Ultra Clean (NASDAQ:UCTT) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Saturday.

UCTT has been the topic of several other research reports. Zacks Investment Research upgraded shares of Ultra Clean from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Wednesday, December 20th. Dougherty & Co increased their price target on shares of Ultra Clean from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Cowen upgraded shares of Ultra Clean from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Thursday, January 18th. Needham & Company LLC reduced their price target on shares of Ultra Clean from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. Finally, Stifel Nicolaus upgraded shares of Ultra Clean from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Monday, December 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. Ultra Clean has a consensus rating of “Buy” and an average target price of $32.00.

Ultra Clean (NASDAQ:UCTT) opened at $17.13 on Friday. The company has a current ratio of 2.06, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. The company has a market cap of $576.04, a P/E ratio of 9.11, a PEG ratio of 0.50 and a beta of 0.82. Ultra Clean has a fifty-two week low of $11.86 and a fifty-two week high of $34.59.

In related news, SVP Ronald D’ercole sold 3,009 shares of the stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $21.41, for a total transaction of $64,422.69. Following the sale, the senior vice president now owns 58,909 shares in the company, valued at approximately $1,261,241.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Clarence L. Granger sold 20,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $24.56, for a total transaction of $491,200.00. Following the sale, the director now owns 229,208 shares in the company, valued at approximately $5,629,348.48. The disclosure for this sale can be found here. Insiders have sold a total of 70,660 shares of company stock worth $1,760,549 in the last quarter. 2.60% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Ultra Clean by 32.3% in the second quarter. Vanguard Group Inc. now owns 1,636,857 shares of the semiconductor company’s stock valued at $30,691,000 after buying an additional 399,627 shares in the last quarter. Columbia Partners L L C Investment Management acquired a new stake in Ultra Clean in the third quarter valued at approximately $698,000. Sanctuary Wealth Advisors LLC acquired a new stake in Ultra Clean in the third quarter valued at approximately $3,843,000. Alps Advisors Inc. acquired a new stake in Ultra Clean in the third quarter valued at approximately $600,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in Ultra Clean by 525.9% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 27,897 shares of the semiconductor company’s stock valued at $854,000 after buying an additional 23,440 shares in the last quarter. Hedge funds and other institutional investors own 75.15% of the company’s stock.

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About Ultra Clean

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 (NASDAQ:UCTT)

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