Standpoint Research cut shares of Ultra Clean Holdings Inc. (NASDAQ:UCTT) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

A number of other equities research analysts also recently issued reports on the stock. Needham & Company LLC decreased their price target on shares of Ultra Clean Holdings from $10.00 to $8.50 and set a buy rating on the stock in a research note on Thursday, October 27th. Dougherty & Co upped their price target on shares of Ultra Clean Holdings from $8.50 to $9.50 and gave the company a buy rating in a research note on Tuesday, October 25th. Finally, Zacks Investment Research upgraded shares of Ultra Clean Holdings from a hold rating to a strong-buy rating and set a $8.00 price objective on the stock in a research report on Thursday, September 29th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average price target of $8.25.

Analyst Recommendations for Ultra Clean Holdings (NASDAQ:UCTT)

Ultra Clean Holdings (NASDAQ:UCTT) traded up 5.36% during midday trading on Tuesday, hitting $9.64. 356,780 shares of the stock traded hands. Ultra Clean Holdings has a 52-week low of $4.50 and a 52-week high of $10.00. The firm’s 50-day moving average is $8.07 and its 200-day moving average is $6.64. The company’s market cap is $315.79 million.

Ultra Clean Holdings (NASDAQ:UCTT) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.05. The company had revenue of $146.15 million for the quarter, compared to the consensus estimate of $134.89 million. Ultra Clean Holdings had a negative net margin of 3.19% and a positive return on equity of 3.10%. Ultra Clean Holdings’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Analysts predict that Ultra Clean Holdings will post $0.46 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in Ultra Clean Holdings by 4.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,500 shares of the company’s stock worth $100,000 after buying an additional 600 shares during the last quarter. BlackRock Inc. boosted its position in shares of Ultra Clean Holdings by 810.9% in the second quarter. BlackRock Inc. now owns 17,900 shares of the company’s stock valued at $102,000 after buying an additional 15,935 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Ultra Clean Holdings during the second quarter valued at about $103,000. A.R.T. Advisors LLC acquired a new position in shares of Ultra Clean Holdings during the second quarter valued at about $131,000. Finally, Algert Global LLC acquired a new position in shares of Ultra Clean Holdings during the third quarter valued at about $139,000. Hedge funds and other institutional investors own 65.45% of the company’s stock.

About Ultra Clean Holdings

Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems. 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.

5 Day Chart for NASDAQ:UCTT

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