Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Short Interest Update

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 798,900 shares, a decrease of 18.3% from the March 15th total of 977,300 shares. Based on an average daily trading volume, of 342,600 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.8% of the company’s shares are sold short.

Ultra Clean Stock Down 3.7 %

Shares of NASDAQ UCTT opened at $43.79 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.67 and a current ratio of 2.88. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of -63.46 and a beta of 2.03. The stock has a 50 day moving average price of $44.18 and a 200 day moving average price of $34.85. Ultra Clean has a 52-week low of $22.15 and a 52-week high of $49.25.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $444.80 million during the quarter, compared to analyst estimates of $444.99 million. Ultra Clean had a positive return on equity of 1.69% and a negative net margin of 1.79%.

Institutional Trading of Ultra Clean

A number of large investors have recently modified their holdings of UCTT. Dark Forest Capital Management LP lifted its holdings in Ultra Clean by 6,364.3% during the first quarter. Dark Forest Capital Management LP now owns 905 shares of the semiconductor company’s stock worth $30,000 after buying an additional 891 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Ultra Clean by 813.0% during the first quarter. Tower Research Capital LLC TRC now owns 1,333 shares of the semiconductor company’s stock worth $44,000 after buying an additional 1,187 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Ultra Clean during the second quarter worth $48,000. Worth Asset Management LLC purchased a new stake in Ultra Clean during the first quarter worth $49,000. Finally, Meeder Asset Management Inc. purchased a new stake in Ultra Clean during the fourth quarter worth $59,000. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on UCTT. TheStreet raised Ultra Clean from a “d+” rating to a “c-” rating in a research note on Friday, December 29th. Needham & Company LLC upped their target price on Ultra Clean from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, TD Cowen upped their target price on Ultra Clean from $32.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Ultra Clean presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.33.

About Ultra Clean

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.