TD Cowen Boosts Ultra Clean (NASDAQ:UCTT) Price Target to $55.00

Ultra Clean (NASDAQ:UCTT) had its price target hoisted by equities researchers at TD Cowen from $47.00 to $55.00 in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. TD Cowen’s price objective would indicate a potential upside of 25.60% from the company’s previous close.

Separately, Needham & Company LLC lifted their price objective on Ultra Clean from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $57.00.

Ultra Clean Stock Down 0.6 %

Shares of UCTT stock opened at $43.79 on Tuesday. The stock’s 50 day simple moving average is $43.75 and its 200 day simple moving average is $36.59. Ultra Clean has a twelve month low of $22.15 and a twelve month high of $49.25. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.67 and a current ratio of 2.88. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of -53.40 and a beta of 2.02.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $0.12 earnings per share for the quarter. Ultra Clean had a negative net margin of 1.79% and a positive return on equity of 1.69%. The business had revenue of $444.80 million during the quarter, compared to analysts’ expectations of $444.99 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new stake in Ultra Clean during the fourth quarter worth about $59,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Ultra Clean during the 1st quarter worth approximately $96,000. TFO Wealth Partners LLC increased its position in shares of Ultra Clean by 27,160.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,726 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 2,716 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Ultra Clean by 19.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,164 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 514 shares in the last quarter. Finally, Whalen Wealth Management Inc. bought a new position in Ultra Clean in the first quarter worth $237,000. Institutional investors own 96.06% of the company’s stock.

About Ultra Clean

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.