Shares of Ultra Clean Holdings Inc. (NASDAQ:UCTT) traded up 4.5% during mid-day trading on Tuesday . The stock traded as high as $7.46 and last traded at $7.41, with a volume of 137,150 shares changing hands. The stock had previously closed at $7.09.

Several analysts have issued reports on the stock. Dougherty & Co boosted 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 note on Friday, July 29th. Zacks Investment Research downgraded shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Needham & Company LLC reissued a “buy” rating and set a $7.00 target price on shares of Ultra Clean Holdings in a research note on Friday, July 8th. 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 an average rating of “Buy” and a consensus price target of $7.50.

The company’s market cap is $241.95 million. The firm has a 50-day moving average price of $6.19 and a 200-day moving average price of $5.58.

Ultra Clean Holdings (NASDAQ:UCTT) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The company earned $129.83 million during the quarter, compared to analyst estimates of $125.16 million. During the same period in the prior year, the business earned $0.10 EPS. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts predict 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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