Ubiquiti (NYSE:UI) Hits New 52-Week High - What's Next?

Key Points

• Ubiquiti shares hit a new 52-week high of $814.92 (last $809.64) on Tuesday, rising about 5.8% on ~79,235 shares traded.
• The company posted a quarterly EPS of $3.88 vs. $3.08 expected and revenue of $814.9M (up 35.8% YoY), with strong margins (29.9%) and ROE (113.2%).
• Analyst views are mixed: MarketBeat shows a "Moderate Buy" consensus but a consensus target of $615.67, well below the current share price, reflecting divergent ratings from strong-buy to underweight.

Shares of Ubiquiti Inc. (NYSE:UI - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $814.92 and last traded at $809.64, with a volume of 79235 shares. The stock had previously closed at $765.27.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on UI. Wall Street Zen upgraded shares of Ubiquiti from a "hold" rating to a "buy" rating in a report on Sunday, March 1st. BWS Financial reiterated a "buy" rating and issued a $720.00 target price on shares of Ubiquiti in a research report on Monday, February 9th. Zacks Research raised shares of Ubiquiti from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 3rd. Barclays upped their price target on shares of Ubiquiti from $455.00 to $527.00 and gave the company an "underweight" rating in a research report on Friday, February 6th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Ubiquiti in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $615.67.

Ubiquiti Stock Up 5.8%

The firm's fifty day moving average price is $679.42 and its 200-day moving average price is $643.13. The stock has a market cap of $49.00 billion, a P/E ratio of 55.15 and a beta of 1.33.

Ubiquiti (NYSE:UI - Get Free Report) last posted its quarterly earnings results on Friday, February 6th. The company reported $3.88 EPS for the quarter, beating analysts' consensus estimates of $3.08 by $0.80. The company had revenue of $814.87 million during the quarter, compared to analyst estimates of $716.95 million. Ubiquiti had a net margin of 29.90% and a return on equity of 113.21%. The firm's revenue was up 35.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.28 EPS. Sell-side analysts predict that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Stockholders of record on Tuesday, February 17th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend 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

Several large investors have recently modified their holdings of the business. Blue Trust Inc. raised its position in Ubiquiti by 87.5% during the 4th quarter. Blue Trust Inc. now owns 45 shares of the company's stock valued at $25,000 after purchasing an additional 21 shares during the last quarter. Cherry Tree Wealth Management LLC bought a new stake in shares of Ubiquiti in the 3rd quarter worth approximately $33,000. Quarry LP purchased a new position in shares of Ubiquiti during the third quarter valued at approximately $34,000. CIBC Private Wealth Group LLC increased its stake in shares of Ubiquiti by 238.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company's stock valued at $39,000 after buying an additional 50 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its holdings in shares of Ubiquiti by 216.0% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79 shares of the company's stock valued at $44,000 after acquiring an additional 54 shares in the last quarter. 4.00% of the stock is owned by institutional investors.

About Ubiquiti

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.

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