Ubiquiti Inc. (NYSE:UI) Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 20.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,813 shares of the company's stock after buying an additional 5,045 shares during the quarter. JPMorgan Chase & Co.'s holdings in Ubiquiti were worth $6,610,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE boosted its stake in Ubiquiti by 3.9% during the 3rd quarter. US Bancorp DE now owns 1,537 shares of the company's stock valued at $341,000 after acquiring an additional 57 shares during the last quarter. CIBC Asset Management Inc grew its stake in Ubiquiti by 3.4% in the third quarter. CIBC Asset Management Inc now owns 1,768 shares of the company's stock worth $392,000 after purchasing an additional 58 shares in the last quarter. Huntington National Bank raised its stake in Ubiquiti by 267.6% during the third quarter. Huntington National Bank now owns 125 shares of the company's stock valued at $28,000 after buying an additional 91 shares in the last quarter. Willis Investment Counsel raised its stake in Ubiquiti by 6.0% during the third quarter. Willis Investment Counsel now owns 3,250 shares of the company's stock valued at $721,000 after buying an additional 185 shares in the last quarter. Finally, Raleigh Capital Management Inc. bought a new position in Ubiquiti during the 3rd quarter worth approximately $47,000. 4.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays increased their price objective on shares of Ubiquiti from $104.00 to $236.00 and gave the stock an "underweight" rating in a report on Monday, November 11th. StockNews.com raised Ubiquiti from a "hold" rating to a "buy" rating in a report on Sunday, November 17th. Finally, BWS Financial increased their price objective on Ubiquiti from $385.00 to $440.00 and gave the stock a "buy" rating in a report on Wednesday.

Ubiquiti Price Performance

UI stock traded down $0.73 on Thursday, hitting $410.33. 125,232 shares of the company's stock traded hands, compared to its average volume of 99,573. The stock has a market cap of $24.81 billion, a price-to-earnings ratio of 63.52 and a beta of 1.14. Ubiquiti Inc. has a 1-year low of $104.24 and a 1-year high of $422.92. The company has a current ratio of 2.54, a quick ratio of 1.32 and a debt-to-equity ratio of 2.80. The stock has a fifty day moving average of $345.45 and a 200-day moving average of $251.48.

Ubiquiti Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Monday, November 18th. Ubiquiti's dividend payout ratio is presently 37.15%.

Ubiquiti 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.