Ultra Clean Holdings Inc. (NASDAQ:UCTT) shares were down 1.6% on Wednesday . The stock traded as low as $6.08 and last traded at $6.11, with a volume of 56,459 shares changing hands. The stock had previously closed at $6.21.

Several research analysts have recently weighed in on UCTT shares. Dougherty & Co boosted their price objective on shares of Ultra Clean Holdings from $7.50 to $8.50 and gave the company a “buy” rating in a report on Friday, July 29th. Needham & Company LLC raised shares of Ultra Clean Holdings from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a report on Monday, April 18th. Stifel Nicolaus cut shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 8th. Finally, Zacks Investment Research cut shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $7.50.

The stock’s 50 day moving average is $5.85 and its 200 day moving average is $5.43. The firm’s market capitalization is $197.99 million.

Ultra Clean Holdings (NASDAQ:UCTT) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $129.83 million for the quarter, compared to analysts’ expectations of $125.16 million. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 earnings per share. Equities research analysts predict that Ultra Clean Holdings Inc. will post $0.33 EPS for the current fiscal year.

Other institutional investors have bought and sold shares of the company. Royce & Associates LLC raised its position 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 worth $9,580,000 after buying an additional 45,000 shares in the last quarter. Paradigm Capital Management Inc. NY raised its position 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 worth $6,863,000 after buying an additional 183,782 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position 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 worth $8,092,000 after buying an additional 231,825 shares in 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.

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