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

UCTT has been the subject of a number of other reports. TheStreet cut Ultra Clean from a b- rating to a c+ rating in a report on Tuesday, October 9th. Zacks Investment Research raised Ultra Clean from a strong sell rating to a hold rating in a report on Friday, October 5th. Craig Hallum dropped their target price on Ultra Clean from $24.00 to $15.00 and set a buy rating for the company in a report on Wednesday, November 7th. Cowen dropped their price target on Ultra Clean from $28.00 to $23.00 and set an outperform rating for the company in a report on Tuesday, September 18th. Finally, Standpoint Research raised Ultra Clean from a hold rating to a buy rating in a report on Tuesday, August 28th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $23.20.

Shares of UCTT opened at $8.80 on Tuesday. Ultra Clean has a 1 year low of $8.70 and a 1 year high of $27.20. The company has a quick ratio of 1.63, a current ratio of 2.76 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $370.24 million, a PE ratio of 3.76, a P/E/G ratio of 0.37 and a beta of 0.76.

Ultra Clean (NASDAQ:UCTT) last issued its earnings results on Tuesday, November 6th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.30. Ultra Clean had a return on equity of 19.76% and a net margin of 5.38%. The business had revenue of $234.08 million during the quarter, compared to analysts’ expectations of $224.06 million. During the same period in the prior year, the firm posted $0.62 EPS. Ultra Clean’s quarterly revenue was down 3.5% compared to the same quarter last year. As a group, equities research analysts expect that Ultra Clean will post 1.81 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in UCTT. Russell Investments Group Ltd. increased its holdings in Ultra Clean by 61.8% during the 1st quarter. Russell Investments Group Ltd. now owns 34,105 shares of the semiconductor company’s stock valued at $657,000 after purchasing an additional 13,024 shares in the last quarter. California State Teachers Retirement System increased its holdings in Ultra Clean by 11.0% during the 1st quarter. California State Teachers Retirement System now owns 57,605 shares of the semiconductor company’s stock valued at $1,109,000 after purchasing an additional 5,700 shares in the last quarter. Guggenheim Capital LLC increased its holdings in Ultra Clean by 119.8% during the 1st quarter. Guggenheim Capital LLC now owns 32,480 shares of the semiconductor company’s stock valued at $626,000 after purchasing an additional 17,700 shares in the last quarter. Legal & General Group Plc increased its holdings in Ultra Clean by 746.4% during the 1st quarter. Legal & General Group Plc now owns 71,500 shares of the semiconductor company’s stock valued at $1,348,000 after purchasing an additional 63,052 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Ultra Clean by 942.0% during the 1st quarter. Principal Financial Group Inc. now owns 329,444 shares of the semiconductor company’s stock valued at $6,342,000 after purchasing an additional 297,826 shares in the last quarter. 81.94% of the stock is owned by hedge funds and other institutional investors.

About Ultra Clean

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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