BidaskClub cut shares of Ultra Clean (NASDAQ:UCTT) from a hold rating to a sell rating in a report published on Tuesday.

Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Ultra Clean from a hold rating to a strong sell rating in a research note on Friday, August 3rd. Needham & Company LLC reduced their price objective on shares of Ultra Clean to $28.00 and set a buy rating for the company in a research note on Thursday, April 26th. ValuEngine lowered shares of Ultra Clean from a sell rating to a strong sell rating in a research note on Friday, May 18th. Finally, Stifel Nicolaus lifted their price objective on shares of Ultra Clean from $27.00 to $30.00 and gave the company a buy rating in a research note on Monday, June 18th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $28.20.

Shares of UCTT stock opened at $13.68 on Tuesday. Ultra Clean has a 12-month low of $12.75 and a 12-month high of $34.59. The company has a market cap of $541.98 million, a PE ratio of 5.50, a P/E/G ratio of 0.52 and a beta of 0.76.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings results on Thursday, July 26th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.02). Ultra Clean had a return on equity of 24.73% and a net margin of 7.68%. The company had revenue of $290.20 million for the quarter, compared to analysts’ expectations of $288.54 million. During the same quarter in the previous year, the business earned $0.59 EPS. The company’s revenue for the quarter was up 27.1% on a year-over-year basis. research analysts expect that Ultra Clean will post 1.93 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC purchased a new position in Ultra Clean in the 1st quarter valued at approximately $108,000. Advisors Preferred LLC bought a new position in Ultra Clean in the 1st quarter valued at $114,000. Glen Harbor Capital Management LLC bought a new position in Ultra Clean in the 1st quarter valued at $131,000. Piedmont Investment Advisors LLC bought a new position in Ultra Clean in the 2nd quarter valued at $150,000. Finally, 6 Meridian bought a new position in Ultra Clean in the 1st quarter valued at $194,000. Institutional investors and hedge funds own 85.94% of the company’s stock.

About Ultra Clean

Ultra Clean Holdings, Inc designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products.

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