UCTT has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of Ultra Clean from a buy rating to a hold rating and set a $27.00 price target on the stock. in a research note on Saturday, January 6th. Dougherty & Co lifted their price target on shares of Ultra Clean from $32.00 to $35.00 and gave the stock a buy rating in a research note on Tuesday, October 24th. Needham & Company LLC decreased their price target on shares of Ultra Clean from $36.00 to $34.00 and set a buy rating on the stock in a research note on Thursday, October 26th. Stifel Nicolaus upgraded shares of Ultra Clean from a hold rating to a buy rating and set a $27.00 price target on the stock in a research note on Monday, December 4th. Finally, BidaskClub downgraded shares of Ultra Clean from a sell rating to a strong sell rating in a research note on Saturday, February 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $32.00.
Ultra Clean (UCTT) traded up $0.34 on Thursday, reaching $19.08. 1,150,000 shares of the company’s stock were exchanged, compared to its average volume of 1,740,203. Ultra Clean has a 1 year low of $12.07 and a 1 year high of $34.59. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.06 and a quick ratio of 1.09. The firm has a market capitalization of $650.02, a P/E ratio of 10.28, a P/E/G ratio of 0.49 and a beta of 0.82.
In other Ultra Clean news, CEO James P. Scholhamer sold 29,949 shares of Ultra Clean stock in a transaction on Friday, January 19th. The stock was sold at an average price of $27.05, for a total transaction of $810,120.45. Following the completion of the transaction, the chief executive officer now directly owns 336,028 shares of the company’s stock, valued at $9,089,557.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Ronald D’ercole sold 3,009 shares of Ultra Clean stock in a transaction 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 transaction, the senior vice president now directly owns 58,909 shares of the company’s stock, valued at $1,261,241.69. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,660 shares of company stock valued at $1,760,549. Company insiders own 2.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in shares of Ultra Clean during the third quarter valued at $120,000. Greenwood Capital Associates LLC bought a new position in shares of Ultra Clean in the third quarter valued at about $226,000. Cetera Advisors LLC bought a new position in shares of Ultra Clean in the third quarter valued at about $234,000. Moors & Cabot Inc. bought a new position in shares of Ultra Clean in the third quarter valued at about $248,000. Finally, Wedbush Securities Inc. bought a new position in shares of Ultra Clean in the fourth quarter valued at about $212,000. 66.48% of the stock is owned by institutional investors.
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Ultra Clean Company Profile
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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