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

Ubiquiti Inc. (NYSE:UI) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $429.74 and last traded at $419.96, with a volume of 11798 shares traded. The stock had previously closed at $415.35.

Analysts Set New Price Targets

Several equities analysts recently issued reports on UI shares. Barclays raised their price target on 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 $385.00 to $440.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, StockNews.com upgraded Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th.

Ubiquiti Stock Up 0.6 %

The company has a 50 day moving average price of $352.97 and a two-hundred day moving average price of $259.60. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.32. The stock has a market cap of $25.26 billion, a PE ratio of 64.87 and a beta of 1.14.

Ubiquiti (NYSE:UI) last posted its quarterly earnings results on Friday, November 8th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.37. Ubiquiti had a return on equity of 532.06% and a net margin of 19.36%. The firm had revenue of $550.34 million during the quarter, compared to analysts’ expectations of $535.03 million. Analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Monday, November 18th. Ubiquiti’s payout ratio is currently 37.15%.

Institutional Trading of Ubiquiti

Several hedge funds have recently bought and sold shares of the stock. Huntington National Bank boosted its stake in shares of Ubiquiti by 267.6% in the third quarter. Huntington National Bank now owns 125 shares of the company’s stock worth $28,000 after acquiring an additional 91 shares during the period. Raleigh Capital Management Inc. bought a new position in shares of Ubiquiti in the third quarter worth about $47,000. Blue Trust Inc. boosted its stake in shares of Ubiquiti by 78.8% in the fourth quarter. Blue Trust Inc. now owns 143 shares of the company’s stock worth $47,000 after acquiring an additional 63 shares during the period. Hanseatic Management Services Inc. bought a new position in shares of Ubiquiti in the third quarter worth about $76,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Ubiquiti in the third quarter worth about $126,000. Institutional investors 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.