Ultra Clean (NASDAQ:UCTT) Coverage Initiated by Analysts at Barclays

Barclays assumed coverage on shares of Ultra Clean (NASDAQ:UCTT) in a research note issued to investors on Friday, MarketBeat reports. The brokerage issued an equal weight rating and a $65.00 price objective on the semiconductor company’s stock.

UCTT has been the topic of several other reports. Needham & Company LLC lowered their price objective on shares of Ultra Clean from $125.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. Freedom Broker assumed coverage on Ultra Clean in a research report on Friday, October 9th. They set a “buy” rating and a $127.00 price target on the stock. Wall Street Zen upgraded Ultra Clean from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. TD Cowen dropped their price objective on Ultra Clean from $140.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. Finally, UBS Group began coverage on Ultra Clean in a research note on Friday. They set a “positive” rating for the company. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $107.00.

Ultra Clean Stock Down 3.6%

UCTT stock opened at $46.35 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.79 and a debt-to-equity ratio of 0.78. The business has a 50 day moving average price of $61.58 and a two-hundred day moving average price of $74.33. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 81.32, a P/E/G ratio of 0.46 and a beta of 1.90. Ultra Clean has a twelve month low of $21.49 and a twelve month high of $144.22.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings data on Tuesday, October 27th. The semiconductor company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.94 by $0.21. Ultra Clean had a return on equity of 12.00% and a net margin of 1.09%. The company had revenue of $759.00 million during the quarter, compared to the consensus estimate of $727.55 million. During the same quarter in the prior year, the firm posted $0.28 EPS. The firm’s revenue for the quarter was up 48.8% compared to the same quarter last year. Analysts anticipate that Ultra Clean will post 2.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Kilter Group LLC acquired a new stake in shares of Ultra Clean in the second quarter valued at approximately $30,000. Reyes Financial Architecture Inc. bought a new stake in shares of Ultra Clean during the 3rd quarter valued at approximately $37,000. EverSource Wealth Advisors LLC increased its holdings in shares of Ultra Clean by 37.3% during the first quarter. EverSource Wealth Advisors LLC now owns 721 shares of the semiconductor company’s stock worth $45,000 after buying an additional 196 shares in the last quarter. Harbor Investment Advisory LLC bought a new position in Ultra Clean in the second quarter valued at about $62,000. Finally, KBC Group NV bought a new position in Ultra Clean in the 1st quarter valued at approximately $75,000. Institutional investors own 96.06% of the company’s stock.

About Ultra Clean

Ultra Clean Holdings, Inc. (NASDAQ: UCTT) provides products and services used in the manufacture of semiconductor and other high-technology equipment. Its offerings include critical subsystems, components and assemblies, along with engineering and manufacturing services that help equipment makers design, build and support their systems. The company’s products include gas and chemical delivery systems, fluid and precision-engineered components, and assemblies made for use in demanding manufacturing environments.