Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Given Consensus Rating of "Buy" by Analysts

Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Get Free Report) have received an average rating of "Buy" from the four brokerages that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $43.67.

UCTT has been the topic of several analyst reports. StockNews.com initiated coverage on Ultra Clean in a report on Thursday, August 17th. They set a "hold" rating on the stock. Craig Hallum upgraded Ultra Clean from a "hold" rating to a "buy" rating and set a $60.00 target price on the stock in a research report on Friday, July 28th. TD Cowen boosted their price target on Ultra Clean from $34.00 to $40.00 and gave the company an "outperform" rating in a research note on Friday, July 28th. Needham & Company LLC reissued a "buy" rating and issued a $52.00 price target on shares of Ultra Clean in a research note on Friday, July 28th. Finally, TheStreet lowered Ultra Clean from a "b-" rating to a "c+" rating in a research note on Tuesday, May 9th.

View Our Latest Research Report on UCTT

Shares of NASDAQ UCTT opened at $32.62 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.18 and a quick ratio of 1.82. The stock's fifty day moving average price is $36.10 and its two-hundred day moving average price is $33.35. Ultra Clean has a one year low of $23.32 and a one year high of $40.80. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 61.55 and a beta of 2.00.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last released its earnings results on Thursday, July 27th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $421.50 million for the quarter, compared to analyst estimates of $434.98 million. Ultra Clean had a return on equity of 10.30% and a net margin of 1.20%.

In other news, insider Bill Bentinck sold 9,784 shares of the business's stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $36.19, for a total transaction of $354,082.96. Following the completion of the sale, the insider now owns 50,775 shares in the company, valued at $1,837,547.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.10% of the company's stock.

Institutional investors have recently bought and sold shares of the stock. Dark Forest Capital Management LP grew its holdings in Ultra Clean by 6,364.3% during the first quarter. Dark Forest Capital Management LP now owns 905 shares of the semiconductor company's stock worth $30,000 after buying an additional 891 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Ultra Clean by 813.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,333 shares of the semiconductor company's stock valued at $44,000 after purchasing an additional 1,187 shares during the period. Point72 Hong Kong Ltd bought a new position in Ultra Clean in the 2nd quarter valued at $48,000. Worth Asset Management LLC bought a new position in Ultra Clean in the 1st quarter valued at $49,000. Finally, Quadrant Capital Group LLC grew its stake in Ultra Clean by 75.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,699 shares of the semiconductor company's stock valued at $56,000 after purchasing an additional 731 shares during the period. Institutional investors own 82.93% of the company's stock.

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.

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