Media stories about Ultra Clean (NASDAQ:UCTT) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ultra Clean earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 46.8133880386552 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Investors watching summary on Ultra Clean Holdings, Inc. (UCTT) – Wall Street Morning (wallstreetmorning.com)
- $244.11 Million in Sales Expected for Ultra Clean Holdings Inc (UCTT) This Quarter (americanbankingnews.com)
- Ultra Clean (UCTT) Upgraded to Buy by Zacks Investment Research (americanbankingnews.com)
- Analysts Expect Ultra Clean Holdings, Inc. (UCTT) to Post $0.60 Earnings Per Share (americanbankingnews.com)
- Ultra Clean Holdings, Inc. (UCTT) Director Sells $269,750.00 in Stock (americanbankingnews.com)
UCTT has been the subject of several analyst reports. Zacks Investment Research downgraded Ultra Clean from a “buy” rating to a “hold” rating in a research note on Saturday, November 11th. ValuEngine downgraded Ultra Clean from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 13th. Stifel Nicolaus upgraded Ultra Clean from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Monday, December 4th. Needham & Company LLC raised their target price on Ultra Clean from $30.00 to $36.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 13th. Finally, Cowen raised their target price on Ultra Clean from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Ultra Clean has an average rating of “Buy” and a consensus target price of $31.17.
Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.02). The firm had revenue of $242.60 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 earnings per share. equities research analysts forecast that Ultra Clean will post 2.34 earnings per share for the current year.
In related news, Director David T. Ibnale sold 12,500 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $21.58, for a total transaction of $269,750.00. Following the transaction, the director now directly owns 63,500 shares in the company, valued at approximately $1,370,330. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Deborah E. Hayward sold 13,872 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $32.48, for a total value of $450,562.56. Following the transaction, the insider now owns 61,702 shares in the company, valued at $2,004,080.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,233 shares of company stock worth $1,017,160. 2.60% of the stock is currently owned by insiders.
About Ultra Clean
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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