Ultra Clean Holdings, Inc. (UCTT) Price Target Raised to $34.00 at Craig Hallum
Ultra Clean Holdings, Inc. (NASDAQ:UCTT) had its target price boosted by Craig Hallum from $25.00 to $34.00 in a research report released on Friday, The Fly reports. Craig Hallum currently has a buy rating on the semiconductor company’s stock.
A number of other research analysts have also issued reports on the stock. Needham & Company LLC upped their target price on shares of Ultra Clean Holdings from $22.00 to $30.00 and gave the company a buy rating in a report on Friday. Cowen and Company set a $26.00 target price on shares of Ultra Clean Holdings and gave the company a hold rating in a report on Friday. Zacks Investment Research upgraded shares of Ultra Clean Holdings from a hold rating to a buy rating and set a $25.00 target price on the stock in a report on Tuesday, July 18th. BidaskClub upgraded shares of Ultra Clean Holdings from a hold rating to a buy rating in a report on Wednesday, July 12th. Finally, ValuEngine lowered shares of Ultra Clean Holdings from a strong-buy rating to a buy rating in a report on Tuesday, July 11th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $27.83.
Shares of Ultra Clean Holdings (NASDAQ:UCTT) opened at 23.45 on Friday. The company’s 50-day moving average is $21.59 and its 200 day moving average is $17.89. The firm has a market capitalization of $783.98 million, a PE ratio of 16.97 and a beta of 1.15. Ultra Clean Holdings has a 52-week low of $5.94 and a 52-week high of $26.21.
Ultra Clean Holdings (NASDAQ:UCTT) last released its earnings results 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. The company had revenue of $228.26 million for the quarter, compared to analyst estimates of $213.92 million. Ultra Clean Holdings had a net margin of 6.25% and a return on equity of 25.19%. The firm’s quarterly revenue was up 75.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. Equities analysts expect that Ultra Clean Holdings will post $1.73 earnings per share for the current fiscal year.
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In other news, SVP Michael Roy Henderson sold 10,425 shares of the stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $21.00, for a total transaction of $218,925.00. Following the transaction, the senior vice president now directly owns 43,272 shares in the company, valued at approximately $908,712. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Leonid Mezhvinsky sold 6,800 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $23.26, for a total transaction of $158,168.00. Following the transaction, the director now owns 33,500 shares in the company, valued at $779,210. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,972 shares of company stock worth $1,921,783. 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. LSV Asset Management bought a new position in shares of Ultra Clean Holdings during the first quarter valued at $293,000. Wells Fargo & Company MN raised its position in shares of Ultra Clean Holdings by 42.4% in the first quarter. Wells Fargo & Company MN now owns 64,881 shares of the semiconductor company’s stock valued at $1,094,000 after buying an additional 19,326 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp bought a new position in shares of Ultra Clean Holdings during the first quarter valued at $1,985,000. Russell Investments Group Ltd. raised its position in shares of Ultra Clean Holdings by 23.2% in the first quarter. Russell Investments Group Ltd. now owns 196,166 shares of the semiconductor company’s stock valued at $3,309,000 after buying an additional 36,964 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Ultra Clean Holdings during the first quarter valued at $3,656,000. Institutional investors and hedge funds own 83.44% 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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