Ultra Clean Holdings, Inc. (NASDAQ:UCTT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Saturday.
According to Zacks, “ULTRA CLEAN HOLDINGS, INC. is a developer and supplier of critical subsystems for the semiconductor capital equipment, flat panel, solar and medical device industries. Ultra Clean offers its customers an integrated outsourced solution for gas delivery systems and other subassemblies, improved design-to-delivery cycle times, component neutral design and manufacturing and component testing capabilities. Ultra Clean’s customers are primarily original equipment manufacturers for the semiconductor capital equipment, flat panel, solar and medical device industries. Ultra Clean is headquartered in Menlo Park, California. “
UCTT has been the topic of a number of other reports. Dougherty & Co increased their target price on shares of Ultra Clean Holdings from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. Needham & Company LLC dropped their price objective on shares of Ultra Clean Holdings from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. BidaskClub downgraded shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Cowen and Company set a $26.00 target price on shares of Ultra Clean Holdings and gave the company a “hold” rating in a research report on Friday, July 28th. Finally, ValuEngine raised shares of Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Ultra Clean Holdings has a consensus rating of “Buy” and a consensus price target of $30.67.
Shares of Ultra Clean Holdings (UCTT) opened at $23.48 on Friday. The stock has a market cap of $789.56, a P/E ratio of 11.34, a price-to-earnings-growth ratio of 0.67 and a beta of 1.11. Ultra Clean Holdings has a fifty-two week low of $8.81 and a fifty-two week high of $34.59. The company has a current ratio of 2.06, a quick ratio of 1.18 and a debt-to-equity ratio of 0.15.
Ultra Clean Holdings (NASDAQ:UCTT) last released its earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.02). The business had revenue of $242.60 million for the quarter, compared to analyst estimates of $239.11 million. Ultra Clean Holdings had a return on equity of 28.77% and a net margin of 7.55%. Ultra Clean Holdings’s quarterly revenue was up 65.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 earnings per share. equities analysts predict that Ultra Clean Holdings will post 2.34 earnings per share for the current year.
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In other news, Director David T. Ibnale sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $22.95, for a total value of $229,500.00. Following the completion of the sale, the director now owns 76,000 shares in the company, valued at approximately $1,744,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ronald D’ercole sold 5,202 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $24.49, for a total transaction of $127,396.98. Following the completion of the sale, the senior vice president now owns 60,900 shares of the company’s stock, valued at approximately $1,491,441. The disclosure for this sale can be found here. Insiders sold a total of 49,560 shares of company stock valued at $1,309,311 in the last 90 days. Company insiders own 2.60% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in UCTT. SG Americas Securities LLC acquired a new stake in shares of Ultra Clean Holdings in the third quarter valued at about $120,000. Legal & General Group Plc lifted its stake in shares of Ultra Clean Holdings by 4.2% in the second quarter. Legal & General Group Plc now owns 7,824 shares of the semiconductor company’s stock valued at $146,000 after purchasing an additional 314 shares during the period. Pacad Investment Ltd. acquired a new stake in shares of Ultra Clean Holdings in the second quarter valued at about $173,000. Greenwood Capital Associates LLC acquired a new stake in shares of Ultra Clean Holdings in the third quarter valued at about $226,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of Ultra Clean Holdings in the second quarter valued at about $228,000. Hedge funds and other institutional investors own 76.33% of the company’s stock.
Ultra Clean Holdings Company Profile
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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