Cowen upgraded shares of Ultra Clean (NASDAQ:UCTT) from a market perform rating to an outperform rating in a research report released on Thursday morning, MarketBeat.com reports. The firm currently has $32.00 target price on the semiconductor company’s stock.
Several other analysts have also commented on the stock. Zacks Investment Research lowered shares of Ultra Clean from a buy rating to a hold rating in a research report on Friday, January 12th. Stifel Nicolaus upgraded shares of Ultra Clean from a hold rating to a buy rating and set a $27.00 price target on the stock in a research report on Monday, December 4th. Needham & Company LLC dropped their price target on shares of Ultra Clean from $36.00 to $34.00 and set a buy rating on the stock in a research report on Thursday, October 26th. Dougherty & Co raised their price target on shares of Ultra Clean from $32.00 to $35.00 and gave the company a buy rating in a research report on Tuesday, October 24th. Finally, ValuEngine lowered shares of Ultra Clean from a strong-buy rating to a buy rating in a research report on Friday, October 13th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Ultra Clean presently has an average rating of Buy and a consensus price target of $32.00.
Ultra Clean (NASDAQ:UCTT) traded down $0.21 during trading hours on Thursday, hitting $26.67. 1,658,901 shares of the stock were exchanged, compared to its average volume of 1,406,811. The firm has a market capitalization of $896.83, a price-to-earnings ratio of 12.88, a P/E/G ratio of 0.70 and a beta of 1.02. Ultra Clean has a 1 year low of $11.86 and a 1 year high of $34.59. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.06 and a quick ratio of 1.09.
In other Ultra Clean news, SVP Ronald D’ercole sold 5,202 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $24.49, for a total transaction of $127,396.98. Following the transaction, the senior vice president now directly owns 60,900 shares of the company’s stock, valued at $1,491,441. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David T. Ibnale sold 12,500 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $21.58, for a total transaction of $269,750.00. Following the transaction, the director now directly owns 63,500 shares in the company, valued at $1,370,330. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,785 shares of company stock worth $1,037,188. 2.60% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of UCTT. Schwab Charles Investment Management Inc. lifted its holdings in Ultra Clean by 97.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 109,440 shares of the semiconductor company’s stock valued at $2,052,000 after purchasing an additional 53,940 shares in the last quarter. Legal & General Group Plc lifted its holdings in Ultra Clean by 4.2% during the second quarter. Legal & General Group Plc now owns 7,824 shares of the semiconductor company’s stock valued at $146,000 after purchasing an additional 314 shares in the last quarter. Principal Financial Group Inc. purchased a new position in Ultra Clean during the second quarter valued at $228,000. Swiss National Bank purchased a new position in Ultra Clean during the second quarter valued at $992,000. Finally, Alliancebernstein L.P. purchased a new position in Ultra Clean during the second quarter valued at $724,000. 75.48% of the stock is currently owned by institutional investors and hedge funds.
WARNING: This story was published by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/3149082/cowen-upgrades-ultra-clean-uctt-to-outperform.html.
About Ultra Clean
Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.
Receive News & Ratings for Ultra Clean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Clean and related companies with MarketBeat.com's FREE daily email newsletter.