Ultra Clean Holdings Inc. (NASDAQ:UCTT) shares rose 3.7% during trading on Friday . The company traded as high as $6.50 and last traded at $6.48, with a volume of 82,055 shares changing hands. The stock had previously closed at $6.25.

UCTT has been the topic of a number of recent analyst reports. Dougherty & Co upped their target price on shares of Ultra Clean Holdings from $7.50 to $8.50 and gave the company a “buy” rating in a research 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 target price on the stock in a research report on Monday, April 18th. Stifel Nicolaus cut shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research 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 research report on Wednesday, April 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $7.50.

The stock has a 50 day moving average price of $5.96 and a 200 day moving average price of $5.48. The firm’s market cap is $212.32 million.

Ultra Clean Holdings (NASDAQ:UCTT) last issued 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. During the same period in the previous year, the business posted $0.10 earnings per share. The business earned $129.83 million during the quarter, compared to analyst estimates of $125.16 million. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. Equities research analysts anticipate that Ultra Clean Holdings Inc. will post $0.33 EPS for the current fiscal year.

An institutional investor recently raised its position in Ultra Clean Holdings stock. Dimensional Fund Advisors LP raised its position in Ultra Clean Holdings Inc. (NASDAQ:UCTT) by 17.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,580,500 shares of the company’s stock after buying an additional 231,825 shares during the period. Dimensional Fund Advisors LP owned 4.94% of Ultra Clean Holdings worth $8,092,000 at the end of the most recent 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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