Ultra Clean Holdings Inc. (UCTT) Given Average Recommendation of “Buy” by Analysts
Ultra Clean Holdings Inc. (NASDAQ:UCTT) has been assigned an average recommendation of “Buy” from the six brokerages that are presently covering the company. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $8.25.
Several brokerages have recently weighed in on UCTT. Standpoint Research lowered shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, November 15th. Needham & Company LLC dropped their price objective on shares of Ultra Clean Holdings from $10.00 to $8.50 and set a “buy” rating on the stock in a report on Thursday, October 27th. Dougherty & Co upped their price objective on shares of Ultra Clean Holdings from $8.50 to $9.50 and gave the company a “buy” rating in a report 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 report on Thursday, September 29th.
Ultra Clean Holdings (NASDAQ:UCTT) opened at 9.86 on Tuesday. Ultra Clean Holdings has a 12-month low of $4.50 and a 12-month high of $10.00. The company’s market cap is $322.99 million. The company’s 50-day moving average price is $8.30 and its 200-day moving average price is $6.71.
Ultra Clean Holdings (NASDAQ:UCTT) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.05. Ultra Clean Holdings had a negative net margin of 3.19% and a positive return on equity of 3.10%. The firm had revenue of $146.15 million for the quarter, compared to analyst estimates of $134.89 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. Equities analysts anticipate that Ultra Clean Holdings will post $0.46 earnings per share for the current year.
Several large investors have recently bought and sold shares of UCTT. Connor Clark & Lunn Investment Management Ltd. raised its stake 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 in the last quarter. BlackRock Inc. raised its stake in 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 period. Citadel Advisors LLC purchased a new stake in Ultra Clean Holdings during the second quarter valued at approximately $103,000. A.R.T. Advisors LLC purchased a new stake in Ultra Clean Holdings during the second quarter valued at approximately $131,000. Finally, Algert Global LLC purchased a new stake in Ultra Clean Holdings during the third quarter valued at approximately $139,000. 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.
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