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

Several brokerages have weighed in on UCTT. Needham & Company LLC reaffirmed a “buy” rating and set a $7.00 target price on shares of Ultra Clean Holdings in a research note on Friday, July 8th. Zacks Investment Research lowered shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. 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 note on Friday, July 29th. Finally, Stifel Nicolaus lowered shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $7.50.

The firm’s market capitalization is $212.32 million. The company’s 50-day moving average is $5.96 and its 200-day moving average is $5.48.

Ultra Clean Holdings (NASDAQ:UCTT) last announced its earnings results on Thursday, July 28th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. During the same period in the previous year, the firm posted $0.10 EPS. The firm earned $129.83 million during the quarter, compared to analyst estimates of $125.16 million. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, equities research analysts expect that Ultra Clean Holdings Inc. will post $0.33 EPS for the current year.

An institutional investor recently raised its position in Ultra Clean Holdings stock. Royce & Associates LLC boosted its stake in shares of Ultra Clean Holdings Inc. (NASDAQ:UCTT) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,871,008 shares of the company’s stock after buying an additional 45,000 shares during the period. Royce & Associates LLC owned about 5.85% of Ultra Clean Holdings worth $9,580,000 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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