Ubiquiti (NYSE:UI) Upgraded to "Hold" by StockNews.com

StockNews.com upgraded shares of Ubiquiti (NYSE:UI - Free Report) from a sell rating to a hold rating in a research report released on Thursday.

A number of other equities research analysts have also recently commented on UI. Barclays reduced their price target on shares of Ubiquiti from $105.00 to $93.00 and set an underweight rating for the company in a report on Monday, February 12th. BWS Financial restated a buy rating and issued a $160.00 price target on shares of Ubiquiti in a report on Monday, April 8th.

Ubiquiti Price Performance

Shares of UI traded down $0.96 during trading hours on Thursday, hitting $105.11. 80,948 shares of the stock were exchanged, compared to its average volume of 90,110. Ubiquiti has a fifty-two week low of $103.00 and a fifty-two week high of $252.23. The business has a 50-day moving average of $115.90 and a 200-day moving average of $121.36. The firm has a market capitalization of $6.35 billion, a P/E ratio of 17.23 and a beta of 1.23.

Ubiquiti (NYSE:UI - Get Free Report) last posted its quarterly earnings data on Friday, February 9th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.57). Ubiquiti had a negative return on equity of 392.74% and a net margin of 19.83%. The firm had revenue of $464.95 million for the quarter, compared to analyst estimates of $488.56 million. As a group, analysts forecast that Ubiquiti will post 6.5 earnings per share for the current fiscal year.

Ubiquiti Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Tuesday, February 20th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Friday, February 16th. Ubiquiti's payout ratio is 38.96%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. American National Bank lifted its stake in shares of Ubiquiti by 744.4% in the first quarter. American National Bank now owns 4,163 shares of the company's stock valued at $482,000 after buying an additional 3,670 shares in the last quarter. Fairman Group LLC bought a new position in shares of Ubiquiti in the fourth quarter valued at $52,000. Quadrature Capital Ltd bought a new position in shares of Ubiquiti in the fourth quarter valued at $1,461,000. Vanguard Group Inc. lifted its stake in shares of Ubiquiti by 4.9% in the fourth quarter. Vanguard Group Inc. now owns 78,831 shares of the company's stock valued at $11,002,000 after buying an additional 3,659 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Ubiquiti by 10.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,256 shares of the company's stock valued at $455,000 after buying an additional 319 shares in the last quarter. 4.00% of the stock is owned by institutional investors.

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.