Ultra Clean (UCTT) Lowered to “Strong Sell” at BidaskClub

Ultra Clean (NASDAQ:UCTT) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.

Several other research firms also recently issued reports on UCTT. Zacks Investment Research downgraded Ultra Clean from a “buy” rating to a “hold” rating in a research note on Saturday, November 11th. ValuEngine downgraded Ultra Clean from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 13th. Stifel Nicolaus upgraded Ultra Clean from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Monday, December 4th. Needham & Company LLC upped their price target on Ultra Clean from $30.00 to $36.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 13th. Finally, Cowen upped their price target on Ultra Clean from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. Ultra Clean presently has an average rating of “Buy” and an average target price of $32.00.

Shares of Ultra Clean (NASDAQ:UCTT) opened at $17.13 on Friday. The stock has a market capitalization of $572.36, a PE ratio of 9.11, a PEG ratio of 0.50 and a beta of 0.82. Ultra Clean has a 52 week low of $11.86 and a 52 week high of $34.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 2.06.

In related news, SVP Joan Sterling sold 5,202 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $24.04, for a total transaction of $125,056.08. Following the completion of the transaction, the senior vice president now owns 64,932 shares of the company’s stock, valued at approximately $1,560,965.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ronald D’ercole sold 3,009 shares of the business’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $21.41, for a total value of $64,422.69. Following the transaction, the senior vice president now directly owns 58,909 shares of the company’s stock, valued at approximately $1,261,241.69. The disclosure for this sale can be found here. Insiders have sold a total of 70,660 shares of company stock valued at $1,760,549 in the last three months. 2.60% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Legal & General Group Plc raised its holdings in Ultra Clean by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 7,824 shares of the semiconductor company’s stock valued at $146,000 after acquiring an additional 314 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Ultra Clean by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,505 shares of the semiconductor company’s stock valued at $496,000 after acquiring an additional 454 shares in the last quarter. California Public Employees Retirement System raised its holdings in Ultra Clean by 1.3% in the 2nd quarter. California Public Employees Retirement System now owns 105,800 shares of the semiconductor company’s stock valued at $1,984,000 after acquiring an additional 1,400 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Ultra Clean by 1.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 102,131 shares of the semiconductor company’s stock valued at $1,915,000 after acquiring an additional 1,618 shares in the last quarter. Finally, Chicago Equity Partners LLC raised its holdings in Ultra Clean by 3.1% in the 3rd quarter. Chicago Equity Partners LLC now owns 102,310 shares of the semiconductor company’s stock valued at $3,133,000 after acquiring an additional 3,115 shares in the last quarter. 75.15% of the stock is owned by hedge funds and other institutional investors.

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Ultra Clean 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.

Analyst Recommendations for Ultra Clean (NASDAQ:UCTT)

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