Ultra Clean (NASDAQ:UCTT) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Ultra Clean (NASDAQ:UCTT) from a buy rating to a hold rating in a research note released on Saturday morning.

Several other equities analysts have also issued reports on UCTT. Oppenheimer raised their price target on Ultra Clean from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 9th. UBS Group assumed coverage on Ultra Clean in a research note on Tuesday, May 5th. They set a “buy” rating and a $130.00 price objective for the company. Zacks Research upgraded shares of Ultra Clean from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Weiss Ratings downgraded shares of Ultra Clean from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, July 24th. Finally, TD Cowen upped their price target on shares of Ultra Clean from $100.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Ultra Clean currently has an average rating of “Buy” and a consensus price target of $113.40.

Ultra Clean Stock Up 0.1%

UCTT opened at $83.31 on Friday. Ultra Clean has a 12 month low of $21.28 and a 12 month high of $144.22. The company has a current ratio of 3.07, a quick ratio of 1.72 and a debt-to-equity ratio of 0.86. The business’s 50-day moving average price is $100.52 and its 200-day moving average price is $75.85. The company has a market cap of $3.73 billion, a P/E ratio of -19.42, a P/E/G ratio of 1.11 and a beta of 1.83.

Insider Buying and Selling at Ultra Clean

In other Ultra Clean news, insider Christopher S. Cook sold 11,478 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $73.96, for a total transaction of $848,912.88. Following the transaction, the insider directly owned 97,427 shares of the company’s stock, valued at approximately $7,205,700.92. The trade was a 10.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Emily M. Liggett sold 8,198 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $92.18, for a total transaction of $755,691.64. Following the completion of the transaction, the director owned 38,152 shares of the company’s stock, valued at $3,516,851.36. This trade represents a 17.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 68,203 shares of company stock worth $5,838,174. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Ultra Clean

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Ultra Clean by 6.2% during the 4th quarter. Vanguard Group Inc. now owns 4,990,724 shares of the semiconductor company’s stock valued at $126,415,000 after acquiring an additional 293,048 shares in the last quarter. Invesco Ltd. raised its position in shares of Ultra Clean by 63.1% in the 4th quarter. Invesco Ltd. now owns 3,399,834 shares of the semiconductor company’s stock worth $86,118,000 after acquiring an additional 1,315,407 shares in the last quarter. State Street Corp raised its position in shares of Ultra Clean by 5.0% in the 4th quarter. State Street Corp now owns 1,852,482 shares of the semiconductor company’s stock worth $46,923,000 after acquiring an additional 87,931 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Ultra Clean by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 821,088 shares of the semiconductor company’s stock valued at $20,798,000 after purchasing an additional 43,987 shares during the period. Finally, Cooper Creek Partners Management LLC purchased a new position in shares of Ultra Clean in the 1st quarter valued at approximately $36,486,000. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc is a global supplier of critical consumables and process tools for the semiconductor manufacturing industry. The company specializes in precision parts cleaning, chemical–mechanical planarization (CMP) slurries, surface conditioning pads, and specialty components used in wafer fabrication and advanced packaging. Ultra Clean also provides assembly and test hardware, tooling, and automated modules designed to support complex front-end and back-end processes in semiconductor fabs.

Ultra Clean’s product portfolio encompasses a range of cleaning systems and consumables aimed at particle and film removal, as well as CMP slurries and pads that are engineered for uniform material removal and planarization.