Corient Private Wealth LLC Raises Position in Ubiquiti Inc. $UI

Corient Private Wealth LLC grew its holdings in Ubiquiti Inc. (NYSE:UI) by 157.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,732 shares of the company’s stock after buying an additional 1,060 shares during the quarter. Corient Private Wealth LLC’s holdings in Ubiquiti were worth $713,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio boosted its holdings in Ubiquiti by 2.0% in the second quarter. Public Employees Retirement System of Ohio now owns 1,307 shares of the company’s stock valued at $538,000 after purchasing an additional 25 shares during the period. Valeo Financial Advisors LLC raised its position in Ubiquiti by 2.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,025 shares of the company’s stock valued at $422,000 after purchasing an additional 25 shares in the last quarter. GAMMA Investing LLC raised its position in Ubiquiti by 20.5% in the 2nd quarter. GAMMA Investing LLC now owns 159 shares of the company’s stock valued at $65,000 after purchasing an additional 27 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Ubiquiti by 2.6% in the 2nd quarter. M&T Bank Corp now owns 1,204 shares of the company’s stock valued at $495,000 after buying an additional 30 shares during the period. Finally, Wedmont Private Capital grew its position in shares of Ubiquiti by 4.7% during the second quarter. Wedmont Private Capital now owns 697 shares of the company’s stock worth $281,000 after buying an additional 31 shares in the last quarter. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Ubiquiti Price Performance

NYSE UI opened at $571.90 on Friday. Ubiquiti Inc. has a 1 year low of $255.00 and a 1 year high of $803.59. The company has a market capitalization of $34.60 billion, a PE ratio of 43.72 and a beta of 1.38. The company has a fifty day moving average of $617.41 and a two-hundred day moving average of $547.69.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, November 7th. The company reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.98. Ubiquiti had a return on equity of 132.71% and a net margin of 28.72%.The business had revenue of $733.77 million for the quarter, compared to analysts’ expectations of $702.38 million. On average, research analysts expect that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 17th were paid a $0.80 dividend. The ex-dividend date was Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a yield of 0.6%. Ubiquiti’s payout ratio is currently 24.46%.

Analysts Set New Price Targets

Several brokerages recently weighed in on UI. BWS Financial reaffirmed a “buy” rating and issued a $720.00 target price on shares of Ubiquiti in a report on Tuesday, November 11th. Barclays increased their price objective on shares of Ubiquiti from $299.00 to $455.00 and gave the company an “underweight” rating in a research report on Tuesday, November 11th. Zacks Research upgraded shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Weiss Ratings cut shares of Ubiquiti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, December 22nd. Finally, Wall Street Zen downgraded shares of Ubiquiti from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $591.67.

Insider Buying and Selling at Ubiquiti

In other news, CAO Kevin Radigan sold 350 shares of Ubiquiti stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $576.58, for a total value of $201,803.00. Following the transaction, the chief accounting officer directly owned 2,768 shares of the company’s stock, valued at $1,595,973.44. The trade was a 11.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 93.10% of the company’s stock.

Ubiquiti Company Profile

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.