Ultra Clean Holdings, Inc. (NASDAQ:UCTT) had its price target lifted by Stifel Nicolaus from $18.00 to $20.00 in a research note issued to investors on Monday. The brokerage currently has a “hold” rating on the semiconductor company’s stock. Stifel Nicolaus’ target price indicates a potential downside of 6.28% from the stock’s previous close.
Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Ultra Clean Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. ValuEngine raised shares of Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 16th. Cowen and Company assumed coverage on shares of Ultra Clean Holdings in a research report on Thursday, June 15th. They issued a “market perform” rating and a $26.00 price target on the stock. Finally, Needham & Company LLC boosted their price target 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Ultra Clean Holdings has a consensus rating of “Hold” and an average price target of $19.50.
Ultra Clean Holdings (UCTT) opened at 21.34 on Monday. The company has a 50-day moving average of $22.00 and a 200-day moving average of $16.03. The firm has a market cap of $705.52 million, a price-to-earnings ratio of 26.12 and a beta of 1.15. Ultra Clean Holdings has a 52 week low of $5.40 and a 52 week high of $26.21.
Ultra Clean Holdings (NASDAQ:UCTT) last announced its quarterly earnings data on Wednesday, April 26th. The semiconductor company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.42 by $0.05. The business had revenue of $204.60 million for the quarter, compared to analyst estimates of $192.61 million. Ultra Clean Holdings had a net margin of 4.22% and a return on equity of 17.24%. The business’s quarterly revenue was up 82.4% on a year-over-year basis. Equities research analysts forecast that Ultra Clean Holdings will post $1.72 earnings per share for the current fiscal year.
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In other news, SVP Michael Roy Henderson sold 10,425 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $21.00, for a total value of $218,925.00. Following the sale, the senior vice president now owns 43,272 shares of the company’s stock, valued at $908,712. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP David Speirs sold 44,129 shares of the business’s stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $15.11, for a total transaction of $666,789.19. Following the transaction, the senior vice president now directly owns 147,920 shares of the company’s stock, valued at approximately $2,235,071.20. The disclosure for this sale can be found here. In the last three months, insiders sold 154,350 shares of company stock worth $3,062,538. Insiders own 2.60% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new position in shares of Ultra Clean Holdings during the fourth quarter valued at approximately $1,566,000. Systematic Financial Management LP purchased a new position in shares of Ultra Clean Holdings during the first quarter valued at approximately $4,088,000. Allianz Asset Management AG purchased a new position in shares of Ultra Clean Holdings during the fourth quarter valued at approximately $100,000. Gotham Asset Management LLC purchased a new position in shares of Ultra Clean Holdings during the first quarter valued at approximately $507,000. Finally, Renaissance Technologies LLC boosted its position in shares of Ultra Clean Holdings by 186.6% in the fourth quarter. Renaissance Technologies LLC now owns 763,500 shares of the semiconductor company’s stock valued at $7,406,000 after buying an additional 497,100 shares in the last quarter. 85.27% of the stock is owned by institutional investors.
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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