Ubiquiti (NYSE:UI) Hits New 12-Month High – Should You Buy?

Shares of Ubiquiti Inc. (NYSE:UI) hit a new 52-week high during trading on Tuesday . The company traded as high as $385.00 and last traded at $380.34, with a volume of 12114 shares traded. The stock had previously closed at $362.43.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on UI shares. BWS Financial upped their target price on shares of Ubiquiti from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays increased their price objective on shares of Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a report on Monday, November 11th. Finally, StockNews.com raised shares of 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 $24.85 billion, a P/E ratio of 63.62 and a beta of 1.14. The stock has a fifty day simple moving average of $342.27 and a 200-day simple moving average of $250.36. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 2.80.

Ubiquiti Dividend Announcement

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

Institutional Investors Weigh In On Ubiquiti

Hedge funds have recently bought and sold shares of the company. Hanseatic Management Services Inc. increased its position in shares of Ubiquiti by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 384 shares of the company’s stock valued at $127,000 after buying an additional 41 shares in the last quarter. US Bancorp DE grew its stake in Ubiquiti by 3.9% in the third 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 period. 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 valued at $392,000 after acquiring an additional 58 shares during the period. Huntington National Bank increased its holdings in shares of Ubiquiti by 267.6% in the third quarter. Huntington National Bank now owns 125 shares of the company’s stock worth $28,000 after acquiring an additional 91 shares in the last quarter. Finally, Willis Investment Counsel raised its position in shares of Ubiquiti by 6.0% during 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 during the period. 4.00% of the stock is currently owned by institutional investors and hedge funds.

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.