Shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) have been given an average rating of “Buy” by the eight research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $31.60.
Several analysts have commented on UCTT shares. Stifel Nicolaus raised Ultra Clean from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Monday, December 4th. Zacks Investment Research upgraded Ultra Clean from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Wednesday, December 20th. Cowen upgraded Ultra Clean from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Thursday, January 18th. Finally, BidaskClub downgraded Ultra Clean from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st.
In other news, CEO James P. Scholhamer sold 29,949 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $27.05, for a total value of $810,120.45. Following the transaction, the chief executive officer now owns 336,028 shares in the company, valued at $9,089,557.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ronald D’ercole sold 3,009 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $21.41, for a total value of $64,422.69. Following the completion of the transaction, the senior vice president now owns 58,909 shares in the company, valued at approximately $1,261,241.69. The disclosure for this sale can be found here. In the last 90 days, insiders sold 94,727 shares of company stock worth $2,189,051. Company insiders own 2.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in UCTT. SG Americas Securities LLC purchased a new position in Ultra Clean during the third quarter worth approximately $120,000. Wedbush Securities Inc. purchased a new position in Ultra Clean during the fourth quarter worth approximately $212,000. Jefferies Group LLC purchased a new position in Ultra Clean during the fourth quarter worth approximately $232,000. Cetera Advisors LLC purchased a new position in Ultra Clean during the third quarter worth approximately $234,000. Finally, Moors & Cabot Inc. purchased a new position in Ultra Clean during the third quarter worth approximately $248,000. Hedge funds and other institutional investors own 68.66% of the company’s stock.
Shares of Ultra Clean (NASDAQ:UCTT) traded up $0.15 on Friday, reaching $20.29. The company’s stock had a trading volume of 88,095 shares, compared to its average volume of 1,538,200. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.82 and a current ratio of 1.97. Ultra Clean has a one year low of $14.80 and a one year high of $34.59. The firm has a market capitalization of $794.78, a price-to-earnings ratio of 9.33, a P/E/G ratio of 0.64 and a beta of 0.92.
Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). Ultra Clean had a net margin of 8.12% and a return on equity of 29.62%. The business had revenue of $248.89 million during the quarter, compared to analyst estimates of $248.73 million. During the same period in the previous year, the business posted $0.36 earnings per share. The firm’s revenue for the quarter was up 42.6% on a year-over-year basis. analysts anticipate that Ultra Clean will post 2.3 earnings per share for the current fiscal year.
About Ultra Clean
Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.
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