Ubiquiti (NYSE:UI) Hits New 1-Year High - Here's Why

Shares of Ubiquiti Inc. (NYSE:UI - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $429.74 and last traded at $419.96, with a volume of 11798 shares trading hands. The stock had previously closed at $415.35.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on UI shares. BWS Financial increased their price objective on shares of Ubiquiti from $385.00 to $440.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Barclays lifted 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. Finally, StockNews.com raised Ubiquiti from a "hold" rating to a "buy" rating in a research note on Sunday, November 17th.

Ubiquiti Price Performance

The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.32 and a current ratio of 2.54. The company has a market cap of $25.13 billion, a price-to-earnings ratio of 64.32 and a beta of 1.14. The company's 50 day moving average price is $352.97 and its 200-day moving average price is $259.60.

Ubiquiti (NYSE:UI - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.75 by $0.37. The firm had revenue of $550.34 million for the quarter, compared to analysts' expectations of $535.03 million. Ubiquiti had a return on equity of 532.06% and a net margin of 19.36%. On average, equities research analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Dividend Announcement

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

Institutional Trading of Ubiquiti

Several large investors have recently added to or reduced their stakes in UI. Barclays PLC lifted its position in shares of Ubiquiti by 4,880.2% in the 3rd quarter. Barclays PLC now owns 13,347 shares of the company's stock worth $2,959,000 after acquiring an additional 13,079 shares during the period. Empowered Funds LLC acquired a new stake in Ubiquiti during the 3rd quarter worth $323,000. Algert Global LLC acquired a new position in shares of Ubiquiti during the 3rd quarter worth about $838,000. MML Investors Services LLC acquired a new position in shares of Ubiquiti in the 3rd quarter valued at $327,000. Finally, Semanteon Capital Management LP acquired a new position in Ubiquiti in the third quarter valued at about $599,000. 4.00% of the stock is owned by institutional investors.

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.