Ubiquiti (NYSE:UI) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Ubiquiti (NYSE:UI) from a hold rating to a buy rating in a research note issued to investors on Sunday morning.

A number of other equities research analysts also recently weighed in on UI. BWS Financial raised their target price on shares of Ubiquiti from $240.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Barclays raised their price objective on shares of Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a research report on Monday, November 11th.

Ubiquiti Stock Down 2.3 %

UI opened at $335.14 on Friday. The firm has a market capitalization of $20.27 billion, a P/E ratio of 51.88 and a beta of 1.13. Ubiquiti has a one year low of $104.24 and a one year high of $355.31. The company has a fifty day moving average price of $245.98 and a 200-day moving average price of $189.00. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.59.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, August 23rd. The company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.17). Ubiquiti had a return on equity of 532.06% and a net margin of 19.36%. The business had revenue of $507.50 million for the quarter, compared to analysts’ expectations of $538.23 million. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts expect that Ubiquiti will post 7.09 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, November 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.72%. Ubiquiti’s dividend payout ratio is 37.15%.

Institutional Trading of Ubiquiti

A number of hedge funds have recently bought and sold shares of the company. SW Investment Management LLC grew its stake in shares of Ubiquiti by 9.1% during the second quarter. SW Investment Management LLC now owns 300,000 shares of the company’s stock valued at $43,698,000 after buying an additional 25,000 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Ubiquiti by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 139,704 shares of the company’s stock valued at $20,349,000 after acquiring an additional 2,041 shares during the period. Vanguard Group Inc. grew its position in Ubiquiti by 24.1% during the 1st quarter. Vanguard Group Inc. now owns 97,817 shares of the company’s stock worth $11,332,000 after acquiring an additional 18,986 shares during the last quarter. Millennium Management LLC increased its stake in Ubiquiti by 86.2% in the 2nd quarter. Millennium Management LLC now owns 58,349 shares of the company’s stock worth $8,499,000 after purchasing an additional 27,011 shares during the period. Finally, Zacks Investment Management bought a new stake in Ubiquiti in the third quarter valued at approximately $8,892,000. 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.