Ultra Clean (NASDAQ:UCTT) was downgraded by research analysts at ValuEngine from a "hold" rating to a "sell" rating in a research note issued to investors on Thursday, ValuEngine reports.
A number of other equities research analysts have also recently weighed in on UCTT. Needham & Company LLC lowered their price target on Ultra Clean from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Thursday, April 30th. Zacks Investment Research cut Ultra Clean from a "hold" rating to a "sell" rating in a report on Tuesday. BidaskClub upgraded Ultra Clean from a "buy" rating to a "strong-buy" rating in a report on Friday, June 19th. Finally, Stifel Nicolaus upped their price target on Ultra Clean from $21.00 to $23.00 and gave the stock a "hold" rating in a report on Thursday, April 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Ultra Clean presently has an average rating of "Hold" and an average target price of $25.80.
NASDAQ UCTT opened at $22.63 on Thursday. The company has a current ratio of 2.48, a quick ratio of 1.60 and a debt-to-equity ratio of 0.76. The business's 50 day moving average is $21.15 and its two-hundred day moving average is $20.50. Ultra Clean has a 12-month low of $11.20 and a 12-month high of $30.00. The stock has a market capitalization of $904.53 million, a price-to-earnings ratio of -754.33, a PEG ratio of 1.90 and a beta of 1.69.
Ultra Clean (NASDAQ:UCTT) last released its earnings results on Wednesday, April 29th. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.41 by $0.11. The company had revenue of $320.90 million for the quarter, compared to analysts' expectations of $302.60 million. Ultra Clean had a positive return on equity of 10.68% and a negative net margin of 0.05%. The firm's quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 EPS. Equities analysts forecast that Ultra Clean will post 1.45 earnings per share for the current fiscal year.
In other Ultra Clean news, insider William Joe Williams sold 2,132 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $19.00, for a total transaction of $40,508.00. Following the transaction, the insider now owns 84,532 shares of the company's stock, valued at approximately $1,606,108. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas T. Edman sold 5,000 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $20.52, for a total value of $102,600.00. Following the transaction, the director now directly owns 19,899 shares in the company, valued at approximately $408,327.48. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the business. Mason Street Advisors LLC lifted its stake in shares of Ultra Clean by 3.3% during the 4th quarter. Mason Street Advisors LLC now owns 13,865 shares of the semiconductor company's stock worth $325,000 after purchasing an additional 437 shares during the period. Comerica Bank lifted its stake in shares of Ultra Clean by 1.3% during the 4th quarter. Comerica Bank now owns 37,404 shares of the semiconductor company's stock worth $898,000 after purchasing an additional 473 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Ultra Clean by 28.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,995 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 664 shares during the period. New York State Teachers Retirement System lifted its stake in shares of Ultra Clean by 3.2% during the 1st quarter. New York State Teachers Retirement System now owns 22,269 shares of the semiconductor company's stock worth $307,000 after purchasing an additional 700 shares during the period. Finally, Sunbelt Securities Inc. purchased a new position in shares of Ultra Clean during the 4th quarter worth $5,868,000. 87.42% of the stock is currently owned by institutional investors.
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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