Shares of Ubiquiti Inc. (NYSE:UI – Get Rating) saw an uptick in trading volume on Tuesday . 6,667 shares were traded during mid-day trading, a decline of 90% from the previous session’s volume of 64,111 shares.The stock last traded at $293.97 and had previously closed at $288.04.
Analyst Ratings Changes
UI has been the topic of several recent research reports. Barclays decreased their price target on Ubiquiti from $239.00 to $221.00 and set an “underweight” rating on the stock in a report on Sunday, November 6th. StockNews.com initiated coverage on Ubiquiti in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, BWS Financial upped their price target on Ubiquiti from $345.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, September 6th.
Ubiquiti Trading Down 0.4 %
The firm has a market cap of $17.71 billion, a PE ratio of 52.81 and a beta of 1.37. The business has a fifty day moving average price of $310.54 and a 200 day moving average price of $308.22.
Ubiquiti Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Monday, November 14th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.82%. This is a boost from Ubiquiti’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, November 10th. Ubiquiti’s dividend payout ratio (DPR) is presently 43.24%.
Hedge Funds Weigh In On Ubiquiti
Large investors have recently modified their holdings of the business. Denali Advisors LLC purchased a new position in shares of Ubiquiti during the 3rd quarter worth approximately $29,000. Sandy Spring Bank acquired a new stake in shares of Ubiquiti during the third quarter worth $30,000. Edmond DE Rothschild Holding S.A. boosted its holdings in shares of Ubiquiti by 895.0% during the third quarter. Edmond DE Rothschild Holding S.A. now owns 199 shares of the company’s stock worth $58,000 after purchasing an additional 179 shares during the last quarter. Vestor Capital LLC acquired a new position in shares of Ubiquiti during the first quarter worth about $58,000. Finally, Newfound Research LLC acquired a new position in shares of Ubiquiti during the first quarter worth about $73,000. 4.07% of the stock is owned by hedge funds and other institutional investors.
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, and other WLAN products.
- Get a free copy of the StockNews.com research report on Ubiquiti (UI)
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