Ultra Clean (NASDAQ:UCTT) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday.
UCTT has been the topic of several other reports. Cowen reiterated a “hold” rating and set a $28.00 target price (down from $32.00) on shares of Ultra Clean in a report on Thursday, February 22nd. Zacks Investment Research upgraded shares of Ultra Clean from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Wednesday, December 20th. Finally, ValuEngine cut shares of Ultra Clean from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Ultra Clean has an average rating of “Hold” and a consensus price target of $31.33.
Shares of Ultra Clean stock opened at $17.99 on Friday. The company has a current ratio of 1.97, a quick ratio of 0.82 and a debt-to-equity ratio of 0.13. Ultra Clean has a 1 year low of $14.93 and a 1 year high of $34.59. The stock has a market cap of $692.08, a price-to-earnings ratio of 7.69, a price-to-earnings-growth ratio of 0.56 and a beta of 0.89.
Ultra Clean (NASDAQ:UCTT) last issued its earnings results on Wednesday, February 21st. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.01). Ultra Clean had a return on equity of 29.62% and a net margin of 8.12%. The business had revenue of $248.89 million for the quarter, compared to the consensus estimate of $248.73 million. During the same quarter in the previous year, the company earned $0.36 earnings per share. The firm’s revenue was up 42.6% on a year-over-year basis. equities research analysts forecast that Ultra Clean will post 2.3 earnings per share for the current fiscal year.
In other news, SVP William Joe Williams sold 14,203 shares of the firm’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $19.15, for a total value of $271,987.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO James P. Scholhamer sold 29,949 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $27.05, for a total transaction of $810,120.45. Following the completion of the sale, the chief executive officer now owns 336,028 shares in the company, valued at $9,089,557.40. The disclosure for this sale can be found here. Insiders sold a total of 91,968 shares of company stock worth $2,128,093 over the last 90 days. Company insiders own 2.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Gradient Investments LLC bought a new stake in shares of Ultra Clean in the 4th quarter valued at about $423,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Ultra Clean by 525.9% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 27,897 shares of the semiconductor company’s stock valued at $854,000 after purchasing an additional 23,440 shares during the last quarter. James Investment Research Inc. purchased a new position in shares of Ultra Clean in the 4th quarter valued at approximately $1,975,000. Smith Graham & Co. Investment Advisors LP raised its position in shares of Ultra Clean by 22.8% in the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 740,027 shares of the semiconductor company’s stock valued at $17,087,000 after purchasing an additional 137,275 shares during the last quarter. Finally, Virtu Financial LLC raised its position in shares of Ultra Clean by 969.1% in the 4th quarter. Virtu Financial LLC now owns 106,440 shares of the semiconductor company’s stock valued at $2,458,000 after purchasing an additional 96,484 shares during the last quarter. Institutional investors and hedge funds own 68.59% of the company’s stock.
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About Ultra Clean
Ultra Clean Holdings, Inc designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products.
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