Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Given Average Recommendation of “Buy” by Brokerages

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) has earned an average recommendation of “Buy” from the four ratings firms that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $48.33.

UCTT has been the topic of several research reports. StockNews.com initiated coverage on Ultra Clean in a report on Thursday, October 5th. They set a “hold” rating on the stock. TD Cowen increased their price target on Ultra Clean from $34.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Craig Hallum raised Ultra Clean from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Friday, July 28th. TheStreet downgraded Ultra Clean from a “c” rating to a “d+” rating in a research note on Wednesday, October 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price objective on shares of Ultra Clean in a research note on Thursday, October 26th.

Ultra Clean Trading Down 0.1 %

UCTT stock opened at $25.16 on Wednesday. The firm has a market cap of $1.13 billion, a P/E ratio of 23.53 and a beta of 2.03. Ultra Clean has a 1-year low of $22.15 and a 1-year high of $40.80. The business’s 50 day moving average is $28.31 and its 200-day moving average is $32.02. The company has a current ratio of 3.15, a quick ratio of 1.86 and a debt-to-equity ratio of 0.52.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported ($0.03) EPS for the quarter. The business had revenue of $435.00 million for the quarter, compared to the consensus estimate of $449.96 million. Ultra Clean had a return on equity of 5.31% and a net margin of 0.03%.

Insider Buying and Selling

In other Ultra Clean news, SVP Jamie J. Palfrey sold 6,932 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $25.68, for a total transaction of $178,013.76. Following the completion of the transaction, the senior vice president now owns 20,970 shares in the company, valued at approximately $538,509.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ultra Clean

A number of large investors have recently added to or reduced their stakes in UCTT. Dark Forest Capital Management LP grew its holdings in shares of Ultra Clean by 6,364.3% in the 1st quarter. Dark Forest Capital Management LP now owns 905 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 891 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Ultra Clean by 813.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,333 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 1,187 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Ultra Clean in the 2nd quarter valued at about $48,000. Worth Asset Management LLC bought a new position in shares of Ultra Clean in the 1st quarter valued at about $49,000. Finally, Captrust Financial Advisors grew its holdings in shares of Ultra Clean by 76.9% in the 1st quarter. Captrust Financial Advisors now owns 2,026 shares of the semiconductor company’s stock valued at $86,000 after acquiring an additional 881 shares in the last quarter. Institutional investors own 83.61% of the company’s stock.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.