Ultra Clean Holdings, Inc. (NASDAQ:UCTT) had its target price hoisted by Stifel Nicolaus from $18.00 to $20.00 in a report issued on Monday, July 10th, Marketbeat reports. Stifel Nicolaus currently has a hold rating on the semiconductor company’s stock.
UCTT has been the subject of several other reports. ValuEngine upgraded Ultra Clean Holdings from a buy rating to a strong-buy rating in a research note on Friday, June 16th. Cowen and Company started coverage on shares of Ultra Clean Holdings in a research report on Thursday, June 15th. They set a market perform rating and a $26.00 price objective for the company. Zacks Investment Research downgraded shares of Ultra Clean Holdings from a strong-buy rating to a hold rating in a research report on Wednesday, June 28th. Finally, Needham & Company LLC boosted their price objective on shares of Ultra Clean Holdings from $18.00 to $22.00 and gave the company a buy rating in a research report on Thursday, April 27th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $27.83.
Ultra Clean Holdings (NASDAQ:UCTT) traded down 1.18% during midday trading on Monday, reaching $20.88. The company had a trading volume of 968,605 shares. The firm has a 50-day moving average of $21.59 and a 200-day moving average of $17.96. Ultra Clean Holdings has a 12 month low of $5.94 and a 12 month high of $26.21. The stock has a market cap of $698.06 million, a P/E ratio of 15.11 and a beta of 1.19.
Ultra Clean Holdings (NASDAQ:UCTT) last issued its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.11. The business had revenue of $228.26 million during the quarter, compared to analysts’ expectations of $213.92 million. Ultra Clean Holdings had a return on equity of 25.19% and a net margin of 6.25%. The firm’s revenue for the quarter was up 75.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share. On average, equities analysts expect that Ultra Clean Holdings will post $2.28 EPS for the current fiscal year.
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In other news, Director Leonid Mezhvinsky sold 6,800 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $23.26, for a total transaction of $158,168.00. Following the completion of the transaction, the director now directly owns 33,500 shares in the company, valued at $779,210. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Deborah E. Hayward sold 19,883 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $20.76, for a total transaction of $412,771.08. Following the transaction, the insider now owns 68,574 shares of the company’s stock, valued at $1,423,596.24. The disclosure for this sale can be found here. Insiders have sold 94,484 shares of company stock valued at $2,119,172 over the last quarter. Company insiders own 2.60% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Allianz Asset Management AG bought a new stake in Ultra Clean Holdings during the fourth quarter worth $100,000. State Board of Administration of Florida Retirement System increased its stake in Ultra Clean Holdings by 2.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 12,549 shares of the semiconductor company’s stock worth $122,000 after buying an additional 251 shares during the last quarter. Legal & General Group Plc increased its stake in Ultra Clean Holdings by 4.2% in the second quarter. Legal & General Group Plc now owns 7,824 shares of the semiconductor company’s stock worth $146,000 after buying an additional 314 shares during the last quarter. Greenwood Capital Associates LLC increased its stake in Ultra Clean Holdings by 3.1% in the first quarter. Greenwood Capital Associates LLC now owns 11,076 shares of the semiconductor company’s stock worth $187,000 after buying an additional 334 shares during the last quarter. Finally, Nordea Investment Management AB bought a new stake in Ultra Clean Holdings during the first quarter worth $204,000. Institutional investors and hedge funds own 83.44% of the company’s stock.
About Ultra Clean Holdings
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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