Ultra Clean (UCTT) Receiving Somewhat Favorable News Coverage, Study Finds
Media stories about Ultra Clean (NASDAQ:UCTT) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ultra Clean earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 45.2282698045391 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Analysts Watch-List Stock: Ultra Clean Holdings, Inc. (UCTT) – Wall Street Morning (wallstreetmorning.com)
- Looking Under the Hood: What’s Happening to Ultra Clean Holdings, Inc. (UCTT) and The Allstate Corporation (ALL … – Market Movers (financialqz.com)
- Ultra Clean (UCTT) Raised to “Buy” at Stifel Nicolaus (nismagazine.com)
- Ultra Clean Holdings (NDAQ:UCTT) Received $27.00 Target From Stifel Nicolaus; 13 Analysts Are Bullish Nielsen … – Hill Country Times (hillcountrytimes.com)
- Ultra Clean (UCTT) Upgraded to “Buy” at Stifel Nicolaus (americanbankingnews.com)
Ultra Clean (NASDAQ:UCTT) opened at $21.16 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 2.06. Ultra Clean has a 12-month low of $9.42 and a 12-month high of $34.59. The stock has a market capitalization of $694.41, a P/E ratio of 9.98, a P/E/G ratio of 0.59 and a beta of 1.02.
Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.02). The company had revenue of $242.60 million for the quarter, compared to analyst estimates of $239.11 million. Ultra Clean had a return on equity of 28.77% and a net margin of 7.55%. The company’s revenue for the quarter was up 65.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. analysts predict that Ultra Clean will post 2.34 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on UCTT shares. Zacks Investment Research raised Ultra Clean from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Saturday, October 28th. Needham & Company LLC cut their price objective on Ultra Clean from $36.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. Dougherty & Co lifted their price objective on Ultra Clean from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. ValuEngine downgraded Ultra Clean from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 13th. Finally, Stifel Nicolaus upgraded Ultra Clean from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Monday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Ultra Clean has a consensus rating of “Buy” and a consensus target price of $31.83.
In other Ultra Clean news, SVP David Speirs sold 19,029 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $24.04, for a total value of $457,457.16. Following the completion of the transaction, the senior vice president now directly owns 100,879 shares in the company, valued at approximately $2,425,131.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Deborah E. Hayward sold 13,872 shares of the business’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $32.48, for a total value of $450,562.56. Following the completion of the transaction, the insider now owns 61,702 shares of the company’s stock, valued at $2,004,080.96. The disclosure for this sale can be found here. Insiders sold a total of 44,762 shares of company stock valued at $1,204,868 over the last quarter. 2.60% of the stock is currently owned by insiders.
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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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