Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Receives Consensus Rating of “Buy” from Analysts

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) has been given a consensus rating of “Buy” by the three research firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have covered the stock in the last year is $58.67.

A number of analysts recently issued reports on the stock. Craig Hallum increased their price target on shares of Ultra Clean from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Oppenheimer initiated coverage on Ultra Clean in a research report on Wednesday. They set an “outperform” rating and a $70.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $56.00 price target on shares of Ultra Clean in a report on Friday, July 26th. Finally, TD Cowen raised their price objective on Ultra Clean from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th.

Ultra Clean Stock Down 0.5 %

Shares of UCTT stock opened at $34.25 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.60 and a current ratio of 2.73. Ultra Clean has a fifty-two week low of $22.15 and a fifty-two week high of $56.47. The firm has a market capitalization of $1.54 billion, a PE ratio of -41.77 and a beta of 2.09. The stock’s 50-day simple moving average is $38.32 and its 200-day simple moving average is $43.27.

Ultra Clean (NASDAQ:UCTT) last posted its earnings results on Thursday, July 25th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter. The company had revenue of $516.10 million during the quarter, compared to the consensus estimate of $490.06 million. Ultra Clean had a negative net margin of 0.46% and a positive return on equity of 2.59%. The firm’s quarterly revenue was up 22.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 earnings per share.

Insider Activity at Ultra Clean

In other Ultra Clean news, CEO James P. Scholhamer sold 26,608 shares of the business’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $55.10, for a total value of $1,466,100.80. Following the completion of the transaction, the chief executive officer now owns 418,453 shares in the company, valued at $23,056,760.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO James P. Scholhamer sold 26,608 shares of the company’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $55.10, for a total value of $1,466,100.80. Following the completion of the transaction, the chief executive officer now owns 418,453 shares in the company, valued at approximately $23,056,760.30. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Sheri Savage sold 10,079 shares of Ultra Clean stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $54.18, for a total value of $546,080.22. Following the transaction, the chief financial officer now directly owns 52,575 shares in the company, valued at approximately $2,848,513.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,266 shares of company stock worth $2,556,853. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its holdings in shares of Ultra Clean by 10.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,490 shares of the semiconductor company’s stock valued at $563,000 after purchasing an additional 1,520 shares in the last quarter. UBS Group AG boosted its stake in shares of Ultra Clean by 101.9% during the 4th quarter. UBS Group AG now owns 300,993 shares of the semiconductor company’s stock worth $10,276,000 after acquiring an additional 151,928 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in shares of Ultra Clean by 13.7% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 45,482 shares of the semiconductor company’s stock worth $1,553,000 after acquiring an additional 5,489 shares during the period. TFO Wealth Partners LLC increased its stake in Ultra Clean by 27,160.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,726 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 2,716 shares in the last quarter. Finally, Keeley Teton Advisors LLC acquired a new position in Ultra Clean during the fourth quarter worth $431,000. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.