Hsbc Holdings PLC Has $2.29 Million Stock Holdings in Ubiquiti Inc. $UI

Hsbc Holdings PLC boosted its stake in shares of Ubiquiti Inc. (NYSE:UI) by 112.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,138 shares of the company’s stock after purchasing an additional 2,191 shares during the quarter. Hsbc Holdings PLC’s holdings in Ubiquiti were worth $2,290,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its stake in shares of Ubiquiti by 33.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 33,836 shares of the company’s stock worth $10,494,000 after buying an additional 8,551 shares during the last quarter. Woodline Partners LP grew its stake in Ubiquiti by 22.1% in the 1st quarter. Woodline Partners LP now owns 1,214 shares of the company’s stock valued at $377,000 after buying an additional 220 shares during the last quarter. Jane Street Group LLC raised its holdings in Ubiquiti by 12.9% in the 1st quarter. Jane Street Group LLC now owns 13,768 shares of the company’s stock valued at $4,270,000 after acquiring an additional 1,570 shares during the period. Cetera Investment Advisers bought a new position in Ubiquiti in the 2nd quarter valued at about $312,000. Finally, Legal & General Group Plc lifted its position in Ubiquiti by 23.2% during the second quarter. Legal & General Group Plc now owns 792 shares of the company’s stock worth $326,000 after acquiring an additional 149 shares during the last quarter. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Ubiquiti Stock Up 0.8%

Shares of NYSE:UI opened at $549.02 on Friday. Ubiquiti Inc. has a 12-month low of $380.00 and a 12-month high of $1,099.99. The company’s 50 day moving average price is $619.18 and its two-hundred day moving average price is $691.20. The firm has a market cap of $33.23 billion, a PE ratio of 35.28 and a beta of 1.31.

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

Ubiquiti Announces Dividend

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

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.