Ubiquiti (NYSE:UI) Reaches New 12-Month High – Still a Buy?

Ubiquiti Inc. (NYSE:UI) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $277.27 and last traded at $277.27, with a volume of 18056 shares trading hands. The stock had previously closed at $270.41.

Analysts Set New Price Targets

A number of research firms have issued reports on UI. Barclays cut their price target on Ubiquiti from $108.00 to $104.00 and set an “underweight” rating for the company in a research note on Tuesday, August 27th. BWS Financial upped their price target on Ubiquiti from $160.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Finally, StockNews.com cut Ubiquiti from a “buy” rating to a “hold” rating in a research report on Tuesday, September 3rd.

Ubiquiti Stock Down 1.8 %

The company has a market cap of $15.79 billion, a PE ratio of 45.10 and a beta of 1.13. The company has a debt-to-equity ratio of 7.05, a quick ratio of 1.59 and a current ratio of 3.22. The company has a fifty day moving average of $226.07 and a two-hundred day moving average of $177.25.

Ubiquiti (NYSE:UI) last released its earnings results on Friday, August 23rd. The company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.17). Ubiquiti had a net margin of 18.15% and a return on equity of 3,321.33%. The business had revenue of $507.50 million for the quarter, compared to the consensus estimate of $538.23 million. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, analysts anticipate that Ubiquiti Inc. will post 7.09 earnings per share 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 paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Tuesday, September 3rd. Ubiquiti’s dividend payout ratio (DPR) is 41.45%.

Institutional Investors Weigh In On Ubiquiti

A number of institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank increased its position in shares of Ubiquiti by 267.6% during the third quarter. Huntington National Bank now owns 125 shares of the company’s stock worth $28,000 after purchasing an additional 91 shares in the last quarter. Raleigh Capital Management Inc. acquired a new stake in Ubiquiti in the third quarter worth about $47,000. nVerses Capital LLC purchased a new stake in shares of Ubiquiti during the second quarter worth about $44,000. Hanseatic Management Services Inc. acquired a new position in shares of Ubiquiti during the third quarter valued at about $76,000. Finally, Covestor Ltd raised its holdings in shares of Ubiquiti by 29.0% in the first quarter. Covestor Ltd now owns 516 shares of the company’s stock worth $60,000 after buying an additional 116 shares during the last quarter. 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.