Ultra Clean (NASDAQ:UCTT)‘s stock had its “outperform” rating restated by equities research analysts at Cowen in a note issued to investors on Friday, Marketbeat.com reports. They currently have a $20.00 price target on the semiconductor company’s stock, up from their prior price target of $16.00. Cowen’s price target would suggest a potential upside of 38.03% from the company’s current price.
Several other research analysts have also commented on UCTT. Needham & Company LLC reiterated a “buy” rating on shares of Ultra Clean in a research note on Sunday, January 6th. BidaskClub upgraded shares of Ultra Clean from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. ValuEngine upgraded shares of Ultra Clean from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 30th. Finally, Craig Hallum lowered shares of Ultra Clean from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.70.
Shares of NASDAQ UCTT traded up $1.92 during trading hours on Friday, hitting $14.49. 2,072,989 shares of the stock were exchanged, compared to its average volume of 330,565. The company has a quick ratio of 1.99, a current ratio of 3.32 and a debt-to-equity ratio of 0.74. The firm has a market cap of $569.28 million, a PE ratio of 8.73, a price-to-earnings-growth ratio of 1.20 and a beta of 1.21. Ultra Clean has a 12 month low of $6.94 and a 12 month high of $19.09.
Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.13 by $0.08. The firm had revenue of $260.00 million during the quarter, compared to analyst estimates of $240.71 million. Ultra Clean had a net margin of 1.20% and a return on equity of 11.25%. Ultra Clean’s revenue was down 17.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 EPS. On average, equities research analysts anticipate that Ultra Clean will post 0.87 earnings per share for the current fiscal year.
In other Ultra Clean news, CFO Sheri Savage sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $10.17, for a total transaction of $305,100.00. Following the transaction, the chief financial officer now owns 135,491 shares in the company, valued at approximately $1,377,943.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.90% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Rhumbline Advisers increased its stake in Ultra Clean by 0.8% during the 1st quarter. Rhumbline Advisers now owns 113,955 shares of the semiconductor company’s stock valued at $1,179,000 after purchasing an additional 857 shares in the last quarter. Texas Permanent School Fund increased its stake in Ultra Clean by 3.8% during the 1st quarter. Texas Permanent School Fund now owns 26,490 shares of the semiconductor company’s stock valued at $274,000 after purchasing an additional 960 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Ultra Clean by 57.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,362 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 1,231 shares in the last quarter. Comerica Bank increased its stake in Ultra Clean by 3.3% during the 1st quarter. Comerica Bank now owns 38,872 shares of the semiconductor company’s stock valued at $442,000 after purchasing an additional 1,249 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Ultra Clean by 10.2% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,808 shares of the semiconductor company’s stock valued at $153,000 after purchasing an additional 1,372 shares in the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.
Ultra Clean Company Profile
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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