Ultra Clean (UCTT) Receiving Somewhat Favorable Press Coverage, Study Shows
Media coverage about Ultra Clean (NASDAQ:UCTT) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ultra Clean earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 46.0283400454149 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Hot Stock’s Highlights – Ultra Clean Holdings, Inc. (NASDAQ: UCTT) – The Investor Guide (wallstreetnews24.com)
- Ultra Clean Holdings Inc (UCTT) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- Technical Snapshots for Investors – Ultra Clean Holdings, Inc. (NASDAQ: UCTT) – The Investor Guide (wallstreetnews24.com)
- Ultra Clean Holdings, Inc. (UCTT) stock is -11.32% below its 200- SMA – The Stocks News (press release) (thestocksnews.com)
Ultra Clean (UCTT) opened at $19.81 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.97 and a debt-to-equity ratio of 0.13. Ultra Clean has a 1-year low of $14.93 and a 1-year high of $34.59. The company has a market cap of $801.32, a PE ratio of 9.09, a price-to-earnings-growth ratio of 0.65 and a beta of 0.92.
Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Ultra Clean from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 7th. BidaskClub raised shares of Ultra Clean from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 6th. Finally, Cowen reissued a “hold” rating and issued a $28.00 target price (down from $32.00) on shares of Ultra Clean in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Ultra Clean has an average rating of “Buy” and an average price target of $31.33.
In related news, Director Clarence L. Granger sold 20,000 shares of Ultra Clean stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $24.56, for a total transaction of $491,200.00. Following the sale, the director now directly owns 229,208 shares of the company’s stock, valued at approximately $5,629,348.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Deborah E. Hayward sold 7,566 shares of Ultra Clean stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $20.00, for a total transaction of $151,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 94,727 shares of company stock worth $2,189,051 over the last ninety days. 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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