Ultra Clean Holdings, Inc. (UCTT) Receives Average Rating of “Buy” from Analysts

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) has been given a consensus recommendation of “Buy” by the nine analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $32.40.

UCTT has been the subject of a number of analyst reports. Cowen upped their price objective on Ultra Clean from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 18th. ValuEngine cut Ultra Clean from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 13th. Dougherty & Co upped their price objective on Ultra Clean from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Zacks Investment Research cut Ultra Clean from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, Needham & Company LLC decreased their price objective on Ultra Clean from $36.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, October 26th.

Shares of Ultra Clean (UCTT) traded down $0.25 during mid-day trading on Thursday, hitting $20.65. The company’s stock had a trading volume of 1,017,200 shares, compared to its average volume of 1,003,055. Ultra Clean has a twelve month low of $9.42 and a twelve month high of $34.59. The stock has a market cap of $702.81, a PE ratio of 10.10, a price-to-earnings-growth ratio of 0.60 and a beta of 1.02. The company has a quick ratio of 1.09, a current ratio of 2.06 and a debt-to-equity ratio of 0.15.

Ultra Clean (NASDAQ:UCTT) last issued its earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.02). Ultra Clean had a return on equity of 28.77% and a net margin of 7.55%. The firm had revenue of $242.60 million during the quarter, compared to analysts’ expectations of $239.11 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. Ultra Clean’s quarterly revenue was up 65.9% compared to the same quarter last year. analysts forecast that Ultra Clean will post 2.34 EPS for the current fiscal year.

In related news, SVP Ronald D’ercole sold 1,457 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $30.47, for a total transaction of $44,394.79. Following the transaction, the senior vice president now directly owns 69,233 shares of the company’s stock, valued at approximately $2,109,529.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP David Speirs sold 19,029 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $24.04, for a total value of $457,457.16. Following the transaction, the senior vice president now directly owns 100,879 shares in the company, valued at $2,425,131.16. The disclosure for this sale can be found here. Insiders have sold a total of 44,762 shares of company stock valued at $1,204,868 over the last 90 days. 2.60% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Legal & General Group Plc increased its position in Ultra Clean by 4.2% during the 2nd quarter. Legal & General Group Plc now owns 7,824 shares of the semiconductor company’s stock valued at $146,000 after buying an additional 314 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Ultra Clean by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,505 shares of the semiconductor company’s stock valued at $496,000 after buying an additional 454 shares in the last quarter. California Public Employees Retirement System increased its position in Ultra Clean by 1.3% during the 2nd quarter. California Public Employees Retirement System now owns 105,800 shares of the semiconductor company’s stock valued at $1,984,000 after buying an additional 1,400 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Ultra Clean by 1.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 102,131 shares of the semiconductor company’s stock valued at $1,915,000 after buying an additional 1,618 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY increased its position in Ultra Clean by 1.1% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 252,115 shares of the semiconductor company’s stock valued at $4,727,000 after buying an additional 2,815 shares in the last quarter. 75.74% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Ultra Clean (NASDAQ:UCTT)

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