Ultra Clean (UCTT) Rating Increased to Buy at Craig Hallum

Craig Hallum upgraded shares of Ultra Clean (NASDAQ:UCTT) from a hold rating to a buy rating in a report issued on Monday morning, Marketbeat.com reports. The analysts noted that the move was a valuation call.

Other analysts have also recently issued research reports about the company. BidaskClub cut Ultra Clean from a sell rating to a strong sell rating in a research report on Tuesday, November 13th. Needham & Company LLC started coverage on Ultra Clean in a report on Friday, December 21st. They issued a buy rating and a $13.00 price target for the company. Finally, ValuEngine upgraded Ultra Clean from a strong sell rating to a sell rating in a report on Wednesday, January 30th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $20.60.

NASDAQ:UCTT opened at $10.04 on Monday. The firm has a market cap of $403.75 million, a PE ratio of 6.05, a PEG ratio of 0.84 and a beta of 1.17. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.23 and a quick ratio of 1.92. Ultra Clean has a 52-week low of $6.94 and a 52-week high of $21.43.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings results on Thursday, February 21st. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $257.39 million for the quarter, compared to analyst estimates of $248.30 million. Ultra Clean had a return on equity of 15.42% and a net margin of 3.34%. On average, analysts expect that Ultra Clean will post 0.86 EPS for the current fiscal year.

In other news, CFO Sheri Savage sold 30,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $10.17, for a total transaction of $305,100.00. Following the completion of the sale, the chief financial officer now owns 135,491 shares in the company, valued at approximately $1,377,943.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Ultra Clean by 2.3% during the 3rd quarter. BlackRock Inc. now owns 5,699,153 shares of the semiconductor company’s stock worth $71,524,000 after purchasing an additional 129,142 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Ultra Clean by 15.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,164,512 shares of the semiconductor company’s stock worth $39,714,000 after purchasing an additional 419,419 shares during the period. Divisar Capital Management LLC grew its holdings in shares of Ultra Clean by 262.0% during the 4th quarter. Divisar Capital Management LLC now owns 2,099,886 shares of the semiconductor company’s stock worth $17,786,000 after purchasing an additional 1,519,784 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in shares of Ultra Clean by 2.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,540,000 shares of the semiconductor company’s stock worth $13,044,000 after purchasing an additional 40,000 shares during the period. Finally, Frontier Capital Management Co. LLC grew its holdings in shares of Ultra Clean by 1,378.1% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,166,713 shares of the semiconductor company’s stock worth $9,882,000 after purchasing an additional 1,087,780 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

About Ultra Clean

Ultra Clean Holdings, Inc designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products.

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Analyst Recommendations for Ultra Clean (NASDAQ:UCTT)

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