Ultra Clean Holdings Inc. (NASDAQ:UCTT) shot up 3.4% during mid-day trading on Friday . The stock traded as high as $6.03 and last traded at $6.01, with a volume of 147,334 shares traded. The stock had previously closed at $5.81.

Several research firms have recently issued reports on UCTT. Needham & Company LLC reaffirmed a “buy” rating and set a $7.00 price objective on shares of Ultra Clean Holdings in a research report on Friday, July 8th. Zacks Investment Research cut shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Finally, Stifel Nicolaus cut shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $7.60.

The firm’s 50 day moving average price is $5.74 and its 200 day moving average price is $5.33. The company’s market capitalization is $194.01 million.

Ultra Clean Holdings (NASDAQ:UCTT) last posted its quarterly earnings results on Thursday, April 21st. The company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.12. During the same quarter in the prior year, the company posted $0.14 earnings per share. The business had revenue of $112.20 million for the quarter, compared to the consensus estimate of $109.86 million. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. Equities analysts predict that Ultra Clean Holdings Inc. will post $0.26 EPS for the current year.

Other large investors have added to or reduced their stakes in the company. LSV Asset Management raised its stake in Ultra Clean Holdings by 17.0% in the fourth quarter. LSV Asset Management now owns 565,973 shares of the company’s stock valued at $2,897,000 after buying an additional 82,250 shares during the last quarter. Paradigm Capital Management Inc. NY raised its stake in Ultra Clean Holdings by 15.9% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 1,340,400 shares of the company’s stock valued at $6,863,000 after buying an additional 183,782 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Ultra Clean Holdings by 17.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,580,500 shares of the company’s stock valued at $8,092,000 after buying an additional 231,825 shares during the last quarter. Finally, Royce & Associates LLC raised its stake in Ultra Clean Holdings by 2.5% in the fourth quarter. Royce & Associates LLC now owns 1,871,008 shares of the company’s stock valued at $9,580,000 after buying an additional 45,000 shares during the last quarter.

Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems. 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.