Ultra Clean (NASDAQ:UCTT) Hits New 52-Week High – What’s Next?

Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $59.57 and last traded at $60.3390, with a volume of 143293 shares changing hands. The stock had previously closed at $57.48.

Wall Street Analyst Weigh In

UCTT has been the topic of a number of recent research reports. Needham & Company LLC boosted their price objective on Ultra Clean from $35.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. TD Cowen boosted their price target on shares of Ultra Clean from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Oppenheimer restated an “outperform” rating on shares of Ultra Clean in a research report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Ultra Clean in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Ultra Clean currently has an average rating of “Moderate Buy” and an average target price of $38.33.

Ultra Clean Price Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.91 and a current ratio of 3.21. The stock’s 50-day moving average is $38.84 and its two-hundred day moving average is $30.36. The stock has a market cap of $2.69 billion, a PE ratio of -16.53, a PEG ratio of 1.62 and a beta of 2.02.

Insider Buying and Selling

In other Ultra Clean news, Director David T. Ibnale sold 23,500 shares of Ultra Clean stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $26.63, for a total value of $625,805.00. Following the completion of the transaction, the director directly owned 45,241 shares of the company’s stock, valued at $1,204,767.83. The trade was a 34.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ultra Clean

Several large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in shares of Ultra Clean by 148.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 926 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 554 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Ultra Clean by 40.3% during the fourth quarter. Quadrant Capital Group LLC now owns 989 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 284 shares in the last quarter. Danske Bank A S raised its holdings in Ultra Clean by 450.0% during the fourth quarter. Danske Bank A S now owns 1,100 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 900 shares in the last quarter. Allworth Financial LP raised its holdings in Ultra Clean by 237.6% during the second quarter. Allworth Financial LP now owns 1,330 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 936 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Ultra Clean during the 3rd quarter worth approximately $45,000. 96.06% of the stock is owned by hedge funds and other institutional investors.

About Ultra Clean

Ultra Clean Holdings, Inc is a global supplier of critical consumables and process tools for the semiconductor manufacturing industry. The company specializes in precision parts cleaning, chemical–mechanical planarization (CMP) slurries, surface conditioning pads, and specialty components used in wafer fabrication and advanced packaging. Ultra Clean also provides assembly and test hardware, tooling, and automated modules designed to support complex front-end and back-end processes in semiconductor fabs.

Ultra Clean’s product portfolio encompasses a range of cleaning systems and consumables aimed at particle and film removal, as well as CMP slurries and pads that are engineered for uniform material removal and planarization.