Ubiquiti (NYSE:UI) Hits New 52-Week High – Time to Buy?

Ubiquiti Inc. (NYSE:UI) reached a new 52-week high on Monday . The stock traded as high as $1,093.40 and last traded at $1,084.0450, with a volume of 6581 shares. The stock had previously closed at $1,084.50.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on UI shares. BWS Financial boosted their price objective on Ubiquiti from $720.00 to $980.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Weiss Ratings raised Ubiquiti from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. Barclays boosted their price objective on Ubiquiti from $455.00 to $527.00 and gave the stock an “underweight” rating in a research report on Friday, February 6th. Finally, Wall Street Zen raised Ubiquiti from a “hold” rating to a “buy” rating in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $702.33.

Ubiquiti Trading Down 0.2%

The firm has a market cap of $65.53 billion, a price-to-earnings ratio of 73.76 and a beta of 1.32. The firm has a 50-day moving average of $801.18 and a two-hundred day moving average of $677.25.

Ubiquiti (NYSE:UI) last posted its quarterly earnings data on Friday, February 6th. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.80. The business had revenue of $814.87 million during the quarter, compared to analysts’ expectations of $716.95 million. Ubiquiti had a return on equity of 113.21% and a net margin of 29.90%.The firm’s revenue was up 35.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.28 EPS. As a group, equities analysts anticipate that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th were issued a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $3.20 annualized dividend and a yield of 0.3%. Ubiquiti’s dividend payout ratio is 21.80%.

Hedge Funds Weigh In On Ubiquiti

Large investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP raised its holdings in Ubiquiti by 132.8% in the 3rd quarter. GSA Capital Partners LLP now owns 3,448 shares of the company’s stock valued at $2,278,000 after acquiring an additional 1,967 shares in the last quarter. Range Financial Group LLC acquired a new position in Ubiquiti in the 3rd quarter valued at approximately $1,468,000. Jupiter Asset Management Ltd. acquired a new position in Ubiquiti in the 3rd quarter valued at approximately $1,127,000. Tudor Investment Corp ET AL raised its holdings in Ubiquiti by 2,268.1% in the 3rd quarter. Tudor Investment Corp ET AL now owns 20,271 shares of the company’s stock valued at $13,391,000 after acquiring an additional 19,415 shares in the last quarter. Finally, Trek Financial LLC raised its holdings in Ubiquiti by 379.7% in the 3rd quarter. Trek Financial LLC now owns 7,076 shares of the company’s stock valued at $4,674,000 after acquiring an additional 5,601 shares in the last quarter. Institutional investors and hedge funds own 4.00% of the company’s stock.

Ubiquiti Company Profile

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.