BidaskClub upgraded shares of Ultra Clean (NASDAQ:UCTT) from a sell rating to a hold rating in a research note issued to investors on Saturday morning, BidAskClub reports.

Other equities research analysts also recently issued reports about the company. Needham & Company LLC reaffirmed a buy rating and set a $17.00 target price on shares of Ultra Clean in a report on Monday, August 5th. Zacks Investment Research lowered Ultra Clean from a hold rating to a sell rating in a research report on Saturday, July 27th. Finally, ValuEngine raised Ultra Clean from a hold rating to a buy rating in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $17.63.

Ultra Clean stock opened at $14.28 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.87 and a current ratio of 2.93. The firm has a market cap of $564.70 million, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. Ultra Clean has a 1 year low of $6.94 and a 1 year high of $15.94. The firm’s 50 day moving average price is $13.13 and its two-hundred day moving average price is $12.56.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The company had revenue of $265.40 million during the quarter, compared to the consensus estimate of $255.42 million. Ultra Clean had a positive return on equity of 8.16% and a negative net margin of 0.66%. The company’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 EPS. As a group, equities analysts predict that Ultra Clean will post 0.77 EPS for the current fiscal year.

In related news, CFO Sheri Savage sold 22,574 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $13.13, for a total value of $296,396.62. Following the completion of the transaction, the chief financial officer now owns 115,660 shares of the company’s stock, valued at approximately $1,518,615.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in shares of Ultra Clean by 2.2% in the 1st quarter. JPMorgan Chase & Co. now owns 736,666 shares of the semiconductor company’s stock valued at $7,624,000 after purchasing an additional 15,784 shares during the period. Millennium Management LLC purchased a new position in shares of Ultra Clean during the 4th quarter valued at $117,000. THB Asset Management grew its holdings in shares of Ultra Clean by 56.5% during the 1st quarter. THB Asset Management now owns 475,380 shares of the semiconductor company’s stock valued at $4,920,000 after acquiring an additional 171,703 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Ultra Clean by 451.1% in the first quarter. BNP Paribas Arbitrage SA now owns 7,986 shares of the semiconductor company’s stock worth $83,000 after acquiring an additional 6,537 shares during the last quarter. Finally, Pinnacle Associates Ltd. increased its stake in shares of Ultra Clean by 6.9% in the first quarter. Pinnacle Associates Ltd. now owns 399,958 shares of the semiconductor company’s stock worth $4,140,000 after acquiring an additional 25,940 shares during the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Ultra Clean Company Profile

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.

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