Ultra Clean Holdings Inc. Reaches New 12-Month High at $10.99 (UCTT)
Ultra Clean Holdings (NASDAQ:UCTT)’s share price reached a new 52-week high during trading on Wednesday, ARN reports. The stock traded as high as $10.99 and last traded at $10.75, with a volume of 703,050 shares traded. The stock had previously closed at $10.24.
A number of analysts have recently weighed in on UCTT shares. Analysts at Stifel Nicolaus initiated coverage on shares of Ultra Clean Holdings in a research note to investors on Wednesday. They set a “buy” rating and a $13.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Ultra Clean Holdings from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 24th. They now have a $10.80 price target on the stock. Finally, 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. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $9.91.
In other Ultra Clean Holdings news, major shareholder Ait Holding Co Llc sold 53,385 shares of Ultra Clean Holdings stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $10.05, for a total transaction of $536,519.25. Following the sale, the insider now directly owns 3,519,586 shares in the company, valued at approximately $35,371,839. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Ultra Clean Holdings (NASDAQ:UCTT) last announced its earnings results on Monday, October 21st. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters 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 previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis.
Ultra Clean Holdings, Inc is a developer and supplier of critical subsystems, primarily for the semiconductor capital equipment industry.
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