BWS Financial Increases Ubiquiti (NYSE:UI) Price Target to $240.00

Ubiquiti (NYSE:UI) had its target price boosted by BWS Financial from $160.00 to $240.00 in a research note published on Monday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Separately, Barclays raised their price target on Ubiquiti from $93.00 to $108.00 and gave the stock an underweight rating in a research report on Monday, May 13th.

Ubiquiti Price Performance

NYSE UI opened at $205.86 on Monday. Ubiquiti has a 12 month low of $103.00 and a 12 month high of $210.00. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 35.55 and a beta of 1.18. The company’s 50 day moving average is $164.79 and its two-hundred day moving average is $137.75. The company has a current ratio of 3.95, a quick ratio of 1.84 and a debt-to-equity ratio of 32.43.

Ubiquiti (NYSE:UI) last released its quarterly earnings results on Friday, August 23rd. The company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.17). Ubiquiti had a negative return on equity of 829.74% and a net margin of 18.30%. The company had revenue of $507.50 million during the quarter, compared to analysts’ expectations of $538.23 million. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, research analysts anticipate that Ubiquiti will post 5.71 earnings per share for the current year.

Ubiquiti Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 9th. Shareholders of record on Tuesday, September 3rd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.17%. The ex-dividend date is Tuesday, September 3rd. Ubiquiti’s payout ratio is currently 41.45%.

Institutional Investors Weigh In On Ubiquiti

A number of institutional investors and hedge funds have recently modified their holdings of UI. Signaturefd LLC increased its stake in Ubiquiti by 105.4% in the 4th quarter. Signaturefd LLC now owns 415 shares of the company’s stock worth $58,000 after buying an additional 213 shares during the period. CWM LLC grew its stake in Ubiquiti by 42.7% in the 4th quarter. CWM LLC now owns 942 shares of the company’s stock worth $131,000 after acquiring an additional 282 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Ubiquiti during the fourth quarter worth approximately $42,000. National Bank of Canada FI raised its stake in shares of Ubiquiti by 258.1% during the fourth quarter. National Bank of Canada FI now owns 555 shares of the company’s stock valued at $76,000 after acquiring an additional 400 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Ubiquiti by 17.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 36,177 shares of the company’s stock valued at $5,049,000 after purchasing an additional 5,267 shares during the period. 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.