Ultra Clean (UCTT) Rating Lowered to Sell at BidaskClub

Ultra Clean (NASDAQ:UCTT) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Wednesday.

Several other research analysts have also recently commented on the stock. Needham & Company LLC increased their target price on shares of Ultra Clean from $30.00 to $36.00 and gave the stock a “strong-buy” rating in a report on Friday, October 13th. Dougherty & Co increased their target price on shares of Ultra Clean from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. Cowen increased their target price on shares of Ultra Clean from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. ValuEngine cut shares of Ultra Clean from a “strong-buy” rating to a “buy” rating in a report on Friday, October 13th. Finally, Zacks Investment Research cut shares of Ultra Clean from a “buy” rating to a “hold” rating in a report on Saturday, November 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. Ultra Clean has a consensus rating of “Buy” and a consensus price target of $32.00.

Shares of Ultra Clean (UCTT) traded down $0.34 on Wednesday, reaching $21.69. 5,450,888 shares of the company traded hands, compared to its average volume of 1,450,000. Ultra Clean has a fifty-two week low of $11.86 and a fifty-two week high of $34.59. The firm has a market capitalization of $729.04, a PE ratio of 11.54, a price-to-earnings-growth ratio of 0.60 and a beta of 1.02. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.06 and a quick ratio of 1.09.

In other Ultra Clean news, Director Clarence L. Granger sold 20,000 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $24.56, for a total value of $491,200.00. Following the completion of the sale, the director now owns 229,208 shares in the company, valued at $5,629,348.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO James P. Scholhamer sold 29,949 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $27.05, for a total transaction of $810,120.45. Following the completion of the sale, the chief executive officer now owns 336,028 shares of the company’s stock, valued at approximately $9,089,557.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,660 shares of company stock valued at $1,760,549. Corporate insiders own 2.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in UCTT. Vanguard Group Inc. lifted its stake in shares of Ultra Clean by 32.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,636,857 shares of the semiconductor company’s stock worth $30,691,000 after buying an additional 399,627 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Ultra Clean by 981.9% during the 3rd quarter. Wells Fargo & Company MN now owns 347,374 shares of the semiconductor company’s stock worth $10,637,000 after buying an additional 315,266 shares during the last quarter. Numeric Investors LLC acquired a new stake in shares of Ultra Clean during the 2nd quarter worth about $3,632,000. OxFORD Asset Management LLP acquired a new stake in shares of Ultra Clean during the 2nd quarter worth about $2,790,000. Finally, Smith Graham & Co. Investment Advisors LP lifted its stake in shares of Ultra Clean by 22.8% during the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 740,027 shares of the semiconductor company’s stock worth $17,087,000 after buying an additional 137,275 shares during the last quarter. Hedge funds and other institutional investors own 75.28% of the company’s stock.

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About Ultra Clean

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 (NASDAQ:UCTT)

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