Ultra Clean Holdings (UCTT) Earning Somewhat Favorable News Coverage, Analysis Finds
Press coverage about Ultra Clean Holdings (NASDAQ:UCTT) has trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ultra Clean Holdings earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 46.4714288764116 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Ultra Clean Holdings, Inc. (UCTT) Downgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- Swings under Technical Examination: Bristol-Myers Squibb Company (NYSE:BMY), Ultra Clean Holdings, Inc … – Investing News Update (investingbizz.com)
- Ultra Clean Holdings Inc. (NASDAQ:UCTT): Stochastic Analysis – The Oracle Examiner (oracleexaminer.com)
- Reviewing Ultra Clean Holdings (UCTT) and The Competition (americanbankingnews.com)
- Critical Review: Ultratech (UTEK) versus Ultra Clean Holdings (UCTT) (americanbankingnews.com)
Ultra Clean Holdings (NASDAQ:UCTT) traded down $0.73 during trading hours on Friday, reaching $23.48. 1,085,300 shares of the company’s stock were exchanged, compared to its average volume of 985,208. The company has a current ratio of 2.06, a quick ratio of 1.18 and a debt-to-equity ratio of 0.15. The stock has a market cap of $814.12, a PE ratio of 11.70, a P/E/G ratio of 0.69 and a beta of 1.11. Ultra Clean Holdings has a one year low of $8.81 and a one year high of $34.59.
Ultra Clean Holdings (NASDAQ:UCTT) last posted its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.02). The firm had revenue of $242.60 million during the quarter, compared to analysts’ expectations of $239.11 million. Ultra Clean Holdings had a net margin of 7.55% and a return on equity of 28.77%. The business’s quarterly revenue was up 65.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 earnings per share. analysts predict that Ultra Clean Holdings will post 2.34 earnings per share for the current year.
A number of analysts recently weighed in on UCTT shares. Dougherty & Co upped their price target on shares of Ultra Clean Holdings from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Needham & Company LLC decreased their price target on shares of Ultra Clean Holdings from $36.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. ValuEngine raised shares of Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut shares of Ultra Clean Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, BidaskClub cut shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Ultra Clean Holdings presently has a consensus rating of “Buy” and a consensus target price of $30.67.
In other Ultra Clean Holdings news, SVP Ronald D’ercole sold 1,457 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $30.47, for a total value of $44,394.79. Following the completion of the transaction, the senior vice president now directly owns 69,233 shares of the company’s stock, valued at approximately $2,109,529.51. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP David Speirs sold 19,029 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $24.04, for a total transaction of $457,457.16. Following the completion of the transaction, the senior vice president now directly owns 100,879 shares of the company’s stock, valued at $2,425,131.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,560 shares of company stock valued at $1,309,311. 2.60% of the stock is currently owned by corporate insiders.
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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