Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Receives $58.67 Average PT from Brokerages

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) has been given an average rating of “Buy” by the four analysts that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $61.50.

A number of brokerages have issued reports on UCTT. Oppenheimer initiated coverage on Ultra Clean in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $70.00 price target on the stock. TD Cowen upped their target price on shares of Ultra Clean from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $56.00 target price on shares of Ultra Clean in a report on Friday, July 26th. Finally, Craig Hallum raised their target price on Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

Ultra Clean Price Performance

Shares of NASDAQ:UCTT opened at $40.16 on Wednesday. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of -48.98 and a beta of 2.09. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.60 and a current ratio of 2.73. Ultra Clean has a one year low of $22.15 and a one year high of $56.47. The company has a 50-day simple moving average of $37.79 and a 200-day simple moving average of $43.15.

Ultra Clean (NASDAQ:UCTT) last issued its earnings results on Thursday, July 25th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter. Ultra Clean had a negative net margin of 0.46% and a positive return on equity of 2.59%. The company had revenue of $516.10 million during the quarter, compared to analysts’ expectations of $490.06 million. During the same period last year, the company posted $0.16 earnings per share. The firm’s quarterly revenue was up 22.4% compared to the same quarter last year.

Insiders Place Their Bets

In other Ultra Clean news, CFO Sheri Savage sold 897 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $55.87, for a total value of $50,115.39. Following the transaction, the chief financial officer now owns 51,678 shares of the company’s stock, valued at $2,887,249.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Ultra Clean news, CFO Sheri Savage sold 897 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $55.87, for a total transaction of $50,115.39. Following the completion of the transaction, the chief financial officer now owns 51,678 shares in the company, valued at approximately $2,887,249.86. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James P. Scholhamer sold 26,608 shares of the business’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $55.10, for a total transaction of $1,466,100.80. Following the transaction, the chief executive officer now owns 418,453 shares in the company, valued at $23,056,760.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,266 shares of company stock worth $2,556,853. 2.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ultra Clean

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in Ultra Clean by 52.1% in the second quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 213 shares during the last quarter. CWM LLC raised its stake in shares of Ultra Clean by 46.3% during the second quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 253 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Ultra Clean during the second quarter valued at approximately $41,000. nVerses Capital LLC bought a new position in shares of Ultra Clean during the second quarter valued at approximately $64,000. Finally, TFO Wealth Partners LLC grew its stake in Ultra Clean by 27,160.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,726 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 2,716 shares during the period. 96.06% of the stock is owned by institutional investors.

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.