Ultra Clean Holdings Inc (NASDAQ:UCTT) has been given an average recommendation of “Buy” by the nine brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $22.20.
Several research firms have issued reports on UCTT. Craig Hallum boosted their price objective on shares of Ultra Clean from $16.00 to $22.50 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Zacks Investment Research upgraded shares of Ultra Clean from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research note on Saturday, January 11th. Stifel Nicolaus downgraded shares of Ultra Clean from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. BidaskClub downgraded shares of Ultra Clean from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 11th. Finally, ValuEngine downgraded shares of Ultra Clean from a “hold” rating to a “sell” rating in a research note on Friday, January 3rd.
UCTT traded up $0.58 during trading on Tuesday, hitting $25.58. 162,234 shares of the company’s stock were exchanged, compared to its average volume of 437,022. The company has a current ratio of 2.72, a quick ratio of 1.78 and a debt-to-equity ratio of 0.72. Ultra Clean has a 1 year low of $9.07 and a 1 year high of $25.81. The stock has a 50 day moving average price of $23.11 and a 200 day moving average price of $17.74. The firm has a market cap of $995.15 million, a P/E ratio of -2,558.00, a price-to-earnings-growth ratio of 1.28 and a beta of 1.21.
Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.05. Ultra Clean had a negative net margin of 0.02% and a positive return on equity of 7.39%. The company had revenue of $254.30 million during the quarter, compared to the consensus estimate of $244.99 million. During the same period in the previous year, the firm earned $0.30 earnings per share. Ultra Clean’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts forecast that Ultra Clean will post 0.95 earnings per share for the current fiscal year.
In other news, insider William Joe Williams sold 16,638 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $17.00, for a total value of $282,846.00. Following the completion of the transaction, the insider now directly owns 82,001 shares in the company, valued at $1,394,017. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas T. Edman sold 16,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $22.64, for a total transaction of $362,240.00. Insiders sold 72,788 shares of company stock valued at $1,543,521 over the last 90 days. Insiders own 1.80% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. First Hawaiian Bank purchased a new position in shares of Ultra Clean in the fourth quarter valued at $361,000. Metropolitan Life Insurance Co NY boosted its stake in shares of Ultra Clean by 9.6% in the third quarter. Metropolitan Life Insurance Co NY now owns 11,887 shares of the semiconductor company’s stock valued at $174,000 after purchasing an additional 1,045 shares during the period. Millennium Management LLC boosted its stake in shares of Ultra Clean by 3.4% in the third quarter. Millennium Management LLC now owns 309,582 shares of the semiconductor company’s stock valued at $4,530,000 after purchasing an additional 10,254 shares during the period. Voloridge Investment Management LLC purchased a new position in shares of Ultra Clean in the third quarter valued at $266,000. Finally, California State Teachers Retirement System boosted its stake in shares of Ultra Clean by 1.2% in the third quarter. California State Teachers Retirement System now owns 60,862 shares of the semiconductor company’s stock valued at $891,000 after purchasing an additional 727 shares during the period. Institutional investors and hedge funds own 83.44% of the company’s stock.
About Ultra Clean
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.
Featured Story: Stocks at 52 Week High
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.