BidaskClub lowered shares of Ultra Clean (NASDAQ:UCTT) from a sell rating to a strong sell rating in a report published on Saturday.

Several other equities research analysts have also commented on UCTT. Needham & Company LLC lifted their price target on shares of Ultra Clean from $30.00 to $36.00 and gave the stock a strong-buy rating in a research note on Friday, October 13th. ValuEngine lowered shares of Ultra Clean from a strong-buy rating to a buy rating in a research note on Friday, October 13th. Cowen lifted their price target on shares of Ultra Clean from $28.00 to $32.00 and gave the stock an outperform rating in a research note on Wednesday, October 18th. Zacks Investment Research lowered shares of Ultra Clean from a strong-buy rating to a hold rating in a research note on Tuesday, October 24th. Finally, Dougherty & Co lifted their price target on shares of Ultra Clean from $32.00 to $35.00 and gave the stock a buy rating in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $32.00.

Shares of Ultra Clean (UCTT) opened at $17.62 on Friday. Ultra Clean has a one year low of $11.86 and a one year high of $34.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 2.06. The company has a market cap of $592.51, a price-to-earnings ratio of 9.37, a P/E/G ratio of 0.45 and a beta of 0.82.

In other Ultra Clean news, SVP Joan Sterling sold 5,202 shares of Ultra Clean stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $24.04, for a total value of $125,056.08. Following the transaction, the senior vice president now directly owns 64,932 shares in the company, valued at $1,560,965.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO James P. Scholhamer sold 29,949 shares of Ultra Clean stock in a transaction on Friday, January 19th. The shares were sold at an average price of $27.05, for a total transaction of $810,120.45. Following the completion of the transaction, the chief executive officer now owns 336,028 shares in the company, valued at $9,089,557.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,660 shares of company stock worth $1,760,549. 2.60% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc increased its stake in Ultra Clean by 4.2% in the second quarter. Legal & General Group Plc now owns 7,824 shares of the semiconductor company’s stock valued at $146,000 after purchasing an additional 314 shares during the period. The Manufacturers Life Insurance Company increased its stake in Ultra Clean by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 26,505 shares of the semiconductor company’s stock valued at $496,000 after purchasing an additional 454 shares during the period. California Public Employees Retirement System increased its stake in Ultra Clean by 1.3% in the second quarter. California Public Employees Retirement System now owns 105,800 shares of the semiconductor company’s stock valued at $1,984,000 after purchasing an additional 1,400 shares during the period. Goldman Sachs Group Inc. increased its stake in Ultra Clean by 1.6% in the second quarter. Goldman Sachs Group Inc. now owns 102,131 shares of the semiconductor company’s stock valued at $1,915,000 after purchasing an additional 1,618 shares during the period. Finally, Chicago Equity Partners LLC increased its stake in Ultra Clean by 3.1% in the third quarter. Chicago Equity Partners LLC now owns 102,310 shares of the semiconductor company’s stock valued at $3,133,000 after purchasing an additional 3,115 shares during the period. Institutional investors own 66.48% of the company’s stock.

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About Ultra Clean

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 (NASDAQ:UCTT)

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