Ultra Clean Holdings, Inc. (NASDAQ:UCTT) had its target price upped by investment analysts at Needham & Company LLC from $13.00 to $15.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price objective indicates a potential upside of 28.76% from the company’s current price.
Several other research analysts have also recently weighed in on UCTT. Zacks Investment Research cut Ultra Clean Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 28th. Dougherty & Co raised their price objective on Ultra Clean Holdings from $8.50 to $9.50 and gave the company a “buy” rating in a research report on Tuesday, October 25th. Finally, Standpoint Research cut Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, November 15th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $10.88.
Shares of Ultra Clean Holdings (NASDAQ:UCTT) opened at 11.65 on Tuesday. Ultra Clean Holdings has a 12 month low of $4.50 and a 12 month high of $10.65. The firm’s market capitalization is $381.63 million. The firm’s 50-day moving average price is $10.04 and its 200-day moving average price is $7.76.
Ultra Clean Holdings (NASDAQ:UCTT) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05. The business earned $146.15 million during the quarter, compared to the consensus estimate of $134.89 million. Ultra Clean Holdings had a positive return on equity of 3.10% and a negative net margin of 3.19%. The firm’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 earnings per share. On average, equities analysts anticipate that Ultra Clean Holdings will post $0.46 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in UCTT. California State Teachers Retirement System raised its position in Ultra Clean Holdings by 0.4% in the second quarter. California State Teachers Retirement System now owns 67,305 shares of the company’s stock valued at $383,000 after buying an additional 300 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Ultra Clean Holdings by 4.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,500 shares of the company’s stock worth $100,000 after buying an additional 600 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Ultra Clean Holdings by 1.9% in the third quarter. Rhumbline Advisers now owns 38,163 shares of the company’s stock worth $283,000 after buying an additional 700 shares during the last quarter. Northern Trust Corp raised its stake in shares of Ultra Clean Holdings by 0.3% in the third quarter. Northern Trust Corp now owns 688,314 shares of the company’s stock worth $5,100,000 after buying an additional 1,824 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its stake in shares of Ultra Clean Holdings by 0.3% in the second quarter. Pacific Ridge Capital Partners LLC now owns 631,915 shares of the company’s stock worth $3,596,000 after buying an additional 2,100 shares during the last quarter. 66.11% of the stock is currently owned by hedge funds and other institutional investors.
Ultra Clean Holdings Company Profile
Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems. 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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