Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Stock Has Consensus Price Target of $114.00 According to Brokerages

Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $114.00.

UCTT has been the subject of a number of research reports. Zacks Research lowered shares of Ultra Clean from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. Oppenheimer lifted their target price on Ultra Clean from $115.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. UBS Group reaffirmed a “buy” rating on shares of Ultra Clean in a research note on Wednesday. Wall Street Zen upgraded Ultra Clean from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Finally, Needham & Company LLC lowered their price objective on Ultra Clean from $125.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its stake in shares of Ultra Clean by 37.3% during the first quarter. EverSource Wealth Advisors LLC now owns 721 shares of the semiconductor company’s stock worth $45,000 after buying an additional 196 shares during the last quarter. Kilter Group LLC acquired a new position in Ultra Clean in the second quarter valued at approximately $30,000. GAMMA Investing LLC lifted its holdings in Ultra Clean by 3.5% in the third quarter. GAMMA Investing LLC now owns 6,199 shares of the semiconductor company’s stock valued at $502,000 after buying an additional 208 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Ultra Clean by 22.8% in the second quarter. Parkside Financial Bank & Trust now owns 1,262 shares of the semiconductor company’s stock valued at $180,000 after buying an additional 234 shares during the period. Finally, Signaturefd LLC boosted its stake in Ultra Clean by 38.9% in the third quarter. Signaturefd LLC now owns 1,004 shares of the semiconductor company’s stock valued at $81,000 after acquiring an additional 281 shares during the last quarter. Institutional investors own 96.06% of the company’s stock.

Ultra Clean Stock Down 9.1%

Shares of NASDAQ:UCTT opened at $49.71 on Friday. The company has a quick ratio of 1.25, a current ratio of 2.79 and a debt-to-equity ratio of 0.78. The firm has a market cap of $2.38 billion, a P/E ratio of 87.21, a P/E/G ratio of 0.53 and a beta of 1.86. Ultra Clean has a 12 month low of $21.49 and a 12 month high of $144.22. The company’s 50-day moving average price is $66.61 and its two-hundred day moving average price is $74.23.

Ultra Clean (NASDAQ:UCTT) last announced its earnings results on Tuesday, October 27th. The semiconductor company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.21. Ultra Clean had a net margin of 1.09% and a return on equity of 12.00%. The company had revenue of $759.00 million during the quarter, compared to the consensus estimate of $727.55 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The company’s revenue was up 48.8% on a year-over-year basis. As a group, research analysts forecast that Ultra Clean will post 2.99 EPS for the current fiscal year.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc (NASDAQ: UCTT) provides critical subsystems, components and services used in the production of semiconductor and other high-technology products. The company designs and manufactures gas delivery systems, fluid delivery systems, precision-machined components, process modules and other equipment used by semiconductor capital-equipment manufacturers.

Ultra Clean also provides contract manufacturing, analytical laboratory, equipment installation, repair, refurbishment and tool-maintenance services.