Ubiquiti (NYSE:UI) Sets New 12-Month High – What’s Next?

Ubiquiti Inc. (NYSE:UI) reached a new 52-week high on Monday . The company traded as high as $254.10 and last traded at $252.68, with a volume of 7811 shares changing hands. The stock had previously closed at $251.45.

Wall Street Analyst Weigh In

Several research firms recently commented on UI. BWS Financial raised their target price on Ubiquiti from $160.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. StockNews.com downgraded Ubiquiti from a “buy” rating to a “hold” rating in a report on Tuesday, September 3rd. Finally, Barclays dropped their target price on Ubiquiti from $108.00 to $104.00 and set an “underweight” rating for the company in a research report on Tuesday, August 27th.

Ubiquiti Stock Up 1.1 %

The company has a current ratio of 3.22, a quick ratio of 1.59 and a debt-to-equity ratio of 7.05. The firm has a market cap of $15.37 billion, a P/E ratio of 43.43 and a beta of 1.16. The firm’s 50 day moving average is $207.34 and its two-hundred day moving average is $164.55.

Ubiquiti (NYSE:UI) last announced its quarterly earnings results on Friday, August 23rd. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.17). The firm had revenue of $507.50 million during the quarter, compared to analyst estimates of $538.23 million. Ubiquiti had a net margin of 18.15% and a return on equity of 3,321.33%. Ubiquiti’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, research analysts anticipate that Ubiquiti Inc. will post 7.09 EPS for the current fiscal year.

Ubiquiti Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Tuesday, September 3rd were given a $0.60 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $2.40 annualized dividend and a dividend yield of 0.94%. Ubiquiti’s dividend payout ratio is presently 41.45%.

Institutional Trading of Ubiquiti

Hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC bought a new stake in shares of Ubiquiti during the second quarter worth $44,000. Covestor Ltd increased its holdings in Ubiquiti by 29.0% during the 1st quarter. Covestor Ltd now owns 516 shares of the company’s stock worth $60,000 after purchasing an additional 116 shares in the last quarter. EntryPoint Capital LLC raised its stake in shares of Ubiquiti by 123.4% in the 1st quarter. EntryPoint Capital LLC now owns 735 shares of the company’s stock valued at $85,000 after purchasing an additional 406 shares during the period. Valeo Financial Advisors LLC bought a new stake in shares of Ubiquiti in the third quarter valued at about $222,000. Finally, CWM LLC boosted its position in shares of Ubiquiti by 81.2% during the third quarter. CWM LLC now owns 1,486 shares of the company’s stock worth $329,000 after buying an additional 666 shares during the period. 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.