Ultra Clean Holdings PT Raised to $10.00 at Roth Capital (UCTT)
Equities researchers at Roth Capital lifted their price objective on shares of Ultra Clean Holdings (NASDAQ:UCTT) from $8.00 to $10.00 in a research report issued on Wednesday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Roth Capital’s price target indicates a potential upside of 19.33% from the company’s current price.
UCTT has been the subject of a number of other recent research reports. Analysts at Northland Capital Partners raised their price target on shares of Ultra Clean Holdings from $8.00 to $9.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks upgraded shares of Ultra Clean Holdings from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $8.90 price target on the stock. Finally, analysts at Piper Jaffray Cos. raised their price target on shares of Ultra Clean Holdings from $6.00 to $7.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Ultra Clean Holdings currently has a consensus rating of “Buy” and an average target price of $9.20.
Ultra Clean Holdings (NASDAQ:UCTT) traded down 1.06% during mid-day trading on Wednesday, hitting $8.38. 218,435 shares of the company’s stock traded hands. Ultra Clean Holdings has a 52-week low of $4.33 and a 52-week high of $7.05. The stock has a 50-day moving average of $6.81 and a 200-day moving average of $6.29. The company’s market cap is $237.7 million.
Ultra Clean Holdings (NASDAQ:UCTT) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $107.20 million for the quarter, compared to the consensus estimate of $107.65 million. During the same quarter last year, the company posted $0.06 earnings per share. Ultra Clean Holdings’s revenue was up 6.3% compared to the same quarter last year. Analysts expect that Ultra Clean Holdings will post $0.37 EPS 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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