Cvfg LLC Takes $8.82 Million Position in Ubiquiti Inc. $UI

Cvfg LLC purchased a new stake in Ubiquiti Inc. (NYSE:UI) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,159 shares of the company’s stock, valued at approximately $8,819,000. Ubiquiti accounts for approximately 1.1% of Cvfg LLC’s holdings, making the stock its 22nd biggest holding.

A number of other hedge funds have also modified their holdings of UI. Corient Private Wealth LLC grew its stake 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 worth $616,193,000 after acquiring an additional 1,112,064 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew 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 valued at $88,815,000 after acquiring an additional 110,632 shares in the last quarter. M&T Bank Corp increased its position in shares of Ubiquiti by 7,845.7% in the fourth quarter. M&T Bank Corp now owns 98,527 shares of the company’s stock valued at $54,520,000 after acquiring an additional 97,287 shares during the last quarter. Capital World Investors increased its position in shares of Ubiquiti by 315.9% during the 3rd quarter. Capital World Investors now owns 86,086 shares of the company’s stock worth $56,867,000 after purchasing an additional 65,386 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Ubiquiti by 47.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 163,960 shares of the company’s stock worth $108,309,000 after acquiring an additional 52,744 shares in the last quarter. 4.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Ubiquiti Stock Performance

Shares of NYSE UI opened at $524.42 on Wednesday. The company has a market capitalization of $31.74 billion, a P/E ratio of 33.70 and a beta of 1.31. The company’s 50 day moving average price is $645.62 and its 200-day moving average price is $692.51. Ubiquiti Inc. has a 52-week low of $380.00 and a 52-week high of $1,099.99.

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

Ubiquiti Announces Dividend

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

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.