Ultra Clean (NASDAQ:UCTT) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday, ValuEngine reports.

A number of other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Ultra Clean from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. Dougherty & Co reiterated a “buy” rating and set a $18.50 price target (up from $17.00) on shares of Ultra Clean in a research note on Friday, May 3rd. BidaskClub lowered shares of Ultra Clean from a “hold” rating to a “sell” rating in a research note on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $17.00 price target on shares of Ultra Clean in a research note on Monday, August 5th. Finally, Cowen reiterated an “outperform” rating and set a $20.00 price target (up from $16.00) on shares of Ultra Clean in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.63.

Shares of NASDAQ:UCTT traded down $0.35 on Friday, reaching $11.72. The company’s stock had a trading volume of 293,382 shares, compared to its average volume of 472,781. The stock’s 50-day moving average is $13.66 and its two-hundred day moving average is $12.58. Ultra Clean has a 52-week low of $6.94 and a 52-week high of $15.94. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.93 and a quick ratio of 1.87. The stock has a market capitalization of $468.55 million, a P/E ratio of 7.06, a PEG ratio of 1.13 and a beta of 1.06.

Ultra Clean (NASDAQ:UCTT) last announced its earnings results on Wednesday, July 31st. The semiconductor company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Ultra Clean had a negative net margin of 0.66% and a positive return on equity of 8.16%. The business had revenue of $265.40 million during the quarter, compared to analysts’ expectations of $255.42 million. During the same period in the prior year, the company earned $0.55 earnings per share. The business’s revenue was down 8.5% compared to the same quarter last year. Equities analysts forecast that Ultra Clean will post 0.77 earnings per share for the current fiscal year.

In other Ultra Clean news, CFO Sheri Savage sold 22,574 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $13.13, for a total transaction of $296,396.62. Following the transaction, the chief financial officer now directly owns 115,660 shares in the company, valued at $1,518,615.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.80% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Arizona State Retirement System grew its position in Ultra Clean by 1.4% during the second quarter. Arizona State Retirement System now owns 61,015 shares of the semiconductor company’s stock worth $849,000 after buying an additional 831 shares during the period. Rhumbline Advisers grew its position in Ultra Clean by 0.8% during the first quarter. Rhumbline Advisers now owns 113,955 shares of the semiconductor company’s stock worth $1,179,000 after buying an additional 857 shares during the period. Texas Permanent School Fund lifted its holdings in shares of Ultra Clean by 3.8% in the first quarter. Texas Permanent School Fund now owns 26,490 shares of the semiconductor company’s stock valued at $274,000 after purchasing an additional 960 shares in the last quarter. Tyers Asset Management LLC lifted its holdings in shares of Ultra Clean by 15.1% in the second quarter. Tyers Asset Management LLC now owns 8,400 shares of the semiconductor company’s stock valued at $117,000 after purchasing an additional 1,104 shares in the last quarter. Finally, Riverhead Capital Management LLC lifted its holdings in shares of Ultra Clean by 14.8% in the second quarter. Riverhead Capital Management LLC now owns 9,300 shares of the semiconductor company’s stock valued at $129,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

Ultra Clean Company Profile

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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