Ultra Clean Holdings, Inc. (NASDAQ:UCTT) has been assigned a consensus rating of “Buy” from the ten brokerages that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $27.83.
Several research analysts have recently commented on UCTT shares. Stifel Nicolaus lifted their price target on Ultra Clean Holdings from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Needham & Company LLC lifted their price target on Ultra Clean Holdings from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, April 27th. ValuEngine lowered Ultra Clean Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. Zacks Investment Research upgraded Ultra Clean Holdings from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Tuesday, July 18th. Finally, BidaskClub upgraded Ultra Clean Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th.
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Ultra Clean Holdings (NASDAQ:UCTT) traded up 3.93% on Friday, reaching $21.70. 677,890 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $21.59 and a 200 day moving average price of $17.96. Ultra Clean Holdings has a one year low of $5.94 and a one year high of $26.21. The firm has a market cap of $725.47 million, a PE ratio of 15.70 and a beta of 1.19.
Ultra Clean Holdings (NASDAQ:UCTT) last posted its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.51 by $0.11. Ultra Clean Holdings had a return on equity of 25.19% and a net margin of 6.25%. The business had revenue of $228.26 million for the quarter, compared to analyst estimates of $213.92 million. During the same quarter in the previous year, the firm earned $0.10 EPS. The company’s quarterly revenue was up 75.8% compared to the same quarter last year. On average, equities analysts anticipate that Ultra Clean Holdings will post $2.28 earnings per share for the current year.
In related news, Director Leonid Mezhvinsky sold 6,800 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $23.26, for a total value of $158,168.00. Following the sale, the director now directly owns 33,500 shares in the company, valued at approximately $779,210. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mark Bingaman sold 36,743 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $23.34, for a total transaction of $857,581.62. Following the completion of the sale, the senior vice president now owns 76,670 shares in the company, valued at $1,789,477.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 94,484 shares of company stock worth $2,119,172. 2.60% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the stock. Gotham Asset Management LLC bought a new stake in shares of Ultra Clean Holdings during the first quarter valued at about $507,000. Systematic Financial Management LP bought a new stake in shares of Ultra Clean Holdings during the first quarter valued at about $4,088,000. State Board of Administration of Florida Retirement System raised its stake in shares of Ultra Clean Holdings by 0.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 12,618 shares of the semiconductor company’s stock valued at $213,000 after buying an additional 69 shares during the period. Caxton Associates LP bought a new stake in shares of Ultra Clean Holdings during the first quarter valued at about $309,000. Finally, Wellington Management Group LLP bought a new stake in shares of Ultra Clean Holdings during the first quarter valued at about $558,000. Hedge funds and other institutional investors own 83.33% of the company’s stock.
About Ultra Clean Holdings
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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