Ultra Clean (UCTT) Raised to “Buy” at Stifel Nicolaus

Ultra Clean (NASDAQ:UCTT) was upgraded by investment analysts at Stifel Nicolaus to a “buy” rating in a report released on Monday.

Other analysts have also issued research reports about the company. Zacks Investment Research raised Ultra Clean from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Saturday, October 28th. Needham & Company LLC reduced their price objective on Ultra Clean from $36.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. Dougherty & Co raised their price objective on Ultra Clean from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. ValuEngine downgraded Ultra Clean from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 13th. Finally, Cowen raised their price objective on Ultra Clean from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 18th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Ultra Clean currently has an average rating of “Buy” and a consensus target price of $30.67.

Shares of Ultra Clean (UCTT) opened at $20.41 on Monday. The stock has a market capitalization of $686.33, a P/E ratio of 9.86, a price-to-earnings-growth ratio of 0.58 and a beta of 1.02. The company has a quick ratio of 1.09, a current ratio of 2.06 and a debt-to-equity ratio of 0.15. Ultra Clean has a fifty-two week low of $9.25 and a fifty-two week high of $34.59.

Ultra Clean (NASDAQ:UCTT) last released its earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.02). The business had revenue of $242.60 million during the quarter, compared to analyst estimates of $239.11 million. Ultra Clean had a net margin of 7.55% and a return on equity of 28.77%. The business’s quarterly revenue was up 65.9% compared to the same quarter last year. During the same period last year, the business earned $0.17 EPS. equities research analysts forecast that Ultra Clean will post 2.34 earnings per share for the current fiscal year.

In other Ultra Clean news, SVP Joan Sterling sold 5,202 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $24.04, for a total value of $125,056.08. Following the completion of the sale, the senior vice president now owns 64,932 shares in the company, valued at approximately $1,560,965.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ronald D’ercole sold 1,457 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $30.47, for a total value of $44,394.79. Following the transaction, the senior vice president now owns 69,233 shares of the company’s stock, valued at approximately $2,109,529.51. The disclosure for this sale can be found here. Insiders sold a total of 54,762 shares of company stock valued at $1,434,368 in the last quarter. Corporate insiders own 2.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of UCTT. Teachers Advisors LLC lifted its position in shares of Ultra Clean by 50.6% during the 1st quarter. Teachers Advisors LLC now owns 74,407 shares of the semiconductor company’s stock worth $1,255,000 after buying an additional 25,004 shares during the period. Vanguard Group Inc. lifted its position in shares of Ultra Clean by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 1,237,230 shares of the semiconductor company’s stock worth $20,872,000 after buying an additional 20,987 shares during the period. Geode Capital Management LLC lifted its position in shares of Ultra Clean by 39.1% during the 1st quarter. Geode Capital Management LLC now owns 326,599 shares of the semiconductor company’s stock worth $5,508,000 after buying an additional 91,748 shares during the period. Morgan Stanley lifted its position in shares of Ultra Clean by 12.6% during the 1st quarter. Morgan Stanley now owns 260,460 shares of the semiconductor company’s stock worth $4,393,000 after buying an additional 29,236 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Ultra Clean by 28.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 55,500 shares of the semiconductor company’s stock worth $937,000 after buying an additional 12,200 shares during the period. Institutional investors and hedge funds own 75.74% of the company’s stock.

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Ultra Clean Company Profile

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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