Ultra Clean Holdings Inc (NASDAQ:UCTT) shares were down 0.8% during mid-day trading on Friday . The company traded as low as $15.03 and last traded at $14.97, approximately 12,402 shares traded hands during trading. A decline of 97% from the average daily volume of 370,843 shares. The stock had previously closed at $15.09.
A number of equities research analysts have issued reports on UCTT shares. Cowen set a $150.00 price objective on shares of Tesla and gave the company a “sell” rating in a report on Friday, May 3rd. ValuEngine raised shares of United States Steel from a “strong sell” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research lowered shares of ZEALAND PHARMA/S from a “buy” rating to a “hold” rating in a report on Saturday. Dougherty & Co reaffirmed a “buy” rating and set a $18.50 price objective (up from $17.00) on shares of Ultra Clean in a report on Friday, May 3rd. Finally, BidaskClub lowered shares of Zai Lab from a “strong-buy” rating to a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $17.13.
The firm’s fifty day simple moving average is $13.68. The company has a quick ratio of 1.88, a current ratio of 3.03 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $593.56 million, a PE ratio of 9.14, a PEG ratio of 1.28 and a beta of 1.07.
Ultra Clean (NASDAQ:UCTT) last posted its earnings results on Thursday, May 2nd. The semiconductor company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. Ultra Clean had a net margin of 1.20% and a return on equity of 11.20%. The firm had revenue of $260.00 million during the quarter, compared to analyst estimates of $240.71 million. During the same period last year, the firm posted $0.67 earnings per share. Ultra Clean’s revenue for the quarter was down 17.4% compared to the same quarter last year. Sell-side analysts forecast that Ultra Clean Holdings Inc will post 0.84 earnings per share for the current fiscal year.
In related news, CFO Sheri Savage sold 8,670 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $14.15, for a total value of $122,680.50. Following the completion of the transaction, the chief financial officer now directly owns 155,236 shares of the company’s stock, valued at $2,196,589.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Joan Sterling sold 38,384 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $13.49, for a total transaction of $517,800.16. Following the completion of the transaction, the senior vice president now directly owns 45,518 shares of the company’s stock, valued at $614,037.82. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Bailard Inc. purchased a new stake in Ultra Clean in the second quarter valued at approximately $167,000. Arizona State Retirement System lifted its holdings in Ultra Clean by 1.4% in the second quarter. Arizona State Retirement System now owns 61,015 shares of the semiconductor company’s stock valued at $849,000 after acquiring an additional 831 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in Ultra Clean by 7.1% in the second quarter. Crossmark Global Holdings Inc. now owns 47,330 shares of the semiconductor company’s stock valued at $659,000 after acquiring an additional 3,140 shares during the period. ARK Investment Management LLC lifted its holdings in Ultra Clean by 14.6% in the first quarter. ARK Investment Management LLC now owns 45,165 shares of the semiconductor company’s stock valued at $467,000 after acquiring an additional 5,765 shares during the period. Finally, Paradigm Capital Management Inc. NY lifted its holdings in Ultra Clean by 2.3% in the first quarter. Paradigm Capital Management Inc. NY now owns 1,611,226 shares of the semiconductor company’s stock valued at $16,676,000 after acquiring an additional 36,956 shares during the period. 91.12% of the stock is owned by hedge funds and other institutional investors.
Ultra Clean Company Profile (NASDAQ:UCTT)
Ultra Clean Holdings, Inc designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products.