Ubiquiti (NYSE:UI) Sets New 1-Year High at $181.90

Ubiquiti Inc. (NYSE:UI)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $181.90 and last traded at $181.90, with a volume of 9762 shares changing hands. The stock had previously closed at $177.00.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UI. StockNews.com upgraded shares of Ubiquiti from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th. BWS Financial restated a “buy” rating and issued a $160.00 price objective on shares of Ubiquiti in a research report on Monday, July 8th. Finally, Barclays raised their price objective on shares of Ubiquiti from $93.00 to $108.00 and gave the company an “underweight” rating in a research report on Monday, May 13th.

Ubiquiti Stock Performance

The stock’s 50-day moving average price is $153.34 and its 200-day moving average price is $131.52. The company has a debt-to-equity ratio of 32.43, a quick ratio of 1.84 and a current ratio of 3.95. The company has a market capitalization of $11.19 billion, a price-to-earnings ratio of 31.96 and a beta of 1.18.

Ubiquiti (NYSE:UI) last posted its quarterly earnings results on Friday, May 10th. The company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.51). Ubiquiti had a net margin of 18.30% and a negative return on equity of 829.74%. The company had revenue of $493.00 million for the quarter, compared to analyst estimates of $497.51 million. As a group, equities research analysts expect that Ubiquiti Inc. will post 5.71 earnings per share for the current year.

Ubiquiti Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 20th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.30%. Ubiquiti’s payout ratio is 41.45%.

Institutional Investors Weigh In On Ubiquiti

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of Ubiquiti during the 4th quarter worth approximately $437,000. Signaturefd LLC raised its position in shares of Ubiquiti by 105.4% during the 4th quarter. Signaturefd LLC now owns 415 shares of the company’s stock worth $58,000 after purchasing an additional 213 shares during the last quarter. CWM LLC raised its position in shares of Ubiquiti by 42.7% during the 4th quarter. CWM LLC now owns 942 shares of the company’s stock worth $131,000 after purchasing an additional 282 shares during the last quarter. Hussman Strategic Advisors Inc. raised its position in shares of Ubiquiti by 68.4% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 31,500 shares of the company’s stock worth $4,396,000 after purchasing an additional 12,800 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. raised its position in shares of Ubiquiti by 27.6% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 1,915 shares of the company’s stock worth $267,000 after purchasing an additional 414 shares during the last quarter. 4.00% of the stock is currently owned by institutional investors and hedge funds.

About Ubiquiti

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.