Ubiquiti (NYSE:UI) Reaches New 1-Year High – Time to Buy?

Shares of Ubiquiti Inc. (NYSE:UI) reached a new 52-week high during trading on Wednesday . The company traded as high as $870.00 and last traded at $890.15, with a volume of 1009 shares. The stock had previously closed at $836.90.

Wall Street Analyst Weigh In

A number of analysts have recently commented on UI shares. Wall Street Zen upgraded Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Barclays upped their price objective on Ubiquiti from $455.00 to $527.00 and gave the stock an “underweight” rating in a report on Friday, February 6th. Weiss Ratings raised Ubiquiti from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. Finally, BWS Financial reaffirmed a “buy” rating and issued a $720.00 price objective on shares of Ubiquiti in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Ubiquiti has an average rating of “Moderate Buy” and a consensus price target of $615.67.

Ubiquiti Trading Up 5.8%

The business’s 50-day moving average is $735.78 and its two-hundred day moving average is $659.09. The stock has a market capitalization of $53.58 billion, a PE ratio of 60.29 and a beta of 1.32.

Ubiquiti (NYSE:UI) last announced its quarterly earnings results on Friday, February 6th. The company reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.80. Ubiquiti had a net margin of 29.90% and a return on equity of 113.21%. The firm had revenue of $814.87 million during the quarter, compared to analysts’ expectations of $716.95 million. During the same period in the prior year, the company earned $2.28 EPS. The firm’s revenue was up 35.8% on a year-over-year basis. On average, analysts predict that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Tuesday, February 17th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, February 17th. Ubiquiti’s dividend payout ratio is 21.80%.

Institutional Trading of Ubiquiti

A number of institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC boosted its position in Ubiquiti by 73,940.4% during the 4th quarter. Corient Private Wealth LLC now owns 1,113,568 shares of the company’s stock worth $616,193,000 after purchasing an additional 1,112,064 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Ubiquiti by 11.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 183,464 shares of the company’s stock valued at $101,520,000 after acquiring an additional 19,504 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Ubiquiti by 244.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 155,916 shares of the company’s stock valued at $88,815,000 after acquiring an additional 110,632 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Ubiquiti by 40.3% during the third quarter. Pacer Advisors Inc. now owns 105,858 shares of the company’s stock valued at $69,928,000 after acquiring an additional 30,420 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of Ubiquiti by 7.7% during the fourth quarter. Morgan Stanley now owns 102,022 shares of the company’s stock valued at $56,454,000 after acquiring an additional 7,338 shares in the last quarter. 4.00% of the stock is owned by hedge funds and other institutional investors.

Ubiquiti Company Profile

Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi‑Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well‑known lines—most notably UniFi for managed LAN/Wi‑Fi and networked video, AmpliFi for consumer Wi‑Fi, and product families targeting service‑provider and point‑to‑point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud‑enabled control as core features of its platform approach.