Ultra Clean Holdings Inc (NASDAQ:UCTT) shares shot up 0% during mid-day trading on Wednesday . The company traded as high as $25.17 and last traded at $24.98. 1,205,761 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 1,600,245 shares. The stock had previously closed at $24.98.

A number of brokerages have recently issued reports on UCTT. Zacks Investment Research downgraded shares of Ultra Clean from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Stifel Nicolaus raised shares of Ultra Clean from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Monday, December 4th. Needham & Company LLC cut their price objective on shares of Ultra Clean from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. Dougherty & Co lifted their price objective on shares of Ultra Clean from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Finally, Cowen lifted their price objective on shares of Ultra Clean from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 18th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Ultra Clean has an average rating of “Buy” and an average target price of $31.50.

The company has a market capitalization of $840.01, a P/E ratio of 13.29, a P/E/G ratio of 0.61 and a beta of 1.02. The company has a quick ratio of 1.09, a current ratio of 2.06 and a debt-to-equity ratio of 0.15.

Ultra Clean (NASDAQ:UCTT) last released its earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.02). The company had revenue of $242.60 million during the quarter, compared to analyst estimates of $239.11 million. Ultra Clean had a return on equity of 28.77% and a net margin of 7.55%. The firm’s revenue for the quarter was up 65.9% on a year-over-year basis. During the same quarter last year, the business earned $0.17 earnings per share. sell-side analysts predict that Ultra Clean Holdings Inc will post 2.34 earnings per share for the current fiscal year.

In related news, insider Deborah E. Hayward sold 13,872 shares of Ultra Clean stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $32.48, for a total value of $450,562.56. Following the completion of the sale, the insider now directly owns 61,702 shares in the company, valued at approximately $2,004,080.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ronald D’ercole sold 3,009 shares of Ultra Clean stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $21.41, for a total transaction of $64,422.69. Following the completion of the sale, the senior vice president now owns 58,909 shares of the company’s stock, valued at $1,261,241.69. The disclosure for this sale can be found here. Insiders sold a total of 39,785 shares of company stock valued at $1,037,188 over the last quarter. 2.60% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. lifted its stake in Ultra Clean by 97.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 109,440 shares of the semiconductor company’s stock valued at $2,052,000 after acquiring an additional 53,940 shares during the period. Legal & General Group Plc lifted its stake in Ultra Clean by 4.2% during the 2nd quarter. Legal & General Group Plc now owns 7,824 shares of the semiconductor company’s stock valued at $146,000 after acquiring an additional 314 shares during the period. Principal Financial Group Inc. acquired a new stake in Ultra Clean during the 2nd quarter valued at approximately $228,000. Swiss National Bank acquired a new stake in Ultra Clean during the 2nd quarter valued at approximately $992,000. Finally, AXA lifted its stake in Ultra Clean by 523.7% during the 2nd quarter. AXA now owns 121,000 shares of the semiconductor company’s stock valued at $2,269,000 after acquiring an additional 101,600 shares during the period. Institutional investors own 75.48% of the company’s stock.

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Ultra Clean Company Profile

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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