Ultra Clean (NASDAQ:UCTT) Stock Rating Lowered by StockNews.com

Ultra Clean (NASDAQ:UCTT) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

UCTT has been the topic of a number of other research reports. Needham & Company LLC dropped their price target on shares of Ultra Clean from $40.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday. Oppenheimer dropped their target price on shares of Ultra Clean from $60.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Finally, TD Cowen reduced their price target on shares of Ultra Clean from $48.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, Ultra Clean has an average rating of “Moderate Buy” and a consensus price target of $37.00.

Ultra Clean Stock Performance

NASDAQ:UCTT opened at $18.65 on Wednesday. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. Ultra Clean has a twelve month low of $16.66 and a twelve month high of $56.47. The stock has a market cap of $841.71 million, a P/E ratio of 233.15, a price-to-earnings-growth ratio of 0.51 and a beta of 2.14. The firm’s fifty day simple moving average is $22.04 and its 200 day simple moving average is $31.79.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings results on Monday, April 28th. The semiconductor company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.03). The firm had revenue of $518.60 million during the quarter, compared to analysts’ expectations of $526.13 million. Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. Ultra Clean’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 earnings per share. As a group, research analysts predict that Ultra Clean will post 1.09 EPS for the current year.

Insider Activity

In related news, insider Bill Bentinck bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $25.17 per share, for a total transaction of $75,510.00. Following the completion of the acquisition, the insider now owns 60,695 shares of the company’s stock, valued at $1,527,693.15. This trade represents a 5.20 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ernest E. Maddock bought 10,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was bought at an average cost of $24.29 per share, with a total value of $242,900.00. Following the transaction, the director now owns 11,000 shares in the company, valued at $267,190. This trade represents a 1,000.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Ultra Clean

Large investors have recently made changes to their positions in the company. Byrne Asset Management LLC purchased a new position in shares of Ultra Clean in the first quarter worth approximately $25,000. Headlands Technologies LLC purchased a new position in shares of Ultra Clean during the 4th quarter worth $26,000. Versant Capital Management Inc grew its position in shares of Ultra Clean by 386.9% during the 1st quarter. Versant Capital Management Inc now owns 1,412 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 1,122 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Ultra Clean by 107.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 490 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Ultra Clean by 694.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 854 shares during the period. 96.06% of the stock is currently owned by institutional investors.

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.