Ultra Clean Holdings, Inc. (NASDAQ:UCTT) had its target price upped by Dougherty & Co from $32.00 to $35.00 in a research note issued to investors on Tuesday, Marketbeat reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Dougherty & Co’s target price indicates a potential upside of 4.98% from the stock’s current price.

A number of other equities analysts have also recently commented on UCTT. Needham & Company LLC lifted their price target on Ultra Clean Holdings from $22.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, July 28th. ValuEngine cut Ultra Clean Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, October 13th. BidaskClub upgraded Ultra Clean Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Craig Hallum lifted their price target on Ultra Clean Holdings from $25.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, Zacks Investment Research upgraded Ultra Clean Holdings from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, July 18th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $30.33.

Ultra Clean Holdings (NASDAQ:UCTT) traded up 1.00% during mid-day trading on Tuesday, hitting $33.34. The stock had a trading volume of 951,063 shares. The company has a market capitalization of $1.11 billion, a P/E ratio of 24.12 and a beta of 1.29. Ultra Clean Holdings has a 52 week low of $7.63 and a 52 week high of $34.59. The stock’s 50-day moving average is $29.01 and its 200 day moving average is $23.24.

Ultra Clean Holdings (NASDAQ:UCTT) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.11. The company had revenue of $228.26 million during the quarter, compared to analysts’ expectations of $213.92 million. Ultra Clean Holdings had a return on equity of 24.16% and a net margin of 6.25%. Ultra Clean Holdings’s revenue for the quarter was up 75.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 EPS. Equities analysts forecast that Ultra Clean Holdings will post $2.30 earnings per share for the current fiscal year.

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In other Ultra Clean Holdings news, SVP Ronald D’ercole sold 1,457 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $30.47, for a total transaction of $44,394.79. Following the completion of the sale, the senior vice president now directly owns 69,233 shares in the company, valued at $2,109,529.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Speirs sold 19,029 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $24.04, for a total transaction of $457,457.16. Following the sale, the senior vice president now owns 100,879 shares of the company’s stock, valued at $2,425,131.16. The disclosure for this sale can be found here. Insiders have sold 51,119 shares of company stock valued at $1,203,079 in the last quarter. 2.60% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of UCTT. Wells Fargo & Company MN lifted its position in Ultra Clean Holdings by 42.4% during the first quarter. Wells Fargo & Company MN now owns 64,881 shares of the semiconductor company’s stock worth $1,094,000 after acquiring an additional 19,326 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in Ultra Clean Holdings by 0.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 12,618 shares of the semiconductor company’s stock worth $213,000 after acquiring an additional 69 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Ultra Clean Holdings by 51.3% during the first quarter. Bank of New York Mellon Corp now owns 248,065 shares of the semiconductor company’s stock worth $4,184,000 after acquiring an additional 84,153 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in Ultra Clean Holdings during the first quarter worth approximately $1,933,000. Finally, Parametric Portfolio Associates LLC lifted its position in Ultra Clean Holdings by 87.3% during the first quarter. Parametric Portfolio Associates LLC now owns 95,622 shares of the semiconductor company’s stock worth $1,613,000 after acquiring an additional 44,573 shares during the last quarter. Hedge funds and other institutional investors own 76.83% of the company’s stock.

About Ultra Clean Holdings

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.

Analyst Recommendations for Ultra Clean Holdings (NASDAQ:UCTT)

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