Ubiquiti (NYSE:UI) Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Ubiquiti (NYSE:UI) from a buy rating to a hold rating in a report issued on Tuesday morning.

A number of other brokerages have also commented on UI. BWS Financial lifted their price target on shares of Ubiquiti from $160.00 to $240.00 and gave the stock a buy rating in a report on Monday, August 26th. Barclays dropped their price target on Ubiquiti from $108.00 to $104.00 and set an underweight rating on the stock in a research note on Tuesday, August 27th.

Ubiquiti Price Performance

NYSE:UI opened at $195.39 on Tuesday. The company has a 50-day moving average of $170.65 and a 200-day moving average of $140.61. The company has a market capitalization of $11.82 billion, a price-to-earnings ratio of 33.75 and a beta of 1.16. The company has a debt-to-equity ratio of 7.05, a quick ratio of 1.59 and a current ratio of 3.22. Ubiquiti has a 52 week low of $103.00 and a 52 week high of $210.00.

Ubiquiti (NYSE:UI) last released its 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 net margin of 18.15% and a return on equity of 3,321.33%. The firm had revenue of $507.50 million during the quarter, compared to the consensus estimate of $538.23 million. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities research analysts anticipate that Ubiquiti will post 6.36 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 9th. Stockholders of record on Tuesday, September 3rd will be given a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $2.40 annualized dividend and a dividend yield of 1.23%. Ubiquiti’s dividend payout ratio (DPR) is 41.45%.

Institutional Investors Weigh In On Ubiquiti

Several large investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC boosted its stake in shares of Ubiquiti by 435.0% during the fourth quarter. Quadrant Capital Group LLC now owns 214 shares of the company’s stock valued at $30,000 after acquiring an additional 174 shares during the last quarter. Parallel Advisors LLC boosted its position in Ubiquiti by 116.5% during the 4th quarter. Parallel Advisors LLC now owns 223 shares of the company’s stock worth $31,000 after acquiring an additional 120 shares during the period. nVerses Capital LLC bought a new stake in Ubiquiti in the second quarter worth about $44,000. Fairman Group LLC purchased a new stake in shares of Ubiquiti in the fourth quarter valued at $52,000. Finally, Covestor Ltd lifted its position in Ubiquiti by 29.0% in the 1st quarter. Covestor Ltd now owns 516 shares of the company’s stock worth $60,000 after buying an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 4.00% of the company’s stock.

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.