Ultra Clean (UCTT) Downgraded by ValuEngine

ValuEngine downgraded shares of Ultra Clean (NASDAQ:UCTT) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Several other equities research analysts have also commented on the stock. Craig Hallum lowered shares of Ultra Clean from a buy rating to a hold rating in a report on Friday, February 22nd. Needham & Company LLC reaffirmed a buy rating and issued a $15.00 price target (up from $13.00) on shares of Ultra Clean in a report on Friday, February 22nd. Finally, BidaskClub lowered shares of Ultra Clean from a buy rating to a hold rating in a report on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $20.60.

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NASDAQ UCTT opened at $10.11 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.63 and a current ratio of 2.76. Ultra Clean has a 1 year low of $6.94 and a 1 year high of $21.95. The firm has a market capitalization of $384.25 million, a P/E ratio of 6.09, a PEG ratio of 0.64 and a beta of 1.28.

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

In other Ultra Clean news, CFO Sheri Savage sold 30,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $10.17, for a total value of $305,100.00. Following the sale, the chief financial officer now directly owns 135,491 shares of the company’s stock, valued at $1,377,943.47. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of UCTT. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Ultra Clean by 57.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,362 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 1,231 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Ultra Clean by 170.5% during the 4th quarter. Bank of Montreal Can now owns 4,184 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 2,637 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of Ultra Clean by 104.7% during the 4th quarter. Advisory Services Network LLC now owns 4,565 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 2,335 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Ultra Clean during the 4th quarter worth about $44,000. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of Ultra Clean by 273.4% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 12,360 shares of the semiconductor company’s stock worth $105,000 after acquiring an additional 9,050 shares in the last quarter. 87.52% of the stock is currently owned by institutional investors.

Ultra Clean Company Profile

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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