Stifel Nicolaus upgraded shares of Ultra Clean (NASDAQ:UCTT) from a hold rating to a buy rating in a research note issued to investors on Monday morning. They currently have $27.00 price objective on the semiconductor company’s stock.
Several other equities analysts have also commented on UCTT. Needham & Company LLC boosted their price target on Ultra Clean from $30.00 to $36.00 and gave the stock a strong-buy rating in a research report on Friday, October 13th. ValuEngine lowered Ultra Clean from a strong-buy rating to a buy rating in a research report on Friday, October 13th. Cowen boosted their price target on Ultra Clean from $28.00 to $32.00 and gave the stock an outperform rating in a research report on Wednesday, October 18th. Zacks Investment Research lowered Ultra Clean from a strong-buy rating to a hold rating in a research report on Tuesday, October 24th. Finally, Dougherty & Co boosted their price target on Ultra Clean from $32.00 to $35.00 and gave the stock a buy rating in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Ultra Clean presently has a consensus rating of Buy and a consensus target price of $31.83.
Shares of Ultra Clean (NASDAQ UCTT) traded up $0.26 during trading hours on Monday, hitting $20.67. The stock had a trading volume of 2,382,300 shares, compared to its average volume of 1,002,700. The company has a quick ratio of 1.09, a current ratio of 2.06 and a debt-to-equity ratio of 0.15. Ultra Clean has a 1-year low of $9.42 and a 1-year high of $34.59. The stock has a market cap of $686.33, a PE ratio of 9.86, a P/E/G ratio of 0.58 and a beta of 1.02.
Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.02). The company had revenue of $242.60 million for the quarter, compared to analyst estimates of $239.11 million. Ultra Clean had a return on equity of 28.77% and a net margin of 7.55%. The business’s revenue was up 65.9% on a year-over-year basis. During the same period last year, the firm posted $0.17 earnings per share. research analysts expect that Ultra Clean will post 2.34 EPS for the current year.
In other Ultra Clean news, Director David T. Ibnale sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $22.95, for a total value of $229,500.00. Following the transaction, the director now directly owns 76,000 shares of the company’s stock, valued at approximately $1,744,200. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Ronald D’ercole sold 1,457 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $30.47, for a total value of $44,394.79. Following the completion of the transaction, the senior vice president now directly owns 69,233 shares in the company, valued at $2,109,529.51. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,762 shares of company stock worth $1,434,368. 2.60% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. acquired a new position in shares of Ultra Clean in the 2nd quarter valued at approximately $2,993,000. Vanguard Group Inc. raised its position in shares of Ultra Clean by 32.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,636,857 shares of the semiconductor company’s stock valued at $30,691,000 after purchasing an additional 399,627 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Ultra Clean by 50.6% in the 1st quarter. Teachers Advisors LLC now owns 74,407 shares of the semiconductor company’s stock valued at $1,255,000 after purchasing an additional 25,004 shares in the last quarter. Alps Advisors Inc. acquired a new position in shares of Ultra Clean in the 3rd quarter valued at approximately $600,000. Finally, Sanctuary Wealth Advisors LLC acquired a new position in shares of Ultra Clean in the 3rd quarter valued at approximately $3,843,000. 75.74% of the stock is currently owned by institutional investors.
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About Ultra Clean
Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.
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