Intrinsic Value Partners LLC Decreases Position in Ubiquiti Inc. $UI

Intrinsic Value Partners LLC lessened its holdings in Ubiquiti Inc. (NYSE:UI) by 1.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,109 shares of the company’s stock after selling 54 shares during the quarter. Ubiquiti comprises approximately 1.1% of Intrinsic Value Partners LLC’s investment portfolio, making the stock its 22nd largest holding. Intrinsic Value Partners LLC’s holdings in Ubiquiti were worth $1,280,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Illinois Municipal Retirement Fund acquired a new stake in shares of Ubiquiti in the 1st quarter valued at $571,000. Maverick Capital Ltd. acquired a new stake in shares of Ubiquiti in the 1st quarter valued at $1,293,000. Federated Hermes Inc. acquired a new stake in shares of Ubiquiti in the 1st quarter valued at $404,000. One Wealth Advisors LLC acquired a new stake in shares of Ubiquiti in the 2nd quarter valued at $219,000. Finally, Baron Wealth Management LLC acquired a new stake in shares of Ubiquiti in the 2nd quarter valued at $382,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Ubiquiti in a report on Saturday, September 27th. UBS Group set a $600.00 price objective on shares of Ubiquiti in a report on Monday, August 25th. BWS Financial raised their price objective on shares of Ubiquiti from $440.00 to $600.00 and gave the company a “buy” rating in a report on Monday, August 25th. Finally, Barclays lifted their price target on shares of Ubiquiti from $247.00 to $299.00 and gave the stock an “underweight” rating in a research note on Friday, August 22nd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $499.67.

Ubiquiti Stock Performance

NYSE UI opened at $661.75 on Friday. The firm has a market cap of $40.03 billion, a PE ratio of 56.22 and a beta of 1.44. Ubiquiti Inc. has a one year low of $220.41 and a one year high of $689.36. The firm’s fifty day moving average is $536.77 and its two-hundred day moving average is $427.66.

Ubiquiti (NYSE:UI) last posted its quarterly earnings data on Friday, August 22nd. The company reported $3.54 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $1.31. The company had revenue of $759.15 million for the quarter, compared to analyst estimates of $618.80 million. Ubiquiti had a net margin of 27.66% and a return on equity of 166.22%. During the same period in the previous year, the business posted $1.74 earnings per share. Research analysts predict that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Tuesday, September 2nd were issued a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from Ubiquiti’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a dividend yield of 0.5%. Ubiquiti’s payout ratio is presently 27.19%.

Ubiquiti Company Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.