Shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) have received a consensus recommendation of “Buy” from the six ratings firms that are currently covering the firm. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $17.38.

A number of research firms have weighed in on UCTT. Stifel Nicolaus raised their price objective on shares of Ultra Clean Holdings from $12.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Needham & Company LLC raised their price objective on shares of Ultra Clean Holdings from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, April 27th. Zacks Investment Research raised shares of Ultra Clean Holdings from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research note on Thursday, April 27th. Finally, TheStreet raised shares of Ultra Clean Holdings from a “c” rating to a “b-” rating in a research note on Thursday, February 23rd.

Shares of Ultra Clean Holdings (NASDAQ:UCTT) traded up 1.049% during midday trading on Friday, reaching $21.675. 548,733 shares of the company’s stock traded hands. The stock has a market cap of $716.60 million, a P/E ratio of 26.530 and a beta of 1.26. Ultra Clean Holdings has a 12 month low of $5.20 and a 12 month high of $22.83. The stock has a 50 day moving average of $18.37 and a 200-day moving average of $13.41.

Ultra Clean Holdings (NASDAQ:UCTT) last posted its quarterly earnings results on Wednesday, April 26th. The semiconductor company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. The business had revenue of $204.60 million during the quarter, compared to analysts’ expectations of $192.61 million. Ultra Clean Holdings had a negative net margin of 3.19% and a positive return on equity of 3.10%. The firm’s revenue was up 82.4% compared to the same quarter last year. On average, equities research analysts forecast that Ultra Clean Holdings will post $1.71 EPS for the current fiscal year.

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In other Ultra Clean Holdings news, SVP David Speirs sold 44,129 shares of the firm’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $15.11, for a total value of $666,789.19. Following the transaction, the senior vice president now directly owns 147,920 shares of the company’s stock, valued at $2,235,071.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Deborah E. Hayward sold 30,000 shares of the firm’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of $15.40, for a total transaction of $462,000.00. Following the completion of the transaction, the senior vice president now directly owns 114,831 shares in the company, valued at $1,768,397.40. The disclosure for this sale can be found here. Insiders sold 141,932 shares of company stock worth $2,346,119 over the last ninety days. Insiders own 3.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its position in Ultra Clean Holdings by 6.6% in the first quarter. Goldman Sachs Group Inc. now owns 100,513 shares of the semiconductor company’s stock worth $1,696,000 after buying an additional 6,234 shares during the period. Driehaus Capital Management LLC raised its position in Ultra Clean Holdings by 68.2% in the first quarter. Driehaus Capital Management LLC now owns 206,176 shares of the semiconductor company’s stock worth $3,478,000 after buying an additional 83,600 shares during the period. Credit Suisse AG raised its position in Ultra Clean Holdings by 219.2% in the first quarter. Credit Suisse AG now owns 73,049 shares of the semiconductor company’s stock worth $1,232,000 after buying an additional 50,164 shares during the period. Caxton Associates LP acquired a new position in Ultra Clean Holdings during the first quarter worth $309,000. Finally, Jane Street Group LLC raised its position in Ultra Clean Holdings by 251.5% in the first quarter. Jane Street Group LLC now owns 78,163 shares of the semiconductor company’s stock worth $1,318,000 after buying an additional 55,924 shares during the period. 66.26% of the stock is currently owned by hedge funds and other institutional investors.

Ultra Clean Holdings Company Profile

Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.

5 Day Chart for NASDAQ:UCTT

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