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.
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.
COPYRIGHT VIOLATION WARNING: “Ultra Clean (UCTT) Rating Lowered to Sell at BidaskClub” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2018/01/31/ultra-clean-uctt-rating-lowered-to-sell-at-bidaskclub.html.
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.
Receive News & Ratings for Ultra Clean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Clean and related companies with MarketBeat.com's FREE daily email newsletter.