Ultra Clean (UCTT) Upgraded to Hold by ValuEngine

ValuEngine upgraded shares of Ultra Clean (NASDAQ:UCTT) from a sell rating to a hold rating in a research note published on Tuesday, February 5th.

A number of other brokerages have also issued reports on UCTT. TheStreet lowered shares of Ultra Clean from a b- rating to a c+ rating in a research note on Tuesday, October 9th. BidaskClub upgraded shares of Ultra Clean from a strong sell rating to a sell rating in a research note on Friday, November 2nd. Craig Hallum upgraded shares of Ultra Clean from a hold rating to a buy rating in a research note on Friday, December 21st. Finally, Needham & Company LLC reiterated a buy rating on shares of Ultra Clean in a research note on Sunday, January 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $20.60.

Shares of NASDAQ UCTT traded down $0.02 during trading hours on Tuesday, hitting $10.63. 475,493 shares of the stock were exchanged, compared to its average volume of 624,933. The company has a quick ratio of 1.63, a current ratio of 2.76 and a debt-to-equity ratio of 0.74. The firm has a market cap of $447.49 million, a PE ratio of 6.40, a price-to-earnings-growth ratio of 0.64 and a beta of 1.28. Ultra Clean has a 12 month low of $6.94 and a 12 month high of $21.95.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data on Thursday, February 21st. The semiconductor company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $257.39 million for the quarter, compared to the consensus estimate of $248.30 million. Ultra Clean had a return on equity of 15.56% and a net margin of 3.34%. On average, equities research analysts anticipate that Ultra Clean will post 0.86 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Ultra Clean by 2.3% during the third quarter. BlackRock Inc. now owns 5,699,153 shares of the semiconductor company’s stock worth $71,524,000 after buying an additional 129,142 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in Ultra Clean by 2.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,540,000 shares of the semiconductor company’s stock valued at $13,044,000 after purchasing an additional 40,000 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Ultra Clean by 3.6% during the third quarter. Bank of New York Mellon Corp now owns 507,953 shares of the semiconductor company’s stock valued at $6,374,000 after purchasing an additional 17,818 shares in the last quarter. Palouse Capital Management Inc. lifted its holdings in Ultra Clean by 67.6% during the fourth quarter. Palouse Capital Management Inc. now owns 17,107 shares of the semiconductor company’s stock valued at $145,000 after purchasing an additional 6,898 shares in the last quarter. Finally, Shepherd Kaplan Krochuk LLC lifted its holdings in Ultra Clean by 83.6% during the third quarter. Shepherd Kaplan Krochuk LLC now owns 61,500 shares of the semiconductor company’s stock valued at $772,000 after purchasing an additional 28,000 shares in the last quarter. 87.52% of the stock is currently owned by hedge funds and other institutional investors.

About Ultra Clean

Ultra Clean Holdings, Inc designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products.

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Analyst Recommendations for Ultra Clean (NASDAQ:UCTT)

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