Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Get Free Report) has earned a consensus rating of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $113.40.
Several brokerages have recently issued reports on UCTT. TD Cowen raised their target price on shares of Ultra Clean from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Needham & Company LLC boosted their price target on shares of Ultra Clean from $70.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings cut shares of Ultra Clean from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, July 24th. Oppenheimer raised their price objective on shares of Ultra Clean from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, June 9th. Finally, Zacks Research raised shares of Ultra Clean from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th.
Get Our Latest Analysis on UCTT
Insider Buying and Selling
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in UCTT. Vanguard Group Inc. lifted its holdings in shares of Ultra Clean by 6.2% during the 4th quarter. Vanguard Group Inc. now owns 4,990,724 shares of the semiconductor company’s stock valued at $126,415,000 after purchasing an additional 293,048 shares in the last quarter. Invesco Ltd. increased its stake in Ultra Clean by 63.1% during the 4th quarter. Invesco Ltd. now owns 3,399,834 shares of the semiconductor company’s stock worth $86,118,000 after purchasing an additional 1,315,407 shares in the last quarter. State Street Corp raised its holdings in Ultra Clean by 5.0% during the 4th quarter. State Street Corp now owns 1,852,482 shares of the semiconductor company’s stock worth $46,923,000 after buying an additional 87,931 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Ultra Clean by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 821,088 shares of the semiconductor company’s stock worth $20,798,000 after buying an additional 43,987 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Ultra Clean by 90.6% in the third quarter. JPMorgan Chase & Co. now owns 589,055 shares of the semiconductor company’s stock valued at $16,052,000 after buying an additional 279,953 shares in the last quarter. 96.06% of the stock is owned by institutional investors and hedge funds.
Ultra Clean Stock Up 19.6%
NASDAQ UCTT opened at $83.23 on Friday. The stock has a fifty day moving average of $100.54 and a 200-day moving average of $75.80. The stock has a market capitalization of $3.73 billion, a P/E ratio of -19.40, a price-to-earnings-growth ratio of 0.93 and a beta of 1.83. Ultra Clean has a 52 week low of $21.28 and a 52 week high of $144.22. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.72 and a current ratio of 3.07.
Ultra Clean (NASDAQ:UCTT – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. The business had revenue of $533.70 million for the quarter, compared to analyst estimates of $525.28 million. Ultra Clean had a positive return on equity of 4.28% and a negative net margin of 9.38%.The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share. On average, equities research analysts forecast that Ultra Clean will post 2.14 EPS for the current year.
Ultra Clean Company Profile
Ultra Clean Holdings, Inc is a global supplier of critical consumables and process tools for the semiconductor manufacturing industry. The company specializes in precision parts cleaning, chemical–mechanical planarization (CMP) slurries, surface conditioning pads, and specialty components used in wafer fabrication and advanced packaging. Ultra Clean also provides assembly and test hardware, tooling, and automated modules designed to support complex front-end and back-end processes in semiconductor fabs.
Ultra Clean’s product portfolio encompasses a range of cleaning systems and consumables aimed at particle and film removal, as well as CMP slurries and pads that are engineered for uniform material removal and planarization.
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