Ubiquiti (NYSE:UI) Sets New 1-Year High – Should You Buy?

Ubiquiti Inc. (NYSE:UI)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $870.00 and last traded at $890.15, with a volume of 1009 shares changing hands. The stock had previously closed at $836.90.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UI. BWS Financial restated a “buy” rating and set a $720.00 target price on shares of Ubiquiti in a research note on Monday, February 9th. Barclays raised their target price on Ubiquiti from $455.00 to $527.00 and gave the company an “underweight” rating in a research note on Friday, February 6th. Wall Street Zen upgraded Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Finally, Weiss Ratings upgraded Ubiquiti from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $615.67.

Ubiquiti Price Performance

The firm’s 50-day moving average price is $735.78 and its 200 day moving average price is $659.09. The firm has a market cap of $53.58 billion, a P/E ratio of 60.29 and a beta of 1.32.

Ubiquiti (NYSE:UI) last issued its quarterly earnings results on Friday, February 6th. The company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.08 by $0.80. Ubiquiti had a net margin of 29.90% and a return on equity of 113.21%. The business had revenue of $814.87 million for the quarter, compared to analysts’ expectations of $716.95 million. During the same quarter last year, the company posted $2.28 earnings per share. The company’s quarterly revenue was up 35.8% compared to the same quarter last year. Analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Announces Dividend

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

Hedge Funds Weigh In On Ubiquiti

Large investors have recently modified their holdings of the stock. GSA Capital Partners LLP lifted its holdings in Ubiquiti by 132.8% in the third quarter. GSA Capital Partners LLP now owns 3,448 shares of the company’s stock worth $2,278,000 after acquiring an additional 1,967 shares during the last quarter. Range Financial Group LLC bought a new position in Ubiquiti in the third quarter worth about $1,468,000. Jupiter Asset Management Ltd. bought a new position in Ubiquiti in the third quarter worth about $1,127,000. Trek Financial LLC lifted its holdings in Ubiquiti by 379.7% in the third quarter. Trek Financial LLC now owns 7,076 shares of the company’s stock worth $4,674,000 after acquiring an additional 5,601 shares during the last quarter. Finally, Tudor Investment Corp ET AL lifted its holdings in Ubiquiti by 2,268.1% in the third quarter. Tudor Investment Corp ET AL now owns 20,271 shares of the company’s stock worth $13,391,000 after acquiring an additional 19,415 shares during the last quarter. Institutional investors own 4.00% of the company’s stock.

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.