Ultra Clean (NASDAQ:UCTT) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Friday, Zacks.com reports.

According to Zacks, “ULTRA CLEAN HOLDINGS, INC. is a developer and supplier of critical subsystems for the semiconductor capital equipment, flat panel, solar and medical device industries. Ultra Clean offers its customers an integrated outsourced solution for gas delivery systems and other subassemblies, improved design-to-delivery cycle times, component neutral design and manufacturing and component testing capabilities. Ultra Clean’s customers are primarily original equipment manufacturers for the semiconductor capital equipment, flat panel, solar and medical device industries. Ultra Clean is headquartered in Menlo Park, California. “

UCTT has been the subject of several other research reports. Standpoint Research cut Ultra Clean from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Needham & Company LLC raised their price objective on Ultra Clean from $24.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday. Stifel Nicolaus cut Ultra Clean from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. BidaskClub cut Ultra Clean from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 11th. Finally, Craig Hallum raised their price objective on Ultra Clean from $16.00 to $22.50 and gave the company a “buy” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.00.

Shares of NASDAQ UCTT traded down $1.00 during mid-day trading on Friday, hitting $24.33. The company had a trading volume of 22,391 shares, compared to its average volume of 440,909. The company has a market capitalization of $1.02 billion, a PE ratio of -2,433.00, a price-to-earnings-growth ratio of 1.27 and a beta of 1.21. The firm has a 50-day simple moving average of $23.33 and a two-hundred day simple moving average of $17.91. The company has a current ratio of 2.72, a quick ratio of 1.78 and a debt-to-equity ratio of 0.72. Ultra Clean has a one year low of $9.56 and a one year high of $25.81.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.05. The company had revenue of $254.30 million during the quarter, compared to analysts’ expectations of $244.99 million. Ultra Clean had a positive return on equity of 7.39% and a negative net margin of 0.02%. Ultra Clean’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 EPS. Sell-side analysts expect that Ultra Clean will post 0.88 earnings per share for the current fiscal year.

In other Ultra Clean news, insider William Joe Williams sold 17,650 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $22.73, for a total transaction of $401,184.50. Following the sale, the insider now owns 56,873 shares of the company’s stock, valued at $1,292,723.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas T. Edman sold 16,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $22.64, for a total transaction of $362,240.00. Insiders sold 56,150 shares of company stock worth $1,260,675 over the last three months. 1.80% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its position in Ultra Clean by 2,260.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,620 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 2,509 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Ultra Clean by 77.1% in the second quarter. Bank of Montreal Can now owns 8,175 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 3,559 shares during the last quarter. Hancock Whitney Corp bought a new position in shares of Ultra Clean in the third quarter worth about $154,000. Virtu Financial LLC bought a new position in shares of Ultra Clean in the third quarter worth about $164,000. Finally, Metropolitan Life Insurance Co NY grew its holdings in shares of Ultra Clean by 9.6% in the third quarter. Metropolitan Life Insurance Co NY now owns 11,887 shares of the semiconductor company’s stock worth $174,000 after purchasing an additional 1,045 shares during the last quarter. 83.44% of the stock is currently owned by hedge funds and other institutional investors.

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.

Read More: What is a stock split?

Get a free copy of the Zacks research report on Ultra Clean (UCTT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Ultra Clean (NASDAQ:UCTT)

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