Ultra Clean’s (UCTT) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d-) rating on shares of Ultra Clean (NASDAQ:UCTT) in a research report sent to investors on Friday,Weiss Ratings reports.

Separately, Needham & Company LLC upped their price objective on Ultra Clean from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Ultra Clean has a consensus rating of “Moderate Buy” and an average target price of $30.67.

Ultra Clean Stock Performance

UCTT opened at $29.99 on Friday. Ultra Clean has a 52-week low of $16.66 and a 52-week high of $40.64. The firm has a market capitalization of $1.36 billion, a PE ratio of -8.87, a PEG ratio of 1.17 and a beta of 2.14. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.86 and a current ratio of 3.06. The business’s 50-day simple moving average is $26.42 and its 200 day simple moving average is $23.43.

Ultra Clean (NASDAQ:UCTT) last released its earnings results on Monday, July 28th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $518.80 million for the quarter, compared to analyst estimates of $500.83 million. Ultra Clean had a positive return on equity of 5.32% and a negative net margin of 7.15%.Ultra Clean’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.32 earnings per share. As a group, sell-side analysts expect that Ultra Clean will post 1.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ultra Clean

Large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in shares of Ultra Clean by 5.3% during the first quarter. Janney Montgomery Scott LLC now owns 21,288 shares of the semiconductor company’s stock worth $456,000 after purchasing an additional 1,068 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Ultra Clean by 13.3% during the second quarter. Harbor Capital Advisors Inc. now owns 450,603 shares of the semiconductor company’s stock worth $10,170,000 after purchasing an additional 52,964 shares during the period. Invesco Ltd. increased its stake in shares of Ultra Clean by 62.9% during the first quarter. Invesco Ltd. now owns 1,681,675 shares of the semiconductor company’s stock worth $36,005,000 after purchasing an additional 649,642 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Ultra Clean by 23.3% during the first quarter. Oppenheimer & Co. Inc. now owns 48,548 shares of the semiconductor company’s stock worth $1,039,000 after purchasing an additional 9,169 shares during the period. Finally, Strs Ohio bought a new position in shares of Ultra Clean during the first quarter worth approximately $407,000. Institutional investors own 96.06% of the company’s stock.

About Ultra Clean

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.