Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Ultra Clean from a hold rating to a sell rating in a report on Saturday, July 27th. Needham & Company LLC restated a buy rating and set a $17.00 price target on shares of Ultra Clean in a research report on Monday, August 5th. Finally, ValuEngine upgraded shares of Ultra Clean from a hold rating to a buy rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Ultra Clean currently has an average rating of Buy and a consensus price target of $17.63.
Shares of UCTT stock opened at $16.42 on Friday. The company’s fifty day simple moving average is $13.21 and its two-hundred day simple moving average is $12.67. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.93 and a quick ratio of 1.87. Ultra Clean has a 1 year low of $6.94 and a 1 year high of $16.67. The stock has a market capitalization of $609.39 million, a price-to-earnings ratio of 9.89, a PEG ratio of 1.43 and a beta of 1.09.
Ultra Clean (NASDAQ:UCTT) last issued its earnings results on Wednesday, July 31st. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Ultra Clean had a negative net margin of 0.66% and a positive return on equity of 8.16%. The business had revenue of $265.40 million for the quarter, compared to analysts’ expectations of $255.42 million. During the same quarter in the previous year, the firm posted $0.55 EPS. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. Equities research analysts anticipate that Ultra Clean will post 0.77 EPS for the current year.
In other news, CFO Sheri Savage sold 22,574 shares of the business’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 completion of the transaction, the chief financial officer now directly owns 115,660 shares in the company, valued at approximately $1,518,615.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its position in shares of Ultra Clean by 451.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,986 shares of the semiconductor company’s stock valued at $83,000 after purchasing an additional 6,537 shares in the last quarter. Bank of Montreal Can grew its position in Ultra Clean by 77.1% in the second quarter. Bank of Montreal Can now owns 8,175 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 3,559 shares in the last quarter. Tyers Asset Management LLC grew its position in Ultra Clean by 15.1% in the second quarter. Tyers Asset Management LLC now owns 8,400 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 1,104 shares in the last quarter. Riverhead Capital Management LLC grew its position in Ultra Clean by 14.8% in the second quarter. Riverhead Capital Management LLC now owns 9,300 shares of the semiconductor company’s stock worth $129,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Penserra Capital Management LLC grew its position in Ultra Clean by 77.1% in the first quarter. Penserra Capital Management LLC now owns 9,315 shares of the semiconductor company’s stock worth $96,000 after acquiring an additional 4,056 shares in the last quarter. Hedge funds and other institutional investors own 87.14% of the company’s stock.
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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