Somewhat Positive Press Coverage Somewhat Unlikely to Impact Ultra Clean (UCTT) Stock Price
News stories about Ultra Clean (NASDAQ:UCTT) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ultra Clean earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 45.589756263084 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Ultra Clean (UCTT) Lowered to “Strong Sell” at BidaskClub (americanbankingnews.com)
- UCT Announces Fourth Quarter 2017 Financial Results Release Date (finance.yahoo.com)
- Ultra Clean Holdings, Inc., (NASDAQ: UCTT) – Hot Mover to Watch – Stock Watch (stocksnewstimes.com)
- Investors need to focus on Analysts Rating: Ultra Clean Holdings, Inc. (UCTT) – Wall Street Morning (wallstreetmorning.com)
A number of brokerages have issued reports on UCTT. Cowen upped their price objective on Ultra Clean from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, October 18th. Dougherty & Co upped their price objective on Ultra Clean from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. Zacks Investment Research downgraded Ultra Clean from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, Needham & Company LLC decreased their price objective on Ultra Clean from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $32.00.
In other news, Director Clarence L. Granger sold 20,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $24.56, for a total value of $491,200.00. Following the sale, the director now directly owns 229,208 shares in the company, valued at $5,629,348.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Ronald D’ercole sold 3,009 shares of the stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $21.41, for a total value of $64,422.69. Following the completion of the sale, the senior vice president now owns 58,909 shares in the company, valued at $1,261,241.69. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,660 shares of company stock worth $1,760,549. Company insiders own 2.60% of the company’s stock.
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Ultra Clean Company Profile
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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