Ubiquiti (NYSE:UI) Sees Large Volume Increase

Ubiquiti Inc. (NYSE:UIGet Rating) saw strong trading volume on Tuesday . 6,667 shares were traded during mid-day trading, a decline of 90% from the previous session’s volume of 64,111 shares.The stock last traded at $293.97 and had previously closed at $288.04.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Barclays dropped their price target on Ubiquiti from $239.00 to $221.00 and set an “underweight” rating on the stock in a research note on Sunday, November 6th. StockNews.com assumed coverage on Ubiquiti in a report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, BWS Financial increased their price target on Ubiquiti from $345.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, September 6th.

Ubiquiti Price Performance

The company has a market capitalization of $17.71 billion, a P/E ratio of 52.81 and a beta of 1.37. The company has a fifty day moving average price of $310.54 and a 200 day moving average price of $308.22.

Ubiquiti (NYSE:UIGet Rating) last announced its quarterly earnings data on Friday, August 26th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.29. The business had revenue of $443.15 million during the quarter, compared to analyst estimates of $386.97 million. Ubiquiti had a negative return on equity of 129.71% and a net margin of 19.63%. On average, equities research analysts predict that Ubiquiti Inc. will post 7.11 earnings per share for the current fiscal year.

Ubiquiti Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 21st. Investors of record on Monday, November 14th were given a $0.60 dividend. This is a boost from Ubiquiti’s previous quarterly dividend of $0.30. This represents a $2.40 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, November 10th. Ubiquiti’s payout ratio is currently 43.24%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. raised its stake in shares of Ubiquiti by 2.8% during the first quarter. Oppenheimer & Co. Inc. now owns 18,878 shares of the company’s stock valued at $5,497,000 after acquiring an additional 519 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Ubiquiti by 8.9% in the first quarter. Commonwealth Equity Services LLC now owns 1,524 shares of the company’s stock worth $443,000 after acquiring an additional 124 shares during the period. Illinois Municipal Retirement Fund grew its position in shares of Ubiquiti by 39.6% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 6,516 shares of the company’s stock worth $1,617,000 after buying an additional 1,849 shares during the period. GSA Capital Partners LLP grew its position in shares of Ubiquiti by 49.3% in the 1st quarter. GSA Capital Partners LLP now owns 4,453 shares of the company’s stock worth $1,297,000 after buying an additional 1,470 shares during the period. Finally, Motley Fool Asset Management LLC grew its position in Ubiquiti by 4,707.1% during the 1st quarter. Motley Fool Asset Management LLC now owns 1,346 shares of the company’s stock valued at $392,000 after purchasing an additional 1,318 shares during the last quarter. Institutional investors and hedge funds own 4.07% of the company’s stock.

Ubiquiti Company Profile

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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, and other WLAN products.

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