ValuEngine lowered shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) from a strong-buy rating to a buy rating in a research note released on Tuesday, July 11th.
Other equities analysts have also recently issued research reports about the stock. Stifel Nicolaus raised their target price on shares of 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 raised their target price on shares of Ultra Clean Holdings from $18.00 to $22.00 and gave the stock a buy rating in a report on Thursday, April 27th. Zacks Investment Research raised shares of Ultra Clean Holdings from a hold rating to a strong-buy rating and set a $20.00 target price on the stock in a report on Thursday, April 27th. Finally, Cowen and Company assumed coverage on shares of Ultra Clean Holdings in a report on Thursday, June 15th. They issued a market perform rating and a $26.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $27.83.
Ultra Clean Holdings (NASDAQ:UCTT) traded up 5.80% during mid-day trading on Tuesday, hitting $22.08. The stock had a trading volume of 1,010,205 shares. The firm has a market cap of $738.18 million, a PE ratio of 15.98 and a beta of 1.19. The company has a 50-day moving average of $21.67 and a 200-day moving average of $18.30. Ultra Clean Holdings has a 12-month low of $6.24 and a 12-month high of $26.21.
Ultra Clean Holdings (NASDAQ:UCTT) last announced its earnings results on Thursday, July 27th. The semiconductor company reported $0.62 earnings per share for the quarter, beating 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 company had revenue of $228.26 million during the quarter, compared to the consensus estimate of $213.92 million. During the same period last year, the firm earned $0.10 earnings per share. The company’s revenue was up 75.8% on a year-over-year basis. Analysts expect that Ultra Clean Holdings will post $2.28 earnings per share for the current year.
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In other Ultra Clean Holdings news, CFO Sheri Brumm sold 20,512 shares of Ultra Clean Holdings stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $22.85, for a total value of $468,699.20. Following the transaction, the chief financial officer now owns 170,939 shares in the company, valued at $3,905,956.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Leonid Mezhvinsky sold 6,800 shares of Ultra Clean Holdings stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $23.26, for a total transaction of $158,168.00. Following the completion of the transaction, the director now owns 33,500 shares in the company, valued at approximately $779,210. The disclosure for this sale can be found here. In the last 90 days, insiders sold 94,484 shares of company stock worth $2,119,172. 2.60% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in Ultra Clean Holdings during the fourth quarter worth approximately $1,566,000. State Board of Administration of Florida Retirement System raised its position in Ultra Clean Holdings by 2.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 12,549 shares of the semiconductor company’s stock worth $122,000 after buying an additional 251 shares in the last quarter. State Street Corp raised its position in Ultra Clean Holdings by 10.7% in the fourth quarter. State Street Corp now owns 496,452 shares of the semiconductor company’s stock worth $4,817,000 after buying an additional 47,985 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Ultra Clean Holdings by 19.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,291,277 shares of the semiconductor company’s stock worth $22,226,000 after buying an additional 377,802 shares in the last quarter. Finally, Allianz Asset Management AG purchased a new position in Ultra Clean Holdings during the fourth quarter worth approximately $100,000. 83.33% of the stock is owned by hedge funds and other institutional investors.
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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