Ultra Clean Holdings Inc. Reaches New 12-Month High at $9.47 (UCTT)
Ultra Clean Holdings (NASDAQ:UCTT)’s share price reached a new 52-week high during trading on Thursday, StockRatingsNetwork.com reports. The stock traded as high as $9.47 and last traded at $9.42, with a volume of 352,218 shares traded. The stock had previously closed at $9.03.
A number of analysts have recently weighed in on UCTT shares. Analysts at Roth Capital raised their price target on shares of Ultra Clean Holdings from $8.00 to $10.00 in a research note to investors on Wednesday, October 23rd. They now have a “buy” rating on the stock. Separately, 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, October 23rd. They now have an “outperform” rating on the stock. Finally, 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, October 23rd. They now have a $8.90 price target on the stock. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $9.20.
In other Ultra Clean Holdings news, major shareholder Ait Holding Co Llc unloaded 59,260 shares of the company’s stock on the open market in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $9.05, for a total value of $536,303.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
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 $7.21 and a 200-day moving average of $6.53. The company has a market cap of $264.9 million and a P/E ratio of 89.41.
Ultra Clean Holdings (NASDAQ:UCTT) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.12 earnings per share for the quarter, beating the analysts’ 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 in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts predict that Ultra Clean Holdings will post $0.47 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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