Ubiquiti Inc. (NYSE:UI – Get Free Report)’s stock price traded up 5.1% during trading on Friday . The stock traded as high as $624.18 and last traded at $623.00. 36,256 shares changed hands during trading, a decline of 69% from the average daily volume of 115,538 shares. The stock had previously closed at $592.85.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the company. Zacks Research downgraded Ubiquiti from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. BWS Financial reissued a “buy” rating and set a $980.00 target price on shares of Ubiquiti in a research report on Thursday. Barclays cut their price target on shares of Ubiquiti from $672.00 to $489.00 and set an “underweight” rating on the stock in a report on Monday. Finally, Weiss Ratings cut shares of Ubiquiti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $734.50.
Read Our Latest Stock Report on Ubiquiti
Ubiquiti Trading Up 3.4%
Ubiquiti (NYSE:UI – Get Free Report) last released its quarterly earnings data on Friday, August 21st. The company reported $4.73 EPS for the quarter, beating the consensus estimate of $4.03 by $0.70. The company had revenue of $937.32 million for the quarter, compared to analyst estimates of $850.50 million. Ubiquiti had a return on equity of 85.57% and a net margin of 29.33%.During the same period last year, the company posted $4.41 earnings per share. On average, analysts predict that Ubiquiti Inc. will post 15.53 EPS for the current year.
Ubiquiti Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 31st will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Ubiquiti’s previous quarterly dividend of $0.80. The ex-dividend date is Monday, August 31st. Ubiquiti’s payout ratio is 20.19%.
Hedge Funds Weigh In On Ubiquiti
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Corient Private Wealth LLC boosted its holdings in Ubiquiti by 73,940.4% in the 4th quarter. Corient Private Wealth LLC now owns 1,113,568 shares of the company’s stock worth $616,193,000 after acquiring an additional 1,112,064 shares during the period. BlackRock Inc. acquired a new stake in Ubiquiti in the second quarter valued at approximately $163,010,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Ubiquiti by 11.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 183,464 shares of the company’s stock valued at $101,520,000 after purchasing an additional 19,504 shares during the period. Morgan Stanley raised its stake in shares of Ubiquiti by 7.7% during the fourth quarter. Morgan Stanley now owns 102,022 shares of the company’s stock valued at $56,454,000 after purchasing an additional 7,338 shares during the period. Finally, Capital World Investors raised its stake in shares of Ubiquiti by 16.2% during the fourth quarter. Capital World Investors now owns 100,056 shares of the company’s stock valued at $55,366,000 after purchasing an additional 13,970 shares during the period. 4.00% of the stock is owned by institutional investors and hedge funds.
About Ubiquiti
Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi‑Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well‑known lines—most notably UniFi for managed LAN/Wi‑Fi and networked video, AmpliFi for consumer Wi‑Fi, and product families targeting service‑provider and point‑to‑point wireless broadband applications.
The company emphasizes integrated hardware and software solutions, with centralized management and cloud‑enabled control as core features of its platform approach.
Recommended Stories
- Five stocks we like better than Ubiquiti
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
- BWX Technologies’ Army Reactor Win Could Redraw Its Nuclear Growth Story
Receive News & Ratings for Ubiquiti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ubiquiti and related companies with MarketBeat.com's FREE daily email newsletter.
