Semanteon Capital Management LP bought a new position in Ubiquiti Inc. (NYSE:UI – Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,703 shares of the company’s stock, valued at approximately $599,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Ubiquiti by 24.1% in the first quarter. Vanguard Group Inc. now owns 97,817 shares of the company’s stock worth $11,332,000 after acquiring an additional 18,986 shares during the period. Capstone Investment Advisors LLC lifted its position in shares of Ubiquiti by 188.1% in the 1st quarter. Capstone Investment Advisors LLC now owns 17,215 shares of the company’s stock worth $1,994,000 after purchasing an additional 11,239 shares during the period. Catalytic Wealth RIA LLC bought a new position in shares of Ubiquiti during the first quarter valued at approximately $356,000. Marshall Wace LLP increased its holdings in Ubiquiti by 104.4% during the second quarter. Marshall Wace LLP now owns 5,980 shares of the company’s stock valued at $871,000 after buying an additional 3,054 shares during the period. Finally, Covestor Ltd raised its stake in Ubiquiti by 29.0% in the first 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. Institutional investors own 4.00% of the company’s stock.
Ubiquiti Stock Performance
Shares of Ubiquiti stock opened at $258.57 on Tuesday. The company has a 50 day moving average price of $216.74 and a 200 day moving average price of $170.57. The firm has a market capitalization of $15.64 billion, a P/E ratio of 44.66 and a beta of 1.16. The company has a quick ratio of 1.59, a current ratio of 3.22 and a debt-to-equity ratio of 7.05. Ubiquiti Inc. has a 52 week low of $103.00 and a 52 week high of $261.88.
Ubiquiti Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Tuesday, September 3rd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Tuesday, September 3rd. Ubiquiti’s dividend payout ratio is presently 41.45%.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the company. BWS Financial lifted their price target on Ubiquiti from $160.00 to $240.00 and gave the company a “buy” rating in a report on Monday, August 26th. StockNews.com lowered Ubiquiti from a “buy” rating to a “hold” rating in a research note on Tuesday, September 3rd. Finally, Barclays cut their price objective on shares of Ubiquiti from $108.00 to $104.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 27th.
Check Out Our Latest Research Report on UI
Ubiquiti 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.
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