Ubiquiti (NYSE:UI) Reaches New 12-Month High – Here’s What Happened

Shares of Ubiquiti Inc. (NYSE:UI) hit a new 52-week high during trading on Friday . The company traded as high as $357.92 and last traded at $356.99, with a volume of 10660 shares traded. The stock had previously closed at $345.72.

Analyst Ratings Changes

UI has been the topic of several research analyst reports. Barclays raised their price target on shares of Ubiquiti from $104.00 to $236.00 and gave the stock an “underweight” rating in a research report on Monday, November 11th. BWS Financial raised their target price on Ubiquiti from $240.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, November 17th.

Ubiquiti Stock Up 2.1 %

The business has a fifty day simple moving average of $257.55 and a two-hundred day simple moving average of $194.30. The company has a market capitalization of $21.34 billion, a price-to-earnings ratio of 53.34 and a beta of 1.13. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 2.80.

Ubiquiti (NYSE:UI) last issued its quarterly earnings data on Friday, August 23rd. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.17). Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. The company had revenue of $507.50 million for the quarter, compared to the consensus estimate of $538.23 million. Ubiquiti’s revenue was up 3.3% compared to the same quarter last year. Equities analysts expect that Ubiquiti Inc. will post 7.09 EPS for the current year.

Ubiquiti Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be given a $0.60 dividend. The ex-dividend date is Monday, November 18th. This represents a $2.40 dividend on an annualized basis and a yield of 0.68%. Ubiquiti’s dividend payout ratio (DPR) is presently 37.15%.

Institutional Trading of Ubiquiti

Several hedge funds have recently modified their holdings of UI. Vanguard Group Inc. raised its stake in shares of Ubiquiti by 24.1% in the first quarter. Vanguard Group Inc. now owns 97,817 shares of the company’s stock worth $11,332,000 after acquiring an additional 18,986 shares during the last quarter. Semanteon Capital Management LP acquired a new stake in Ubiquiti during the 3rd quarter worth $599,000. Marshall Wace LLP raised its position in shares of Ubiquiti by 104.4% during the 2nd quarter. Marshall Wace LLP now owns 5,980 shares of the company’s stock valued at $871,000 after acquiring an additional 3,054 shares during the last quarter. Covestor Ltd lifted its stake in shares of Ubiquiti by 29.0% in the 1st quarter. Covestor Ltd now owns 516 shares of the company’s stock valued at $60,000 after purchasing an additional 116 shares during the period. Finally, Creative Planning boosted its position in shares of Ubiquiti by 51.6% in the 3rd quarter. Creative Planning now owns 4,008 shares of the company’s stock worth $889,000 after purchasing an additional 1,365 shares during the last quarter. Institutional investors and hedge funds own 4.00% of the company’s stock.

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.