Ultra Clean (NASDAQ:UCTT) had its price target lifted by Craig Hallum from $35.00 to $40.00 in a report issued on Thursday, The Fly reports. They currently have a buy rating on the semiconductor company’s stock.
UCTT has been the topic of several other research reports. ValuEngine downgraded Ultra Clean from a hold rating to a sell rating in a report on Thursday, July 2nd. BidaskClub raised Ultra Clean from a buy rating to a strong-buy rating in a report on Friday, June 19th. Needham & Company LLC boosted their price target on shares of Ultra Clean from $26.00 to $35.00 and gave the stock a buy rating in a research note on Thursday. Zacks Investment Research lowered shares of Ultra Clean from a hold rating to a sell rating in a report on Tuesday, June 30th. Finally, Stifel Nicolaus upped their price objective on Ultra Clean from $21.00 to $23.00 and gave the company a hold rating in a report on Thursday, April 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $31.00.
UCTT opened at $30.09 on Thursday. Ultra Clean has a 12-month low of $11.20 and a 12-month high of $31.10. The company has a quick ratio of 1.60, a current ratio of 2.49 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $1.20 billion, a P/E ratio of 60.18, a PEG ratio of 2.37 and a beta of 1.69. The stock has a fifty day moving average of $23.02 and a 200-day moving average of $20.59.
Ultra Clean (NASDAQ:UCTT) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.34. The business had revenue of $344.70 million for the quarter, compared to analyst estimates of $265.90 million. Ultra Clean had a net margin of 1.74% and a return on equity of 14.79%. Ultra Clean’s revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 earnings per share. On average, analysts expect that Ultra Clean will post 1.59 earnings per share for the current fiscal year.
In other news, Director Thomas T. Edman sold 5,000 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $20.52, for a total transaction of $102,600.00. Following the completion of the sale, the director now owns 19,899 shares of the company’s stock, valued at $408,327.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.20% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in UCTT. Wells Fargo & Company MN boosted its position in Ultra Clean by 16.3% during the 1st quarter. Wells Fargo & Company MN now owns 114,746 shares of the semiconductor company’s stock worth $1,584,000 after acquiring an additional 16,116 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Ultra Clean by 30.2% in the fourth quarter. Nuveen Asset Management LLC now owns 386,790 shares of the semiconductor company’s stock valued at $9,078,000 after acquiring an additional 89,677 shares during the last quarter. AQR Capital Management LLC raised its holdings in Ultra Clean by 168.7% during the first quarter. AQR Capital Management LLC now owns 160,429 shares of the semiconductor company’s stock worth $2,214,000 after acquiring an additional 100,715 shares in the last quarter. Morgan Stanley boosted its position in Ultra Clean by 20.7% during the first quarter. Morgan Stanley now owns 234,059 shares of the semiconductor company’s stock valued at $3,230,000 after purchasing an additional 40,108 shares during the last quarter. Finally, Man Group plc bought a new position in Ultra Clean in the fourth quarter valued at approximately $1,689,000. 87.32% of the stock is currently owned by institutional investors and hedge funds.
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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