AXQ Capital LP Has $650,000 Stock Holdings in Ubiquiti Inc. $UI

AXQ Capital LP lowered its position in shares of Ubiquiti Inc. (NYSE:UI) by 49.0% in the third quarter, Holdings Channel reports. The firm owned 984 shares of the company’s stock after selling 944 shares during the period. AXQ Capital LP’s holdings in Ubiquiti were worth $650,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC raised its holdings in Ubiquiti by 31.0% in the third quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock worth $50,000 after purchasing an additional 18 shares during the period. SBI Securities Co. Ltd. increased its position in shares of Ubiquiti by 200.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 165 shares of the company’s stock valued at $68,000 after buying an additional 110 shares in the last quarter. Westside Investment Management Inc. increased its position in shares of Ubiquiti by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 102 shares of the company’s stock valued at $69,000 after buying an additional 51 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Ubiquiti by 31.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 142 shares of the company’s stock worth $94,000 after buying an additional 34 shares during the period. Finally, Amalgamated Bank lifted its holdings in Ubiquiti by 42.4% during the second quarter. Amalgamated Bank now owns 373 shares of the company’s stock worth $154,000 after acquiring an additional 111 shares in the last quarter. Institutional investors own 4.00% of the company’s stock.

Ubiquiti Stock Performance

NYSE UI opened at $758.94 on Wednesday. Ubiquiti Inc. has a 52 week low of $255.00 and a 52 week high of $803.59. The stock’s 50 day moving average price is $599.85 and its two-hundred day moving average price is $604.11. The stock has a market capitalization of $45.93 billion, a price-to-earnings ratio of 51.70 and a beta of 1.40.

Ubiquiti (NYSE:UI) last issued its quarterly earnings results on Friday, February 6th. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.80. The company had revenue of $814.87 million during the quarter, compared to analysts’ expectations of $716.95 million. Ubiquiti had a net margin of 29.90% and a return on equity of 113.21%. The business’s quarterly revenue was up 35.8% on a year-over-year basis. During the same period last year, the business earned $2.28 EPS. On average, equities research analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.4%. The ex-dividend date was Tuesday, February 17th. Ubiquiti’s payout ratio is presently 21.80%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on UI shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Ubiquiti in a research note on Monday, December 29th. Barclays boosted their price objective on Ubiquiti from $455.00 to $527.00 and gave the company an “underweight” rating in a research report on Friday, February 6th. Wall Street Zen downgraded shares of Ubiquiti from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research raised shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Finally, BWS Financial reiterated a “buy” rating and issued a $720.00 price target on shares of Ubiquiti in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $615.67.

Ubiquiti 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.