Ubiquiti (NYSE:UI) Trading Up 8.4% Following Better-Than-Expected Earnings

Ubiquiti Inc. (NYSE:UI)’s share price shot up 8.4% during trading on Monday after the company announced better than expected quarterly earnings. The company traded as high as $671.32 and last traded at $674.5940. 40,288 shares were traded during trading, a decline of 63% from the average session volume of 108,703 shares. The stock had previously closed at $622.33.

The company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.08 by $0.80. Ubiquiti had a return on equity of 113.21% and a net margin of 29.90%.The firm had revenue of $814.87 million during the quarter, compared to analysts’ expectations of $716.95 million. During the same period in the previous year, the business earned $2.28 earnings per share. The firm’s revenue for the quarter was up 35.8% on a year-over-year basis.

Ubiquiti Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 23rd. Stockholders of record on Tuesday, February 17th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, February 17th. Ubiquiti’s dividend payout ratio is 21.80%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on UI shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ubiquiti in a research note on Monday, December 29th. Wall Street Zen upgraded Ubiquiti from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research raised Ubiquiti from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. BWS Financial reissued a “buy” rating and set a $720.00 price objective on shares of Ubiquiti in a research note on Monday. Finally, Barclays raised their target price on Ubiquiti from $455.00 to $527.00 and gave the stock an “underweight” rating in a research note on Friday. One equities 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 issued a Sell rating to the stock. According to MarketBeat, Ubiquiti has a consensus rating of “Moderate Buy” and a consensus price target of $615.67.

Hedge Funds Weigh In On Ubiquiti

Large investors have recently modified their holdings of the business. CIBC Asset Management Inc grew its holdings in shares of Ubiquiti by 2.7% during the 4th quarter. CIBC Asset Management Inc now owns 1,964 shares of the company’s stock worth $1,087,000 after purchasing an additional 52 shares during the period. Goldman Sachs Group Inc. lifted its position in Ubiquiti by 10.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 60,087 shares of the company’s stock valued at $33,249,000 after buying an additional 5,688 shares during the last quarter. Impact Partnership Wealth LLC purchased a new position in Ubiquiti during the fourth quarter worth about $1,221,000. Cherry Tree Wealth Management LLC increased its position in shares of Ubiquiti by 50.0% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 75 shares of the company’s stock valued at $42,000 after acquiring an additional 25 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Ubiquiti in the 4th quarter valued at approximately $28,527,000. Institutional investors and hedge funds own 4.00% of the company’s stock.

Ubiquiti Stock Performance

The firm has a market capitalization of $43.46 billion, a PE ratio of 48.91 and a beta of 1.40. The business’s 50 day moving average price is $569.95 and its 200-day moving average price is $584.78.

About Ubiquiti

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.