Ultra Clean Holdings Inc (NASDAQ:UCTT) Receives $22.20 Average Price Target from Analysts

Shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) have received an average recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $21.50.

UCTT has been the subject of a number of analyst reports. Craig Hallum boosted their price objective on shares of Ultra Clean from $16.00 to $22.50 and gave the company a “buy” rating in a research report on Thursday, October 24th. Needham & Company LLC boosted their price objective on shares of Ultra Clean from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday. BidaskClub lowered shares of Ultra Clean from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 11th. Zacks Investment Research lowered shares of Ultra Clean from a “strong-buy” rating to a “hold” rating in a research report on Friday. Finally, Standpoint Research lowered shares of Ultra Clean from a “buy” rating to a “hold” rating in a research report on Friday, November 1st.

In related news, Director Leonid Mezhvinsky sold 22,500 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $22.10, for a total value of $497,250.00. Following the completion of the sale, the director now directly owns 26,399 shares in the company, valued at $583,417.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider William Joe Williams sold 17,650 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $22.73, for a total transaction of $401,184.50. Following the completion of the sale, the insider now owns 56,873 shares of the company’s stock, valued at $1,292,723.29. The disclosure for this sale can be found here. In the last three months, insiders sold 56,150 shares of company stock valued at $1,260,675. Company insiders own 1.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its holdings in Ultra Clean by 2,260.4% in the third quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 2,509 shares during the period. Bank of Montreal Can grew its holdings in Ultra Clean by 77.1% in the second quarter. Bank of Montreal Can now owns 8,175 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 3,559 shares during the period. Hancock Whitney Corp purchased a new stake in Ultra Clean in the third quarter valued at approximately $154,000. Virtu Financial LLC purchased a new stake in Ultra Clean in the third quarter valued at approximately $164,000. Finally, Metropolitan Life Insurance Co NY grew its holdings in Ultra Clean by 9.6% in the third quarter. Metropolitan Life Insurance Co NY now owns 11,887 shares of the semiconductor company’s stock valued at $174,000 after purchasing an additional 1,045 shares during the period. Hedge funds and other institutional investors own 83.44% of the company’s stock.

Shares of NASDAQ:UCTT traded down $1.00 during trading on Tuesday, reaching $24.33. The stock had a trading volume of 22,391 shares, compared to its average volume of 440,909. The business has a fifty day moving average price of $23.33 and a 200-day moving average price of $17.91. The company has a quick ratio of 1.78, a current ratio of 2.72 and a debt-to-equity ratio of 0.72. The stock has a market cap of $1.02 billion, a P/E ratio of -2,433.00, a PEG ratio of 1.27 and a beta of 1.21. Ultra Clean has a fifty-two week low of $9.56 and a fifty-two week high of $25.81.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. The business had revenue of $254.30 million during the quarter, compared to analyst estimates of $244.99 million. Ultra Clean had a negative net margin of 0.02% and a positive return on equity of 7.39%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 earnings per share. As a group, equities analysts forecast that Ultra Clean will post 0.88 EPS for the current year.

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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Analyst Recommendations for Ultra Clean (NASDAQ:UCTT)

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