Several other research firms have also recently commented on UCTT. Zacks Investment Research cut Ultra Clean from a hold rating to a sell rating in a research note on Saturday, July 27th. BidaskClub cut Ultra Clean from a hold rating to a sell rating in a research note on Thursday, August 22nd. Finally, Needham & Company LLC reaffirmed a buy rating and set a $17.00 target price on shares of Ultra Clean in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. Ultra Clean has an average rating of Buy and a consensus price target of $17.63.
Shares of UCTT opened at $15.41 on Thursday. Ultra Clean has a 1 year low of $6.94 and a 1 year high of $15.94. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.93 and a quick ratio of 1.87. The company has a market capitalization of $609.31 million, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 1.33 and a beta of 1.09. The business has a 50-day moving average of $13.14 and a 200-day moving average of $12.58.
Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. Ultra Clean had a positive return on equity of 8.16% and a negative net margin of 0.66%. The company had revenue of $265.40 million during the quarter, compared to the consensus estimate of $255.42 million. During the same period last year, the company earned $0.55 earnings per share. The firm’s revenue was down 8.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ultra Clean will post 0.77 EPS for the current year.
In related news, CFO Sheri Savage sold 22,574 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $13.13, for a total transaction of $296,396.62. Following the completion of the sale, the chief financial officer now owns 115,660 shares of the company’s stock, valued at $1,518,615.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Needham Investment Management LLC grew its stake in Ultra Clean by 19.7% in the second quarter. Needham Investment Management LLC now owns 152,000 shares of the semiconductor company’s stock valued at $2,116,000 after acquiring an additional 25,000 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in Ultra Clean by 6.2% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 32,499 shares of the semiconductor company’s stock valued at $453,000 after acquiring an additional 1,900 shares during the period. ClariVest Asset Management LLC acquired a new stake in Ultra Clean in the second quarter valued at approximately $732,000. Nuveen Asset Management LLC acquired a new stake in Ultra Clean in the second quarter valued at approximately $2,062,000. Finally, Price T Rowe Associates Inc. MD grew its stake in Ultra Clean by 15.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 33,923 shares of the semiconductor company’s stock valued at $472,000 after acquiring an additional 4,600 shares during the period. 87.36% of the stock is owned by hedge funds and other institutional investors.
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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