Ubiquiti Inc. $UI Shares Acquired by Hsbc Holdings PLC

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its position 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 in the last quarter. Woodline Partners LP boosted its holdings in shares of Ubiquiti by 22.1% in the first quarter. Woodline Partners LP now owns 1,214 shares of the company’s stock valued at $377,000 after acquiring an additional 220 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Ubiquiti by 12.9% in the first 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 in the last quarter. Cetera Investment Advisers acquired a new position in shares of Ubiquiti during the second quarter valued at approximately $312,000. Finally, Legal & General Group Plc increased its stake in shares of Ubiquiti by 23.2% during the second quarter. Legal & General Group Plc now owns 792 shares of the company’s stock valued at $326,000 after acquiring an additional 149 shares during the period. Institutional investors own 4.00% of the company’s stock.

Ubiquiti Stock Performance

Ubiquiti stock opened at $541.54 on Tuesday. The firm has a market cap of $32.77 billion, a price-to-earnings ratio of 34.80 and a beta of 1.30. Ubiquiti Inc. has a 1 year low of $380.00 and a 1 year high of $1,099.99. The firm’s 50 day moving average price is $707.30 and its two-hundred day moving average price is $693.88.

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

Ubiquiti Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have weighed in on UI. Wall Street Zen downgraded Ubiquiti from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Barclays lifted their price target on Ubiquiti from $527.00 to $672.00 and gave the company an “underweight” rating in a research report on Monday, May 11th. Zacks Research downgraded Ubiquiti from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. BWS Financial restated a “buy” rating and issued a $980.00 price objective on shares of Ubiquiti 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 analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.