Ultra Clean Holdings Inc. (NASDAQ:UCTT)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $7.25 and last traded at $6.94, with a volume of 103,458 shares trading hands. The stock had previously closed at $6.68.

A number of equities analysts have recently commented on UCTT shares. Needham & Company LLC raised their price objective on shares of Ultra Clean Holdings from $7.00 to $8.50 and gave the company a “buy” rating in a research report on Friday, July 29th. Dougherty & Co raised their price objective 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. Zacks Investment Research lowered shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Finally, Stifel Nicolaus downgraded shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $7.50.

The firm’s 50 day moving average price is $6.11 and its 200 day moving average price is $5.54. The company’s market cap is $226.32 million.

Ultra Clean Holdings (NASDAQ:UCTT) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.02. The company had revenue of $129.83 million for the quarter, compared to the consensus estimate of $125.16 million. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 earnings per share. On average, analysts anticipate that Ultra Clean Holdings Inc. will post $0.33 EPS for the current fiscal year.

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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