5 Stocks to Invest In According to Stephen White’s SW Investment

In this article, we will discuss 5 stocks to invest in according to Stephen White’s SW Investment. If you want to read our detailed analysis of White’s history, investment philosophy, and hedge fund performance, go directly to 10 Stocks to Invest In According to Stephen White’s SW Investment.

5. Ubiquiti Inc. (NYSE: UI)

White’s Stake Value: $31,219,000
Percentage of Stephen White’s 13F Portfolio: 11.94%
Number of Hedge Fund Holders: 23

Ubiquiti Inc. (NYSE: UI) is a networking technology company that caters to service providers, businesses, and consumers. It was incorporated in 2003 and is placed fifth on the list of 10 stocks to invest in according to Stephen White’s SW Investment. Ubiquiti Inc. (NYSE: UI) currently has a $19.31 billion market capitalization and was able to deliver a 63.64% return in the past 12 months. 

On May 7, Ubiquiti Inc. (NYSE: UI) released earnings for the third quarter of 2021. The earnings per share came in at $2.30, beating analysts’ expectations by $0.13. Furthermore, revenue for the period was $467.2 million, up 38.5% year over year and $60.07 million higher than expected. Ubiquiti Inc. (NYSE: UI) also declared a quarterly dividend of $0.40 per share, in line with the previous.

The hedge fund chaired by Stephen White holds 100,000 shares in Ubiquiti Inc. (NYSE: UI) worth over $31 million, representing 11.94% of their portfolio. In addition, the hedge fund has increased stake in the firm by 3% in the second quarter of 2021. Ubiquiti Inc. (NYSE: UI) is also getting the attention of the smart money, as 23 hedge funds tracked by Insider Monkey reported owning stakes in the company in the second quarter, up from 19 funds a quarter earlier.