Ultra Clean (NASDAQ:UCTT) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.
UCTT has been the topic of a number of other research reports. Cowen reissued a “hold” rating and set a $28.00 price objective (down previously from $32.00) on shares of Ultra Clean in a research report on Thursday, February 22nd. Zacks Investment Research raised shares of Ultra Clean from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Wednesday, December 20th. Finally, ValuEngine cut shares of Ultra Clean from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $31.33.
Shares of Ultra Clean stock opened at $19.32 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.97 and a quick ratio of 0.82. Ultra Clean has a 1-year low of $15.18 and a 1-year high of $34.59. The stock has a market cap of $729.39, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 0.59 and a beta of 0.89.
Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $0.59 earnings per share for the quarter, missing the Zacks’ 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 analyst estimates of $248.73 million. During the same quarter in the previous year, the business posted $0.36 earnings per share. The business’s revenue was up 42.6% on a year-over-year basis. sell-side analysts forecast that Ultra Clean will post 2.3 earnings per share for the current year.
In other news, insider Mark Bingaman sold 35,966 shares of the stock in a transaction dated Friday, April 13th. The shares were sold at an average price of $19.00, for a total transaction of $683,354.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP William Joe Williams sold 14,203 shares of the stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $19.15, for a total transaction of $271,987.45. The disclosure for this sale can be found here. Insiders have sold a total of 127,934 shares of company stock worth $2,811,447 in the last three months. Insiders own 2.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. lifted its position in Ultra Clean by 12.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 28,216 shares of the semiconductor company’s stock valued at $652,000 after acquiring an additional 3,130 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in Ultra Clean in the 4th quarter valued at about $388,000. Macquarie Group Ltd. lifted its position in Ultra Clean by 34.6% in the 4th quarter. Macquarie Group Ltd. now owns 33,072 shares of the semiconductor company’s stock valued at $764,000 after acquiring an additional 8,500 shares in the last quarter. Millennium Management LLC lifted its position in Ultra Clean by 1,256.4% in the 4th quarter. Millennium Management LLC now owns 785,449 shares of the semiconductor company’s stock valued at $18,136,000 after acquiring an additional 727,540 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in Ultra Clean by 64.6% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 45,930 shares of the semiconductor company’s stock valued at $1,060,000 after acquiring an additional 18,033 shares in the last quarter. 69.31% of the stock is currently owned by institutional investors and hedge funds.
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Ultra Clean Company Profile
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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