Cowen and Company set a $26.00 price target on Ultra Clean Holdings, Inc. (NASDAQ:UCTT) in a report published on Friday morning. The brokerage currently has a hold rating on the semiconductor company’s stock.

A number of other analysts have also recently issued reports on the company. Zacks Investment Research raised Ultra Clean Holdings from a hold rating to a buy rating and set a $25.00 price objective for the company in a research report on Tuesday, July 18th. BidaskClub raised Ultra Clean Holdings from a hold rating to a buy rating in a research report on Wednesday, July 12th. ValuEngine cut Ultra Clean Holdings from a strong-buy rating to a buy rating in a research report on Tuesday, July 11th. Stifel Nicolaus raised their price objective on Ultra Clean Holdings from $18.00 to $20.00 and gave the company a hold rating in a research report on Monday, July 10th. Finally, Needham & Company LLC raised their price objective on Ultra Clean Holdings from $18.00 to $22.00 and gave the company a buy rating in a research report on Thursday, April 27th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Ultra Clean Holdings has a consensus rating of Buy and a consensus target price of $27.83.

Ultra Clean Holdings (NASDAQ:UCTT) opened at 23.45 on Friday. The company has a market capitalization of $783.98 million, a P/E ratio of 16.97 and a beta of 1.15. The firm has a 50-day moving average price of $21.59 and a 200 day moving average price of $17.89. Ultra Clean Holdings has a 12 month low of $5.94 and a 12 month high of $26.21.

Ultra Clean Holdings (NASDAQ:UCTT) last released its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.11. Ultra Clean Holdings had a return on equity of 25.19% and a net margin of 6.25%. The company had revenue of $228.26 million during the quarter, compared to analysts’ expectations of $213.92 million. During the same period last year, the firm posted $0.10 earnings per share. The business’s revenue was up 75.8% on a year-over-year basis. Analysts expect that Ultra Clean Holdings will post $1.73 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://www.watchlistnews.com/ultra-clean-holdings-inc-uctt-given-a-26-00-price-target-by-cowen-and-company-analysts/1465832.html.

In other news, insider Deborah E. Hayward sold 19,883 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $20.76, for a total transaction of $412,771.08. Following the transaction, the insider now owns 68,574 shares in the company, valued at $1,423,596.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Mark Bingaman sold 36,743 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $23.34, for a total value of $857,581.62. Following the transaction, the senior vice president now owns 76,670 shares in the company, valued at approximately $1,789,477.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,972 shares of company stock worth $1,921,783. 2.60% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System raised its position in shares of Ultra Clean Holdings by 2.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 12,549 shares of the semiconductor company’s stock worth $122,000 after buying an additional 251 shares during the period. State Street Corp raised its position in shares of Ultra Clean Holdings by 10.7% in the fourth quarter. State Street Corp now owns 496,452 shares of the semiconductor company’s stock worth $4,817,000 after buying an additional 47,985 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Ultra Clean Holdings by 19.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,291,277 shares of the semiconductor company’s stock worth $22,226,000 after buying an additional 377,802 shares during the period. USA Financial Portformulas Corp purchased a new position in shares of Ultra Clean Holdings during the fourth quarter worth $505,000. Finally, Teachers Advisors LLC raised its position in shares of Ultra Clean Holdings by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 49,403 shares of the semiconductor company’s stock worth $479,000 after buying an additional 2,409 shares during the period. Institutional investors own 83.44% of the company’s stock.

About Ultra Clean Holdings

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.

Analyst Recommendations for Ultra Clean Holdings (NASDAQ:UCTT)

Receive News & Ratings for Ultra Clean Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Clean Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.