Brokerages Set Ultra Clean Holdings Inc (UCTT) PT at $31.17
Ultra Clean Holdings Inc (NASDAQ:UCTT) has received a consensus rating of “Buy” from the nine research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $31.50.
UCTT has been the topic of several analyst reports. Needham & Company LLC lifted their price target on Ultra Clean from $30.00 to $36.00 and gave the stock a “strong-buy” rating in a report on Friday, October 13th. ValuEngine lowered Ultra Clean from a “strong-buy” rating to a “buy” rating in a report on Friday, October 13th. Cowen lifted their price target on Ultra Clean from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. Zacks Investment Research lowered Ultra Clean from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, Dougherty & Co lifted their price target on Ultra Clean from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th.
Ultra Clean (UCTT) traded down $0.19 during midday trading on Monday, hitting $23.44. The stock had a trading volume of 810,351 shares, compared to its average volume of 1,400,000. Ultra Clean has a fifty-two week low of $10.28 and a fifty-two week high of $34.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 2.06. The stock has a market cap of $781.89, a price-to-earnings ratio of 12.47, a PEG ratio of 0.63 and a beta of 1.02.
In related news, insider Deborah E. Hayward sold 13,872 shares of the business’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $32.48, for a total value of $450,562.56. Following the sale, the insider now directly owns 61,702 shares in the company, valued at approximately $2,004,080.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Ronald D’ercole sold 3,009 shares of the business’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $21.41, for a total transaction of $64,422.69. Following the completion of the sale, the senior vice president now owns 58,909 shares in the company, valued at $1,261,241.69. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,785 shares of company stock worth $1,037,188. 2.60% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. purchased a new stake in Ultra Clean in the 2nd quarter valued at about $2,993,000. Vanguard Group Inc. increased its stake in Ultra Clean by 32.3% during the second quarter. Vanguard Group Inc. now owns 1,636,857 shares of the semiconductor company’s stock worth $30,691,000 after purchasing an additional 399,627 shares during the period. Columbia Partners L L C Investment Management purchased a new stake in Ultra Clean during the third quarter worth about $698,000. Alps Advisors Inc. purchased a new stake in Ultra Clean during the third quarter worth about $600,000. Finally, Sanctuary Wealth Advisors LLC purchased a new stake in Ultra Clean during the third quarter worth about $3,843,000. Hedge funds and other institutional investors own 75.48% of the company’s stock.
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About Ultra Clean
Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.
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