Press coverage about Ultra Clean Holdings (NASDAQ:UCTT) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ultra Clean Holdings earned a news impact score of 0.16 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 46.3818705540831 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Ultra Clean Holdings (NASDAQ UCTT) opened at 24.15 on Tuesday. Ultra Clean Holdings has a 1-year low of $6.58 and a 1-year high of $26.21. The stock has a market cap of $807.38 million, a P/E ratio of 17.47 and a beta of 1.22. The company’s 50-day moving average price is $22.88 and its 200-day moving average price is $19.95.
Ultra Clean Holdings (NASDAQ:UCTT) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.11. The firm had revenue of $228.26 million during the quarter, compared to analyst estimates of $213.92 million. Ultra Clean Holdings had a return on equity of 24.16% and a net margin of 6.25%. Ultra Clean Holdings’s quarterly revenue was up 75.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 earnings per share. Analysts predict that Ultra Clean Holdings will post $2.29 EPS for the current year.
A number of research analysts have recently commented on UCTT shares. ValuEngine upgraded Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Ultra Clean Holdings from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, July 18th. Stifel Nicolaus raised their price target on Ultra Clean Holdings from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Monday, July 10th. BidaskClub upgraded Ultra Clean Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Cowen and Company started coverage on Ultra Clean Holdings in a research note on Thursday, June 15th. They set a “market perform” rating and a $26.00 price target on the stock. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $27.83.
In other news, Director David T. Ibnale sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $22.95, for a total transaction of $229,500.00. Following the completion of the transaction, the director now directly owns 76,000 shares in the company, valued at $1,744,200. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Deborah E. Hayward sold 19,883 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $20.76, for a total value of $412,771.08. Following the transaction, the insider now owns 68,574 shares of the company’s stock, valued at $1,423,596.24. The disclosure for this sale can be found here. Insiders have sold 60,941 shares of company stock valued at $1,332,923 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.
About Ultra Clean Holdings
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.
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