Shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) traded up 6% during mid-day trading on Wednesday . The company traded as high as $15.13 and last traded at $15.13, 115,047 shares changed hands during mid-day trading. A decline of 75% from the average session volume of 465,521 shares. The stock had previously closed at $14.28.
UCTT has been the subject of several recent research reports. ValuEngine upgraded shares of Ultra Clean from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Zacks Investment Research downgraded Ultra Clean from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. BidaskClub upgraded Ultra Clean from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $17.00 target price on shares of Ultra Clean in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $17.63.
The business has a 50 day moving average of $13.14 and a 200-day moving average of $12.58. The company has a current ratio of 2.93, a quick ratio of 1.87 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $564.63 million, a P/E ratio of 9.11, a PEG ratio of 1.28 and a beta of 1.09.
Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. The firm had revenue of $265.40 million for the quarter, compared to analyst estimates of $255.42 million. Ultra Clean had a negative net margin of 0.66% and a positive return on equity of 8.16%. The business’s revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share. On average, analysts anticipate that Ultra Clean Holdings Inc will post 0.77 EPS for the current fiscal year.
In related news, CFO Sheri Savage sold 22,574 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $13.13, for a total transaction of $296,396.62. Following the sale, the chief financial officer now directly owns 115,660 shares in the company, valued at $1,518,615.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Ultra Clean by 3.3% during the 2nd quarter. BlackRock Inc. now owns 5,915,005 shares of the semiconductor company’s stock worth $82,336,000 after purchasing an additional 187,375 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Ultra Clean by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,601,158 shares of the semiconductor company’s stock valued at $36,209,000 after purchasing an additional 127,445 shares during the period. Frontier Capital Management Co. LLC boosted its position in shares of Ultra Clean by 61.1% during the first quarter. Frontier Capital Management Co. LLC now owns 1,879,990 shares of the semiconductor company’s stock worth $19,458,000 after buying an additional 713,277 shares during the period. Paradigm Capital Management Inc. NY boosted its position in shares of Ultra Clean by 2.3% during the first quarter. Paradigm Capital Management Inc. NY now owns 1,611,226 shares of the semiconductor company’s stock worth $16,676,000 after buying an additional 36,956 shares during the period. Finally, Royce & Associates LP grew its holdings in shares of Ultra Clean by 37.7% during the first quarter. Royce & Associates LP now owns 1,423,616 shares of the semiconductor company’s stock worth $14,734,000 after buying an additional 389,880 shares in the last quarter. 87.36% of the stock is owned by hedge funds and other institutional investors.
About Ultra Clean (NASDAQ:UCTT)
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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