Stifel Nicolaus cut shares of Ultra Clean (NASDAQ:UCTT) from a buy rating to a hold rating in a research note published on Monday morning, Briefing.com Automated Import reports. The firm currently has $21.00 target price on the semiconductor company’s stock.

Several other brokerages have also recently weighed in on UCTT. Zacks Investment Research upgraded shares of Ultra Clean from a sell rating to a hold rating and set a $25.00 price objective on the stock in a research note on Sunday, November 3rd. Needham & Company LLC reiterated a buy rating and issued a $17.00 price objective on shares of Ultra Clean in a research note on Monday, August 5th. Cowen cut shares of Ultra Clean from an outperform rating to a market perform rating and lowered their price objective for the stock from $20.00 to $18.00 in a research note on Wednesday, September 25th. Standpoint Research cut shares of Ultra Clean from a buy rating to a hold rating in a research note on Friday, November 1st. Finally, BidaskClub upgraded shares of Ultra Clean from a buy rating to a strong-buy rating in a research note on Thursday, September 19th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $20.33.

Shares of NASDAQ:UCTT traded down $0.06 during trading on Monday, hitting $22.28. The company’s stock had a trading volume of 365,547 shares, compared to its average volume of 472,779. The company has a 50-day moving average of $18.19 and a 200-day moving average of $14.73. Ultra Clean has a 12 month low of $6.94 and a 12 month high of $23.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.72 and a quick ratio of 1.78. The firm has a market cap of $901.01 million, a price-to-earnings ratio of 13.42, a P/E/G ratio of 1.85 and a beta of 1.19.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.05. Ultra Clean had a negative net margin of 0.02% and a positive return on equity of 7.39%. The firm had revenue of $254.30 million for the quarter, compared to analysts’ expectations of $244.99 million. During the same quarter in the prior year, the business earned $0.30 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, research analysts anticipate that Ultra Clean will post 0.87 earnings per share for the current year.

In other Ultra Clean news, Director Leonid Mezhvinsky sold 22,500 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $22.10, for a total transaction of $497,250.00. Following the sale, the director now owns 26,399 shares in the company, valued at approximately $583,417.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas T. Edman sold 16,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $22.64, for a total transaction of $362,240.00. In the last 90 days, insiders have sold 63,334 shares of company stock worth $1,272,325. 1.80% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UCTT. Tower Research Capital LLC TRC grew its holdings in Ultra Clean by 2,260.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 2,509 shares in the last quarter. Bank of Montreal Can grew its holdings in Ultra Clean by 77.1% during the 2nd quarter. Bank of Montreal Can now owns 8,175 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 3,559 shares in the last quarter. Tyers Asset Management LLC grew its holdings in Ultra Clean by 15.1% during the 2nd quarter. Tyers Asset Management LLC now owns 8,400 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 1,104 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in Ultra Clean by 14.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 9,300 shares of the semiconductor company’s stock valued at $129,000 after buying an additional 1,200 shares in the last quarter. Finally, Hancock Whitney Corp purchased a new stake in Ultra Clean during the 3rd quarter valued at approximately $154,000. Institutional investors own 80.96% 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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