Ubiquiti (NYSE:UI) Hits New 1-Year High - What's Next?

Ubiquiti Inc. (NYSE:UI - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The company traded as high as $385.00 and last traded at $380.34, with a volume of 12114 shares changing hands. The stock had previously closed at $362.43.

Analysts Set New Price Targets

Several analysts have recently commented on UI shares. Barclays raised their target price on Ubiquiti from $104.00 to $236.00 and gave the company an "underweight" rating in a research note on Monday, November 11th. BWS Financial upped their target price on Ubiquiti from $385.00 to $440.00 and gave the company a "buy" rating in a report on Wednesday. Finally, StockNews.com raised Ubiquiti from a "hold" rating to a "buy" rating in a report on Sunday, November 17th.

Ubiquiti Stock Performance

The stock has a market cap of $24.81 billion, a P/E ratio of 63.52 and a beta of 1.14. The company has a 50 day simple moving average of $345.45 and a 200-day simple moving average of $251.48. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.32.

Ubiquiti Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Hanseatic Management Services Inc. raised its stake in Ubiquiti by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 384 shares of the company's stock valued at $127,000 after purchasing an additional 41 shares during the period. US Bancorp DE lifted its stake in Ubiquiti by 3.9% in the third quarter. US Bancorp DE now owns 1,537 shares of the company's stock worth $341,000 after purchasing an additional 57 shares during the last quarter. CIBC Asset Management Inc grew its position in Ubiquiti by 3.4% in the 3rd quarter. CIBC Asset Management Inc now owns 1,768 shares of the company's stock valued at $392,000 after acquiring an additional 58 shares during the last quarter. Huntington National Bank boosted its position in Ubiquiti by 267.6% in the 3rd quarter. Huntington National Bank now owns 125 shares of the company's stock valued at $28,000 after buying an additional 91 shares during the period. Finally, Willis Investment Counsel grew its stake in Ubiquiti by 6.0% in the third quarter. Willis Investment Counsel now owns 3,250 shares of the company's stock worth $721,000 after purchasing an additional 185 shares in 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.