Ultra Clean (NASDAQ:UCTT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

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. “

Other research analysts also recently issued reports about the company. Cowen raised Ultra Clean from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research note on Thursday. Needham & Company LLC boosted their price objective on Ultra Clean from $30.00 to $36.00 and gave the company a “strong-buy” rating in a research note on Friday, October 13th. Stifel Nicolaus raised Ultra Clean from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Monday, December 4th. ValuEngine downgraded Ultra Clean from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 13th. Finally, Dougherty & Co boosted their price objective on Ultra Clean from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $31.50.

Shares of Ultra Clean (NASDAQ:UCTT) traded down $0.21 during trading hours on Friday, hitting $26.67. The stock had a trading volume of 1,660,000 shares, compared to its average volume of 1,330,000. The firm has a market cap of $889.83, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 0.71 and a beta of 1.02. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.06 and a quick ratio of 1.09. Ultra Clean has a 12 month low of $11.86 and a 12 month high of $34.59.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.02). The business had revenue of $242.60 million during the quarter, compared to analyst estimates of $239.11 million. Ultra Clean had a net margin of 7.55% and a return on equity of 28.77%. The firm’s revenue for the quarter was up 65.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 earnings per share. research analysts predict that Ultra Clean will post 2.34 EPS for the current fiscal year.

In related news, SVP Joan Sterling sold 5,202 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $24.04, for a total transaction of $125,056.08. Following the transaction, the senior vice president now directly owns 64,932 shares of the company’s stock, valued at approximately $1,560,965.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Ronald D’ercole sold 3,009 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $21.41, for a total value of $64,422.69. Following the transaction, the senior vice president now directly owns 58,909 shares in the company, valued at $1,261,241.69. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,785 shares of company stock worth $1,037,188. 2.60% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in Ultra Clean during the 3rd quarter worth approximately $120,000. Legal & General Group Plc increased its holdings in Ultra Clean by 4.2% during the 2nd quarter. Legal & General Group Plc now owns 7,824 shares of the semiconductor company’s stock worth $146,000 after purchasing an additional 314 shares in the last quarter. Greenwood Capital Associates LLC bought a new stake in Ultra Clean during the 3rd quarter worth approximately $226,000. Principal Financial Group Inc. bought a new stake in Ultra Clean during the 2nd quarter worth approximately $228,000. Finally, Cetera Advisors LLC bought a new stake in Ultra Clean during the 3rd quarter worth approximately $234,000. 75.48% of the stock is currently owned by institutional investors and hedge funds.

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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.

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