Ultra Clean (NASDAQ:UCTT) was upgraded by equities research analysts at Cowen from a “market perform” rating to an “outperform” rating in a report issued on Thursday. The firm presently has a $32.00 target price on the semiconductor company’s stock. Cowen’s price objective suggests a potential upside of 19.99% from the stock’s current price.
A number of other analysts have also commented on UCTT. Needham & Company LLC raised their price target on Ultra Clean from $30.00 to $36.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 13th. ValuEngine lowered Ultra Clean from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 13th. Zacks Investment Research lowered Ultra Clean from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Dougherty & Co raised their price target on Ultra Clean from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Finally, Stifel Nicolaus raised Ultra Clean from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Monday, December 4th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $31.50.
Shares of Ultra Clean (UCTT) traded down $0.21 during mid-day trading on Thursday, reaching $26.67. The company had a trading volume of 1,660,000 shares, compared to its average volume of 1,330,000. Ultra Clean has a 12 month low of $11.86 and a 12 month high of $34.59. The stock has a market capitalization of $889.83, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 0.71 and a beta of 1.02. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.06 and a quick ratio of 1.09.
Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.02). Ultra Clean had a return on equity of 28.77% and a net margin of 7.55%. The business had revenue of $242.60 million during the quarter, compared to analysts’ expectations of $239.11 million. During the same period in the previous year, the business earned $0.17 EPS. The business’s revenue was up 65.9% compared to the same quarter last year. research analysts predict that Ultra Clean will post 2.34 EPS for the current year.
In other Ultra Clean news, SVP Ronald D’ercole sold 3,009 shares of the firm’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $21.41, for a total transaction of $64,422.69. Following the completion of the transaction, the senior vice president now owns 58,909 shares of the company’s stock, valued at $1,261,241.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David T. Ibnale sold 12,500 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $21.58, for a total value of $269,750.00. Following the transaction, the director now directly owns 63,500 shares of the company’s stock, valued at approximately $1,370,330. The disclosure for this sale can be found here. Insiders have sold 39,785 shares of company stock valued at $1,037,188 in the last three months. Insiders own 2.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. lifted its position in Ultra Clean by 15.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 255,210 shares of the semiconductor company’s stock valued at $5,893,000 after buying an additional 33,740 shares during the period. Louisiana State Employees Retirement System purchased a new position in Ultra Clean during the fourth quarter valued at $337,000. GSA Capital Partners LLP lifted its position in Ultra Clean by 16.3% during the third quarter. GSA Capital Partners LLP now owns 126,320 shares of the semiconductor company’s stock valued at $3,868,000 after buying an additional 17,724 shares during the period. Delphi Management Inc. MA lifted its position in Ultra Clean by 12.1% during the third quarter. Delphi Management Inc. MA now owns 88,381 shares of the semiconductor company’s stock valued at $2,706,000 after buying an additional 9,545 shares during the period. Finally, Moors & Cabot Inc. purchased a new position in Ultra Clean during the third quarter valued at $248,000. 75.48% of the stock is owned by institutional investors and hedge funds.
Ultra Clean 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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