Ultra Clean Holdings Inc (NASDAQ:UCTT) has been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $29.00.
A number of analysts have recently issued reports on the stock. BidaskClub lowered shares of Ultra Clean from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 13th. Zacks Investment Research lowered shares of Ultra Clean from a “buy” rating to a “hold” rating in a research report on Thursday, June 21st. Stifel Nicolaus increased their price target on shares of Ultra Clean from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Monday, June 18th. Standpoint Research raised shares of Ultra Clean from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Finally, Cowen cut their price objective on shares of Ultra Clean from $28.00 to $23.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 18th.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC acquired a new position in Ultra Clean during the second quarter valued at approximately $1,184,000. Needham Investment Management LLC grew its holdings in Ultra Clean by 50.0% during the second quarter. Needham Investment Management LLC now owns 30,000 shares of the semiconductor company’s stock valued at $498,000 after purchasing an additional 10,000 shares during the last quarter. Shepherd Kaplan Krochuk LLC grew its holdings in Ultra Clean by 129.1% during the second quarter. Shepherd Kaplan Krochuk LLC now owns 33,500 shares of the semiconductor company’s stock valued at $556,000 after purchasing an additional 18,880 shares during the last quarter. Value Holdings Management CO. LLC acquired a new position in Ultra Clean during the second quarter valued at approximately $216,000. Finally, OppenheimerFunds Inc. grew its holdings in Ultra Clean by 23.7% during the second quarter. OppenheimerFunds Inc. now owns 36,138 shares of the semiconductor company’s stock valued at $600,000 after purchasing an additional 6,918 shares during the last quarter. 82.82% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ UCTT traded down $0.09 during mid-day trading on Wednesday, reaching $12.01. The company had a trading volume of 16,087 shares, compared to its average volume of 1,075,603. The firm has a market capitalization of $488.64 million, a price-to-earnings ratio of 5.22, a price-to-earnings-growth ratio of 0.84 and a beta of 0.81. Ultra Clean has a 12-month low of $11.92 and a 12-month high of $34.59.
Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings results on Thursday, July 26th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The company had revenue of $290.20 million during the quarter, compared to analysts’ expectations of $288.54 million. Ultra Clean had a return on equity of 24.73% and a net margin of 7.68%. Ultra Clean’s revenue for the quarter was up 27.1% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share. As a group, equities research analysts predict that Ultra Clean will post 1.88 EPS for the current fiscal year.
Ultra Clean Company Profile
Ultra Clean Holdings, Inc designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products.
See Also: What Are Treasury Bonds?
Receive News & Ratings for Ultra Clean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Clean and related companies with MarketBeat.com's FREE daily email newsletter.