Ultra Clean Holdings, Inc. (NASDAQ:UCTT) has earned an average recommendation of “Buy” from the ten ratings firms that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $27.83.

UCTT has been the subject of several analyst reports. ValuEngine raised Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised Ultra Clean Holdings from a “hold” rating to a “strong-buy” rating and set a $20.00 target price for the company in a research note on Thursday, April 27th. Stifel Nicolaus boosted their target price on Ultra Clean Holdings from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Monday, July 10th. Needham & Company LLC boosted their target price on Ultra Clean Holdings from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, April 27th. Finally, BidaskClub raised Ultra Clean Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th.

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In related news, insider Deborah E. Hayward sold 19,883 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $20.76, for a total value of $412,771.08. Following the completion of the sale, the insider now directly owns 68,574 shares of the company’s stock, valued at approximately $1,423,596.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Mark Bingaman sold 36,743 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $23.34, for a total value of $857,581.62. Following the completion of the sale, the senior vice president now directly owns 76,670 shares of the company’s stock, valued at $1,789,477.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 94,484 shares of company stock valued at $2,119,172. Insiders own 2.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in UCTT. State Board of Administration of Florida Retirement System boosted its stake in shares of Ultra Clean Holdings by 0.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 12,618 shares of the semiconductor company’s stock worth $213,000 after buying an additional 69 shares during the period. LSV Asset Management purchased a new stake in shares of Ultra Clean Holdings during the first quarter worth about $293,000. Wells Fargo & Company MN boosted its stake in shares of Ultra Clean Holdings by 42.4% in the first quarter. Wells Fargo & Company MN now owns 64,881 shares of the semiconductor company’s stock worth $1,094,000 after buying an additional 19,326 shares during the period. DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in shares of Ultra Clean Holdings during the first quarter worth about $1,985,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Ultra Clean Holdings by 23.2% in the first quarter. Russell Investments Group Ltd. now owns 196,166 shares of the semiconductor company’s stock worth $3,309,000 after buying an additional 36,964 shares during the period. 83.33% of the stock is owned by hedge funds and other institutional investors.

Shares of Ultra Clean Holdings (NASDAQ UCTT) traded up 1.33% during midday trading on Friday, reaching $22.10. The company had a trading volume of 903,611 shares. The company’s 50 day moving average price is $21.55 and its 200-day moving average price is $18.03. Ultra Clean Holdings has a 52 week low of $6.00 and a 52 week high of $26.21. The company has a market capitalization of $738.85 million, a P/E ratio of 15.99 and a beta of 1.19.

Ultra Clean Holdings (NASDAQ:UCTT) last released its earnings results on Thursday, July 27th. The semiconductor company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.11. Ultra Clean Holdings had a return on equity of 25.19% and a net margin of 6.25%. The firm had revenue of $228.26 million during the quarter, compared to analysts’ expectations of $213.92 million. During the same period in the previous year, the firm posted $0.10 EPS. Ultra Clean Holdings’s revenue for the quarter was up 75.8% on a year-over-year basis. On average, equities research analysts predict that Ultra Clean Holdings will post $2.28 earnings per share for the current fiscal year.

Ultra Clean Holdings Company Profile

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

Analyst Recommendations for Ultra Clean Holdings (NASDAQ:UCTT)

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