Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Given Consensus Rating of “Buy” by Analysts

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) has received a consensus recommendation of “Buy” from the four analysts that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $61.50.

Several equities analysts recently weighed in on UCTT shares. Needham & Company LLC reaffirmed a “buy” rating and set a $56.00 target price on shares of Ultra Clean in a research note on Friday, July 26th. Oppenheimer started coverage on shares of Ultra Clean in a research note on Wednesday, September 25th. They set an “outperform” rating and a $70.00 target price for the company. TD Cowen raised their target price on shares of Ultra Clean from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Craig Hallum raised their target price on shares of Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

Insiders Place Their Bets

In other Ultra Clean news, CEO James P. Scholhamer sold 26,608 shares of Ultra Clean stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $55.10, for a total value of $1,466,100.80. Following the completion of the transaction, the chief executive officer now directly owns 418,453 shares of the company’s stock, valued at approximately $23,056,760.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO James P. Scholhamer sold 26,608 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $55.10, for a total value of $1,466,100.80. Following the completion of the sale, the chief executive officer now owns 418,453 shares in the company, valued at approximately $23,056,760.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sheri Savage sold 897 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $55.87, for a total transaction of $50,115.39. Following the completion of the sale, the chief financial officer now owns 51,678 shares of the company’s stock, valued at approximately $2,887,249.86. The disclosure for this sale can be found here. Insiders sold 37,584 shares of company stock valued at $2,062,296 in the last three months. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Ultra Clean

Institutional investors have recently made changes to their positions in the company. Frontier Capital Management Co. LLC lifted its holdings in shares of Ultra Clean by 37.5% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,559,943 shares of the semiconductor company’s stock worth $87,396,000 after acquiring an additional 698,242 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in Ultra Clean by 6.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 860,798 shares of the semiconductor company’s stock valued at $42,179,000 after buying an additional 52,075 shares in the last quarter. Comerica Bank lifted its holdings in Ultra Clean by 512.5% during the 1st quarter. Comerica Bank now owns 134,289 shares of the semiconductor company’s stock valued at $6,169,000 after buying an additional 112,366 shares in the last quarter. Versor Investments LP bought a new stake in Ultra Clean during the 2nd quarter valued at about $828,000. Finally, BNP Paribas Financial Markets lifted its holdings in Ultra Clean by 32.2% during the 1st quarter. BNP Paribas Financial Markets now owns 29,679 shares of the semiconductor company’s stock valued at $1,363,000 after buying an additional 7,233 shares in the last quarter. Institutional investors own 96.06% of the company’s stock.

Ultra Clean Stock Performance

Shares of NASDAQ UCTT opened at $37.85 on Wednesday. The firm has a fifty day moving average price of $37.61 and a 200-day moving average price of $43.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.73 and a quick ratio of 1.60. The stock has a market cap of $1.69 billion, a PE ratio of -46.16 and a beta of 2.09. Ultra Clean has a 1 year low of $22.15 and a 1 year high of $56.47.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings data on Thursday, July 25th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $516.10 million during the quarter, compared to analysts’ expectations of $490.06 million. Ultra Clean had a negative net margin of 0.46% and a positive return on equity of 2.59%. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 earnings per share. Equities analysts anticipate that Ultra Clean will post 1.1 earnings per share for the current fiscal year.

About Ultra Clean

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.