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Ultra Clean Holdings (NASDAQ:UCTT) was upgraded by stock analysts at TheStreet from a “hold” rating to a “buy” rating in a report issued on Friday, Analyst Ratings News reports.

The analysts wrote, “Ultra Clean Holdings (UCTT) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.”

A number of other firms have also recently commented on UCTT. Analysts at Dougherty & Co raised their price target on shares of Ultra Clean Holdings from $12.50 to $15.50 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Piper Jaffray raised their price target on shares of Ultra Clean Holdings from $8.00 to $13.00 in a research note on Wednesday. Finally, analysts at Zacks upgraded shares of Ultra Clean Holdings from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 22nd. They now have a $12.60 price target on the stock. Eight analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $12.01.

Ultra Clean Holdings (NASDAQ:UCTT) traded down 3.43% during mid-day trading on Friday, hitting $13.2198. 135,851 shares of the company’s stock traded hands. Ultra Clean Holdings has a 52 week low of $4.52 and a 52 week high of $13.88. The stock’s 50-day moving average is $11.39 and its 200-day moving average is $8.95. The company has a market cap of $376.1 million and a price-to-earnings ratio of 135.54.

Ultra Clean Holdings (NASDAQ:UCTT) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.17. The company had revenue of $126.30 million for the quarter, compared to the consensus estimate of $107.55 million. Analysts expect that Ultra Clean Holdings will post $1.07 EPS for the current fiscal year.

In other Ultra Clean Holdings news, major shareholder Ait Holding Co Llc unloaded 130,200 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $13.28, for a total transaction of $1,729,056.00. Following the sale, the insider now directly owns 2,838,044 shares in the company, valued at approximately $37,689,224. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Ultra Clean Holdings, Inc is a developer and supplier of critical subsystems, primarily for the semiconductor capital equipment industry.

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