Ultra Clean Holdings Inc (UCTT) Receives $26.50 Consensus Price Target from Analysts

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Shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) have received an average recommendation of “Buy” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $26.50.

Several brokerages have recently issued reports on UCTT. BidaskClub upgraded Ultra Clean from a “sell” rating to a “hold” rating in a report on Wednesday, January 9th. Needham & Company LLC reiterated a “buy” rating on shares of Ultra Clean in a report on Sunday, January 6th. TheStreet lowered Ultra Clean from a “b-” rating to a “c+” rating in a report on Tuesday, October 9th. Craig Hallum reduced their price target on Ultra Clean from $24.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, November 7th. Finally, Zacks Investment Research upgraded Ultra Clean from a “strong sell” rating to a “hold” rating in a report on Friday, October 5th.

Shares of Ultra Clean stock opened at $9.30 on Friday. The stock has a market cap of $366.34 million, a PE ratio of 3.97, a PEG ratio of 0.47 and a beta of 0.78. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.76 and a quick ratio of 1.63. Ultra Clean has a 52-week low of $6.94 and a 52-week high of $27.20.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings results on Tuesday, November 6th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The business had revenue of $234.08 million during the quarter, compared to analyst estimates of $224.06 million. Ultra Clean had a return on equity of 19.76% and a net margin of 5.38%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 EPS. Equities analysts expect that Ultra Clean will post 1.79 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Palouse Capital Management Inc. acquired a new stake in Ultra Clean in the 3rd quarter worth approximately $128,000. Janus Henderson Group PLC bought a new position in Ultra Clean in the 3rd quarter worth approximately $160,000. Baird Financial Group Inc. bought a new position in Ultra Clean in the 2nd quarter worth approximately $168,000. Victory Capital Management Inc. increased its position in Ultra Clean by 114.2% in the 3rd quarter. Victory Capital Management Inc. now owns 16,426 shares of the semiconductor company’s stock worth $206,000 after buying an additional 8,756 shares during the period. Finally, Jefferies Group LLC bought a new position in Ultra Clean in the 3rd quarter worth approximately $250,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

About Ultra Clean

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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Analyst Recommendations for Ultra Clean (NASDAQ:UCTT)

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