Ultra Clean (NASDAQ:UCTT) Price Target Raised to $55.00

Ultra Clean (NASDAQ:UCTT) had its price objective boosted by TD Cowen from $47.00 to $55.00 in a research report report published on Tuesday, Marketbeat reports. TD Cowen currently has a buy rating on the semiconductor company’s stock.

Separately, Needham & Company LLC increased their price target on Ultra Clean from $46.00 to $50.00 and gave the company a buy rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Ultra Clean has a consensus rating of Moderate Buy and a consensus target price of $57.00.

Ultra Clean Stock Performance

Shares of NASDAQ:UCTT opened at $45.04 on Tuesday. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of -54.37 and a beta of 2.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.88 and a quick ratio of 1.67. The business’s fifty day moving average price is $43.78 and its two-hundred day moving average price is $36.65. Ultra Clean has a fifty-two week low of $22.15 and a fifty-two week high of $49.25.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $0.12 earnings per share for the quarter. Ultra Clean had a negative net margin of 1.79% and a positive return on equity of 1.69%. The firm had revenue of $444.80 million during the quarter, compared to analysts’ expectations of $444.99 million.

Institutional Investors Weigh In On Ultra Clean

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new stake in Ultra Clean in the 4th quarter valued at approximately $59,000. Allspring Global Investments Holdings LLC acquired a new stake in Ultra Clean during the 1st quarter valued at $96,000. TFO Wealth Partners LLC boosted its position in Ultra Clean by 27,160.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,726 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 2,716 shares during the period. PNC Financial Services Group Inc. grew its stake in Ultra Clean by 19.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,164 shares of the semiconductor company’s stock valued at $108,000 after buying an additional 514 shares during the last quarter. Finally, Whalen Wealth Management Inc. bought a new position in shares of Ultra Clean during the first quarter worth approximately $237,000. 96.06% of the stock is currently owned by institutional investors and hedge funds.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.