Shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) have received a consensus recommendation of “Buy” from the nine brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $32.50.
A number of research analysts recently issued reports on UCTT shares. Zacks Investment Research downgraded Ultra Clean from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 24th. Dougherty & Co increased their price objective on Ultra Clean from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. Needham & Company LLC decreased their price objective on Ultra Clean from $36.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, October 26th. Stifel Nicolaus upgraded Ultra Clean from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Monday, December 4th. Finally, Cowen upgraded Ultra Clean from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a report on Thursday, January 18th.
In other Ultra Clean news, Director Clarence L. Granger sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $24.56, for a total value of $491,200.00. Following the completion of the transaction, the director now directly owns 229,208 shares in the company, valued at $5,629,348.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Joan Sterling sold 5,202 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $24.04, for a total value of $125,056.08. Following the completion of the transaction, the senior vice president now owns 64,932 shares of the company’s stock, valued at $1,560,965.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,660 shares of company stock valued at $1,760,549. Corporate insiders own 2.60% of the company’s stock.
A number of hedge funds have recently bought and sold shares of UCTT. Vanguard Group Inc. lifted its position in shares of Ultra Clean by 32.3% in the second quarter. Vanguard Group Inc. now owns 1,636,857 shares of the semiconductor company’s stock valued at $30,691,000 after buying an additional 399,627 shares during the last quarter. Columbia Partners L L C Investment Management acquired a new stake in shares of Ultra Clean in the third quarter valued at approximately $698,000. Sanctuary Wealth Advisors LLC acquired a new stake in shares of Ultra Clean in the third quarter valued at approximately $3,843,000. Alps Advisors Inc. acquired a new stake in shares of Ultra Clean in the third quarter valued at approximately $600,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Ultra Clean by 525.9% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 27,897 shares of the semiconductor company’s stock valued at $854,000 after buying an additional 23,440 shares during the last quarter. Hedge funds and other institutional investors own 64.77% of the company’s stock.
Shares of Ultra Clean (NASDAQ:UCTT) traded up $0.11 during trading on Tuesday, hitting $19.19. The company’s stock had a trading volume of 891,900 shares, compared to its average volume of 1,711,217. Ultra Clean has a 12 month low of $12.07 and a 12 month high of $34.59. The company has a market capitalization of $782.91, a P/E ratio of 10.84, a P/E/G ratio of 0.50 and a beta of 0.82. The company has a quick ratio of 1.09, a current ratio of 2.06 and a debt-to-equity ratio of 0.15.
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Ultra Clean Company Profile
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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