Ultra Clean (NASDAQ:UCTT) Price Target Raised to $55.00 at TD Cowen

Ultra Clean (NASDAQ:UCTT) had its target price upped by TD Cowen from $47.00 to $55.00 in a research report report published on Tuesday, MarketBeat.com reports. They currently have a buy rating on the semiconductor company’s stock.

Separately, Needham & Company LLC raised their price objective on Ultra Clean from $46.00 to $50.00 and gave the company a buy rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $57.00.

Ultra Clean Stock Performance

Shares of UCTT stock opened at $44.07 on Tuesday. Ultra Clean has a one year low of $22.15 and a one year high of $49.25. The company has a 50 day moving average price of $43.73 and a 200 day moving average price of $36.54. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of -63.87 and a beta of 2.02. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.67 and a current ratio of 2.88.

Ultra Clean (NASDAQ:UCTT) last posted its 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 the consensus estimate of $444.99 million. Ultra Clean had a negative net margin of 1.79% and a positive return on equity of 1.69%.

Institutional Investors Weigh In On Ultra Clean

Several hedge funds and other institutional investors have recently bought and sold shares of UCTT. Texas Permanent School Fund Corp raised its holdings in Ultra Clean by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 39,236 shares of the semiconductor company’s stock valued at $1,803,000 after acquiring an additional 525 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Ultra Clean by 32.2% in the 1st quarter. BNP Paribas Financial Markets now owns 29,679 shares of the semiconductor company’s stock worth $1,363,000 after purchasing an additional 7,233 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Ultra Clean in the 1st quarter valued at about $96,000. Whalen Wealth Management Inc. bought a new position in shares of Ultra Clean during the first quarter worth about $237,000. Finally, Vaughan Nelson Investment Management L.P. grew its stake in Ultra Clean by 47.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 808,723 shares of the semiconductor company’s stock worth $37,152,000 after purchasing an additional 260,740 shares in the last quarter. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

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.