Virtu Financial LLC Purchases New Stake in Ubiquiti Inc. $UI

Virtu Financial LLC acquired a new position in shares of Ubiquiti Inc. (NYSE:UI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,079 shares of the company’s stock, valued at approximately $597,000.

Other hedge funds have also added to or reduced their stakes in the company. Corient Private Wealth LLC grew its position in shares of Ubiquiti by 73,940.4% during the 4th quarter. Corient Private Wealth LLC now owns 1,113,568 shares of the company’s stock valued at $616,193,000 after acquiring an additional 1,112,064 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Ubiquiti by 244.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 155,916 shares of the company’s stock worth $88,815,000 after purchasing an additional 110,632 shares during the period. M&T Bank Corp raised its holdings in shares of Ubiquiti by 7,845.7% in the 4th quarter. M&T Bank Corp now owns 98,527 shares of the company’s stock worth $54,520,000 after purchasing an additional 97,287 shares during the period. Capital World Investors lifted its stake in Ubiquiti by 315.9% in the third quarter. Capital World Investors now owns 86,086 shares of the company’s stock valued at $56,867,000 after purchasing an additional 65,386 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Ubiquiti by 47.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 163,960 shares of the company’s stock valued at $108,309,000 after purchasing an additional 52,744 shares during the last quarter. Institutional investors own 4.00% of the company’s stock.

Ubiquiti Trading Down 1.7%

Ubiquiti stock opened at $579.70 on Tuesday. Ubiquiti Inc. has a 1-year low of $370.34 and a 1-year high of $1,099.99. The firm has a market capitalization of $35.08 billion, a price-to-earnings ratio of 37.26 and a beta of 1.30. The firm has a 50 day simple moving average of $751.04 and a 200 day simple moving average of $694.95.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, May 8th. The company reported $3.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.41). The business had revenue of $788.20 million for the quarter, compared to the consensus estimate of $814.30 million. Ubiquiti had a net margin of 30.43% and a return on equity of 95.62%. Ubiquiti’s revenue for the quarter was up 18.7% on a year-over-year basis. On average, equities research analysts forecast that Ubiquiti Inc. will post 14.82 EPS for the current year.

Ubiquiti Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 18th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, May 18th. Ubiquiti’s payout ratio is presently 20.57%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. BWS Financial reissued a “buy” rating and issued a $980.00 target price on shares of Ubiquiti in a research report on Monday, May 11th. Zacks Research cut Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Wall Street Zen downgraded Ubiquiti from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Barclays lifted their price objective on Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a report on Monday, May 11th. Finally, Weiss Ratings cut Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $750.67.

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.