Ultra Clean Holdings Inc (NASDAQ:UCTT) has received a consensus rating of “Buy” from the nine research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $26.50.
A number of research firms have commented on UCTT. Cowen reduced their price objective on Ultra Clean from $28.00 to $23.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 18th. BidaskClub lowered Ultra Clean from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Zacks Investment Research raised Ultra Clean from a “strong sell” rating to a “hold” rating in a research note on Friday, October 5th. TheStreet lowered Ultra Clean from a “b-” rating to a “c+” rating in a research note on Tuesday, October 9th. Finally, Craig Hallum reduced their price objective on Ultra Clean from $24.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, November 7th.
Several institutional investors and hedge funds have recently modified their holdings of UCTT. Palouse Capital Management Inc. acquired a new position in shares of Ultra Clean during the third quarter valued at $128,000. Janus Henderson Group PLC acquired a new position in shares of Ultra Clean during the third quarter valued at $160,000. Baird Financial Group Inc. acquired a new position in shares of Ultra Clean during the second quarter valued at $168,000. Victory Capital Management Inc. lifted its stake in shares of Ultra Clean by 114.2% during the third quarter. Victory Capital Management Inc. now owns 16,426 shares of the semiconductor company’s stock valued at $206,000 after acquiring an additional 8,756 shares during the period. Finally, Jefferies Group LLC acquired a new position in shares of Ultra Clean during the third quarter valued at $250,000. 83.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:UCTT opened at $9.30 on Friday. Ultra Clean has a fifty-two week low of $6.94 and a fifty-two week high of $27.20. The firm has a market capitalization of $366.34 million, a price-to-earnings ratio of 3.97, a P/E/G ratio of 0.47 and a beta of 0.78. The company has a current ratio of 2.76, a quick ratio of 1.63 and a debt-to-equity ratio of 0.74.
Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings results on Tuesday, November 6th. The semiconductor company reported $0.30 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.30. The firm had revenue of $234.08 million for the quarter, compared to analysts’ expectations of $224.06 million. Ultra Clean had a return on equity of 19.76% and a net margin of 5.38%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 earnings per share. As a group, research analysts predict that Ultra Clean will post 1.79 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.
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