Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) have been given an average recommendation of “Buy” by the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $27.83.

UCTT has been the subject of several analyst reports. Stifel Nicolaus increased their price target on shares of Ultra Clean Holdings from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Needham & Company LLC increased their price target on shares of Ultra Clean Holdings from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, April 27th. ValuEngine lowered shares of Ultra Clean Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 9th. Zacks Investment Research raised shares of Ultra Clean Holdings from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, July 18th. Finally, BidaskClub raised shares of Ultra Clean Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th.

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In related news, CFO Sheri Brumm sold 20,512 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $22.85, for a total value of $468,699.20. Following the completion of the transaction, the chief financial officer now directly owns 170,939 shares of the company’s stock, valued at approximately $3,905,956.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leonid Mezhvinsky sold 6,800 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $23.26, for a total transaction of $158,168.00. Following the completion of the transaction, the director now directly owns 33,500 shares of the company’s stock, valued at $779,210. The disclosure for this sale can be found here. Insiders sold a total of 94,484 shares of company stock valued at $2,119,172 over the last ninety days. 2.60% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Ultra Clean Holdings by 21.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,779,331 shares of the semiconductor company’s stock valued at $46,886,000 after buying an additional 488,054 shares during the last quarter. ClariVest Asset Management LLC raised its position in shares of Ultra Clean Holdings by 1,231.9% in the second quarter. ClariVest Asset Management LLC now owns 479,084 shares of the semiconductor company’s stock valued at $8,982,000 after buying an additional 443,115 shares during the last quarter. Bank of Montreal Can raised its position in shares of Ultra Clean Holdings by 97,560.0% in the second quarter. Bank of Montreal Can now owns 442,400 shares of the semiconductor company’s stock valued at $8,295,000 after buying an additional 441,947 shares during the last quarter. Neuberger Berman Group LLC bought a new position in shares of Ultra Clean Holdings during the first quarter valued at approximately $6,748,000. Finally, Systematic Financial Management LP bought a new position in shares of Ultra Clean Holdings during the first quarter valued at approximately $4,088,000. 83.44% of the stock is owned by hedge funds and other institutional investors.

Shares of Ultra Clean Holdings (UCTT) traded down 1.14% on Friday, reaching $20.89. 724,305 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $21.59 and a 200-day moving average price of $17.96. Ultra Clean Holdings has a 12-month low of $5.94 and a 12-month high of $26.21. The company has a market cap of $698.39 million, a PE ratio of 15.12 and a beta of 1.19.

Ultra Clean Holdings (NASDAQ:UCTT) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.11. The business had revenue of $228.26 million during the quarter, compared to analyst estimates of $213.92 million. Ultra Clean Holdings had a net margin of 6.25% and a return on equity of 25.19%. The company’s quarterly revenue was up 75.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 earnings per share. Equities research analysts anticipate that Ultra Clean Holdings will post $2.28 EPS for the current fiscal year.

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.

Analyst Recommendations for Ultra Clean Holdings (NASDAQ:UCTT)

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