Ultra Clean Holdings, Inc. (UCTT) Sets New 1-Year High at $34.04

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $34.04 and last traded at $34.06, with a volume of 475,504 shares changing hands. The stock had previously closed at $33.71.

A number of brokerages recently issued reports on UCTT. ValuEngine lowered shares of Ultra Clean Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday. Needham & Company LLC upped their price objective on shares of Ultra Clean Holdings from $30.00 to $36.00 and gave the company a “strong-buy” rating in a report on Friday. BidaskClub lowered shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Dougherty & Co upped their price objective on shares of Ultra Clean Holdings from $29.50 to $32.00 and gave the company a “buy” rating in a report on Friday, July 28th. Finally, Craig Hallum upped their price objective on shares of Ultra Clean Holdings from $25.00 to $34.00 and gave the company a “buy” rating in a report on Friday, July 28th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $28.83.

The company’s 50-day moving average price is $27.37 and its 200-day moving average price is $22.49. The company has a market cap of $1.14 billion, a P/E ratio of 24.58 and a beta of 1.29.

Ultra Clean Holdings (NASDAQ:UCTT) last posted its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.51 by $0.11. The company had revenue of $228.26 million during the quarter, compared to analysts’ expectations of $213.92 million. Ultra Clean Holdings had a return on equity of 24.16% and a net margin of 6.25%. The firm’s revenue was up 75.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 EPS. Equities analysts forecast that Ultra Clean Holdings, Inc. will post $2.30 EPS for the current fiscal year.

In other Ultra Clean Holdings news, CFO Sheri Brumm sold 20,512 shares of Ultra Clean Holdings stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $22.85, for a total value of $468,699.20. Following the completion of the sale, the chief financial officer now owns 170,939 shares in the company, valued at approximately $3,905,956.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David T. Ibnale sold 10,000 shares of Ultra Clean Holdings stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $22.95, for a total value of $229,500.00. Following the completion of the sale, the director now owns 76,000 shares of the company’s stock, valued at approximately $1,744,200. The disclosure for this sale can be found here. Insiders sold a total of 51,119 shares of company stock valued at $1,203,079 in the last 90 days. 2.60% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in Ultra Clean Holdings by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,818,688 shares of the semiconductor company’s stock valued at $52,850,000 after buying an additional 39,357 shares during the period. Vanguard Group Inc. grew its holdings in shares of Ultra Clean Holdings by 32.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,636,857 shares of the semiconductor company’s stock worth $30,691,000 after purchasing an additional 399,627 shares during the period. State Street Corp grew its holdings in shares of Ultra Clean Holdings by 14.0% during the 2nd quarter. State Street Corp now owns 601,912 shares of the semiconductor company’s stock worth $11,285,000 after purchasing an additional 74,084 shares during the period. ClariVest Asset Management LLC grew its holdings in shares of Ultra Clean Holdings by 1,231.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 479,084 shares of the semiconductor company’s stock worth $8,982,000 after purchasing an additional 443,115 shares during the period. Finally, Bank of Montreal Can grew its holdings in shares of Ultra Clean Holdings by 97,560.0% during the 2nd quarter. Bank of Montreal Can now owns 442,400 shares of the semiconductor company’s stock worth $8,295,000 after purchasing an additional 441,947 shares during the period. Institutional investors own 77.64% of the company’s stock.

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Ultra Clean Holdings 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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