Ultra Clean (NASDAQ:UCTT) PT Raised to $55.00 at TD Cowen

Ultra Clean (NASDAQ:UCTT) had its price objective raised by research analysts at TD Cowen from $47.00 to $55.00 in a report released on Tuesday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. TD Cowen’s price target points to a potential upside of 25.60% from the company’s current price.

Separately, Needham & Company LLC increased their price target on shares of Ultra Clean from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Ultra Clean Stock Performance

Ultra Clean stock opened at $43.79 on Tuesday. The business has a 50 day moving average of $43.75 and a 200-day moving average of $36.59. The company has a market capitalization of $1.96 billion, a P/E ratio of -53.40 and a beta of 2.02. Ultra Clean has a 1 year low of $22.15 and a 1 year high of $49.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.88 and a quick ratio of 1.67.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $0.12 EPS for the quarter. The company had revenue of $444.80 million for the quarter, compared to analyst estimates of $444.99 million. Ultra Clean had a negative net margin of 1.79% and a positive return on equity of 1.69%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in Ultra Clean by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 545,815 shares of the semiconductor company’s stock valued at $16,194,000 after acquiring an additional 24,673 shares during the period. Vanguard Group Inc. boosted its position in shares of Ultra Clean by 4.7% during the third quarter. Vanguard Group Inc. now owns 4,211,736 shares of the semiconductor company’s stock valued at $124,962,000 after purchasing an additional 190,942 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in Ultra Clean in the third quarter worth $1,871,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Ultra Clean by 4.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,343 shares of the semiconductor company’s stock worth $695,000 after purchasing an additional 930 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Ultra Clean by 0.7% during the 3rd quarter. Swiss National Bank now owns 98,200 shares of the semiconductor company’s stock valued at $2,914,000 after buying an additional 700 shares in the last quarter. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.