Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $114.00.

Several equities research analysts have weighed in on UCTT shares. TD Cowen dropped their target price on Ultra Clean from $140.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. Oppenheimer boosted their price target on shares of Ultra Clean from $115.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, August 4th. Zacks Research downgraded shares of Ultra Clean from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. Needham & Company LLC lowered their price target on shares of Ultra Clean from $125.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Finally, Freedom Broker initiated coverage on shares of Ultra Clean in a report on Friday, October 9th. They issued a “buy” rating and a $127.00 price objective on the stock.

Ultra Clean Price Performance

Shares of UCTT opened at $41.13 on Friday. Ultra Clean has a 52 week low of $21.49 and a 52 week high of $144.22. The company has a current ratio of 2.79, a quick ratio of 1.28 and a debt-to-equity ratio of 0.78. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 72.16, a PEG ratio of 0.39 and a beta of 1.90. The stock has a 50 day moving average of $63.54 and a 200-day moving average of $74.27.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings results on Tuesday, October 27th. The semiconductor company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.21. Ultra Clean had a return on equity of 12.00% and a net margin of 1.09%. The business had revenue of $759.00 million for the quarter, compared to analyst estimates of $727.55 million. During the same period in the prior year, the company posted $0.28 EPS. The business’s revenue was up 48.8% compared to the same quarter last year. As a group, analysts forecast that Ultra Clean will post 2.99 EPS for the current year.

Institutional Investors Weigh In On Ultra Clean

Several large investors have recently made changes to their positions in the company. Kilter Group LLC acquired a new position in shares of Ultra Clean during the second quarter worth approximately $30,000. Harbor Investment Advisory LLC bought a new stake in shares of Ultra Clean during the second quarter valued at about $62,000. Reyes Financial Architecture Inc. acquired a new stake in Ultra Clean in the third quarter worth about $37,000. Global Retirement Partners LLC acquired a new stake in Ultra Clean in the second quarter worth about $82,000. Finally, EverSource Wealth Advisors LLC grew its position in Ultra Clean by 37.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 721 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 196 shares in the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc (NASDAQ: UCTT) provides critical subsystems, components and services used in the production of semiconductor and other high-technology products. The company designs and manufactures gas delivery systems, fluid delivery systems, precision-machined components, process modules and other equipment used by semiconductor capital-equipment manufacturers.

Ultra Clean also provides contract manufacturing, analytical laboratory, equipment installation, repair, refurbishment and tool-maintenance services.