, online channels and retail partners.
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