Ultra Clean Holdings, Inc. (UCTT) Upgraded at BidaskClub
BidaskClub upgraded shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) from a hold rating to a buy rating in a research note released on Wednesday.
UCTT has been the topic of several other reports. Stifel Nicolaus boosted their target price on shares of Ultra Clean Holdings from $18.00 to $20.00 and gave the company a hold rating in a research note on Monday, July 10th. Cowen and Company assumed coverage on shares of Ultra Clean Holdings in a research note on Thursday, June 15th. They set a market perform rating and a $26.00 target price on the stock. ValuEngine raised shares of Ultra Clean Holdings from a buy rating to a strong-buy rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded shares of Ultra Clean Holdings from a strong-buy rating to a hold rating in a research note on Wednesday, April 26th. Finally, Needham & Company LLC upped their price target on shares of Ultra Clean Holdings from $18.00 to $22.00 and gave the stock a buy rating in a research note on Thursday, April 27th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Ultra Clean Holdings currently has an average rating of Buy and a consensus price target of $19.50.
Ultra Clean Holdings (NASDAQ:UCTT) traded up 2.486% during trading on Wednesday, reaching $22.752. The company’s stock had a trading volume of 536,144 shares. Ultra Clean Holdings has a 52 week low of $5.77 and a 52 week high of $26.21. The firm has a market capitalization of $752.20 million, a P/E ratio of 27.848 and a beta of 1.15. The firm has a 50-day moving average price of $22.00 and a 200-day moving average price of $16.03.
Ultra Clean Holdings (NASDAQ:UCTT) last announced its earnings results on Wednesday, April 26th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.05. Ultra Clean Holdings had a net margin of 4.22% and a return on equity of 17.24%. The company had revenue of $204.60 million for the quarter, compared to the consensus estimate of $192.61 million. Ultra Clean Holdings’s revenue for the quarter was up 82.4% on a year-over-year basis. On average, equities analysts anticipate that Ultra Clean Holdings will post $1.72 EPS for the current fiscal year.
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In related news, Director Leonid Mezhvinsky sold 6,800 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $23.26, for a total value of $158,168.00. Following the completion of the sale, the director now directly owns 33,500 shares in the company, valued at $779,210. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael Roy Henderson sold 10,425 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $21.00, for a total transaction of $218,925.00. Following the completion of the sale, the senior vice president now owns 43,272 shares of the company’s stock, valued at $908,712. The disclosure for this sale can be found here. Insiders sold 110,221 shares of company stock valued at $2,395,749 over the last quarter. 2.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in UCTT. Russell Investments Group Ltd. purchased a new stake in Ultra Clean Holdings during the fourth quarter worth about $1,566,000. State Board of Administration of Florida Retirement System boosted its stake in Ultra Clean Holdings by 2.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 12,549 shares of the semiconductor company’s stock worth $122,000 after buying an additional 251 shares during the period. State Street Corp boosted its stake in Ultra Clean Holdings by 10.7% in the fourth quarter. State Street Corp now owns 496,452 shares of the semiconductor company’s stock worth $4,817,000 after buying an additional 47,985 shares during the period. Dimensional Fund Advisors LP boosted its stake in Ultra Clean Holdings by 19.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,291,277 shares of the semiconductor company’s stock worth $22,226,000 after buying an additional 377,802 shares during the period. Finally, Allianz Asset Management AG purchased a new stake in Ultra Clean Holdings during the fourth quarter worth about $100,000. Institutional investors own 85.94% of the company’s stock.
About Ultra Clean Holdings
Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. 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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