Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Get Free Report) 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 %
Ultra Clean (NASDAQ:UCTT – Get Free Report) 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.
- Five stocks we like better than Ultra Clean
- Mega Cap Stocks: What They Are and How to Invest
- GSK is a remedy for the winter investment blahs
- Are Penny Stocks a Good Fit for Your Portfolio?
- After blowout earnings, Integer may be headed to new highs
- How to Invest in Mining Stocks
- Banking and trucking: Is the economy rolling toward troubles?
Receive News & Ratings for Ultra Clean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Clean and related companies with MarketBeat.com's FREE daily email newsletter.