Shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) have earned a consensus rating of “Buy” from the nine brokerages that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $17.83.

A number of analysts recently commented on the company. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. BidaskClub upgraded Ultra Clean from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. Dougherty & Co restated a “buy” rating and issued a $18.50 target price (up from $17.00) on shares of Ultra Clean in a research note on Friday, May 3rd. Zacks Investment Research lowered Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 9th. Finally, Cowen set a $150.00 target price on Tesla and gave the company a “sell” rating in a research note on Friday, May 3rd.

In other Ultra Clean news, CFO Sheri Savage sold 8,670 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $14.15, for a total value of $122,680.50. Following the sale, the chief financial officer now directly owns 155,236 shares in the company, valued at $2,196,589.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Clarence L. Granger bought 21,000 shares of the stock in a transaction on Thursday, May 9th. The stock was purchased at an average price of $13.49 per share, for a total transaction of $283,290.00. Following the completion of the purchase, the director now owns 170,098 shares of the company’s stock, valued at $2,294,622.02. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in shares of Ultra Clean by 2.2% during the 1st quarter. JPMorgan Chase & Co. now owns 736,666 shares of the semiconductor company’s stock valued at $7,624,000 after purchasing an additional 15,784 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Ultra Clean by 239.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 91,482 shares of the semiconductor company’s stock valued at $774,000 after purchasing an additional 64,520 shares during the period. Millennium Management LLC bought a new stake in shares of Ultra Clean during the 4th quarter valued at $117,000. THB Asset Management raised its stake in shares of Ultra Clean by 56.5% during the 1st quarter. THB Asset Management now owns 475,380 shares of the semiconductor company’s stock valued at $4,920,000 after purchasing an additional 171,703 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Ultra Clean by 20.3% during the 4th quarter. Rhumbline Advisers now owns 113,098 shares of the semiconductor company’s stock valued at $958,000 after purchasing an additional 19,049 shares during the period. Institutional investors own 91.12% of the company’s stock.

Ultra Clean stock traded up $0.57 during mid-day trading on Friday, reaching $14.09. 3,151 shares of the company’s stock were exchanged, compared to its average volume of 304,668. The business has a fifty day simple moving average of $13.25. The company has a market capitalization of $531.74 million, a price-to-earnings ratio of 8.52, a PEG ratio of 1.15 and a beta of 1.07. Ultra Clean has a one year low of $6.94 and a one year high of $16.69. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.03 and a quick ratio of 1.88.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.08. The business had revenue of $260.00 million for the quarter, compared to analyst estimates of $240.71 million. Ultra Clean had a return on equity of 11.20% and a net margin of 1.20%. Ultra Clean’s quarterly revenue was down 17.4% compared to the same quarter last year. During the same period last year, the company posted $0.67 earnings per share. As a group, equities research analysts anticipate that Ultra Clean will post 0.86 earnings per share for the current year.

About Ultra Clean

Ultra Clean Holdings, Inc designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products.

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Analyst Recommendations for Ultra Clean (NASDAQ:UCTT)

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