Ultra Clean Holdings Inc. Reaches New 12-Month High at $7.15 (UCTT)
Shares of Ultra Clean Holdings (NASDAQ:UCTT) hit a new 52-week high during trading hours on Monday, Analyst Ratings.Net reports. The company traded as high as $7.15 and last traded at $7.09, with a volume of 70,924 shares trading hands. The stock had previously closed at $7.04.
Several analysts have recently commented on the stock. Analysts at Needham & Company raised their price target on shares of Ultra Clean Holdings to $9.00 in a research note to investors on Wednesday, July 24th. They now have a “buy” rating on the stock. Separately, analysts at Northland Securities reiterated a “buy” rating on shares of Ultra Clean Holdings in a research note to investors on Tuesday, July 23rd. They now have a $8.00 price target on the stock. Finally, analysts at Piper Jaffray Cos. raised their price target on shares of Ultra Clean Holdings from $5.50 to $6.00 in a research note to investors on Tuesday, July 23rd. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Ultra Clean Holdings has an average rating of “Buy” and a consensus price target of $8.20.
Ultra Clean Holdings has a one year low of $4.33 and a one year high of $7.11. The stock has a 50-day moving average of $6.80 and a 200-day moving average of $6.37. The company’s market cap is $201.7 million.
Ultra Clean Holdings (NASDAQ:UCTT) last announced its earnings results on Monday, July 22nd. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.09 by $0.01. The company had revenue of $110.10 million for the quarter, compared to the consensus estimate of $108.00 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts predict that Ultra Clean Holdings will post $0.37 earnings per share for the current fiscal year.
Ultra Clean Holdings, Inc is a developer and supplier of critical subsystems, primarily for the semiconductor capital equipment industry.
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