Brokerages Set Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Target Price at $58.67

Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) have been assigned an average recommendation of “Buy” from the four ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $61.50.

A number of research analysts recently commented on UCTT shares. Oppenheimer started coverage on Ultra Clean in a report on Wednesday. They issued an “outperform” rating and a $70.00 price target on the stock. Craig Hallum upped their price objective on Ultra Clean from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. TD Cowen upped their price objective on Ultra Clean from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $56.00 price objective on shares of Ultra Clean in a report on Friday, July 26th.

Insider Transactions at Ultra Clean

In related news, CFO Sheri Savage sold 897 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $55.87, for a total transaction of $50,115.39. Following the sale, the chief financial officer now owns 51,678 shares in the company, valued at approximately $2,887,249.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Sheri Savage sold 897 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $55.87, for a total transaction of $50,115.39. Following the sale, the chief financial officer now owns 51,678 shares in the company, valued at approximately $2,887,249.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James P. Scholhamer sold 26,608 shares of the stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $55.10, for a total value of $1,466,100.80. Following the sale, the chief executive officer now owns 418,453 shares in the company, valued at approximately $23,056,760.30. The disclosure for this sale can be found here. Insiders have sold 47,266 shares of company stock valued at $2,556,853 in the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Ultra Clean

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in Ultra Clean by 52.1% in the 2nd quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 213 shares during the last quarter. CWM LLC grew its position in shares of Ultra Clean by 46.3% during the 2nd quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock worth $39,000 after buying an additional 253 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Ultra Clean during the 2nd quarter worth $41,000. nVerses Capital LLC bought a new position in shares of Ultra Clean during the 2nd quarter worth $64,000. Finally, TFO Wealth Partners LLC grew its position in shares of Ultra Clean by 27,160.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,726 shares of the semiconductor company’s stock worth $93,000 after buying an additional 2,716 shares in the last quarter. Institutional investors own 96.06% of the company’s stock.

Ultra Clean Stock Down 1.8 %

NASDAQ UCTT opened at $40.16 on Wednesday. The stock’s 50 day moving average is $37.79 and its 200 day moving average is $43.18. The company has a current ratio of 2.73, a quick ratio of 1.60 and a debt-to-equity ratio of 0.52. Ultra Clean has a 12 month low of $22.15 and a 12 month high of $56.47. The stock has a market cap of $1.81 billion, a PE ratio of -48.98 and a beta of 2.09.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.21 EPS for the quarter. Ultra Clean had a positive return on equity of 2.59% and a negative net margin of 0.46%. The company had revenue of $516.10 million for the quarter, compared to analysts’ expectations of $490.06 million. During the same period in the previous year, the firm earned $0.16 EPS. The firm’s revenue was up 22.4% compared to the same quarter last year.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.