Somewhat Positive Media Coverage Somewhat Unlikely to Affect Ultra Clean Holdings (UCTT) Share Price
Headlines about Ultra Clean Holdings (NASDAQ:UCTT) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ultra Clean Holdings earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 45.6290362109207 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Ultra Clean Technology : Receives Lam Research’s 2017 Supplier Excellence Award (4-traders.com)
- Ultra Clean Holdings, Inc. (UCTT) SVP Sells $457,457.16 in Stock (americanbankingnews.com)
- Ultra Clean Technology Receives Lam Research’s 2017 Supplier Excellence Award – PR Newswire (press release) (prnewswire.com)
- 4 Excellent PEG Stocks for Value Investors in a Bull Market – Nasdaq (nasdaq.com)
UCTT has been the topic of several recent research reports. ValuEngine upgraded Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th. Cowen and Company initiated coverage on Ultra Clean Holdings in a research note on Thursday, June 15th. They issued a “market perform” rating and a $26.00 price target on the stock. Needham & Company LLC upped their price target on Ultra Clean Holdings from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Stifel Nicolaus upped their price target on Ultra Clean Holdings from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Monday, July 10th. Finally, BidaskClub downgraded Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $27.83.
Shares of Ultra Clean Holdings (NASDAQ UCTT) opened at 26.96 on Monday. Ultra Clean Holdings has a 1-year low of $6.77 and a 1-year high of $26.98. The stock has a market cap of $901.33 million, a P/E ratio of 19.51 and a beta of 1.22. The company has a 50 day moving average price of $23.03 and a 200 day moving average price of $20.21.
Ultra Clean Holdings (NASDAQ:UCTT) last issued its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.11. The company had revenue of $228.26 million during the quarter, compared to the consensus estimate of $213.92 million. Ultra Clean Holdings had a net margin of 6.25% and a return on equity of 24.16%. Ultra Clean Holdings’s revenue for the quarter was up 75.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 earnings per share. On average, equities analysts anticipate that Ultra Clean Holdings will post $2.29 EPS for the current year.
In other Ultra Clean Holdings news, SVP David Speirs sold 19,029 shares of Ultra Clean Holdings stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $24.04, for a total value of $457,457.16. Following the transaction, the senior vice president now directly owns 100,879 shares of the company’s stock, valued at $2,425,131.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sheri Brumm sold 20,512 shares of Ultra Clean Holdings stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $22.85, for a total transaction of $468,699.20. Following the completion of the transaction, the chief financial officer now directly owns 170,939 shares in the company, valued at $3,905,956.15. The disclosure for this sale can be found here. Insiders sold 49,662 shares of company stock worth $1,158,684 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.
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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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