The stock of Ultra Clean Holdings Inc (NASDAQ:UCTT) hit a new 52-week high and has $18.45 target or 149.00% above today’s $7.41 share price. The 6 months bullish chart indicates low risk for the $254.63 million company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $18.45 price target is reached, the company will be worth $379.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock last traded at $7.41 per share. It is up 41.68% since February 29, 2016 and is uptrending. It has outperformed by 29.47% the S&P500.
Analysts await Ultra Clean Holdings Inc (NASDAQ:UCTT) to report earnings on October, 27. They expect $0.12 EPS, up 20.00% or $0.02 from last year’s $0.1 per share. UCTT’s profit will be $4.12M for 15.44 P/E if the $0.12 EPS becomes a reality. After $0.10 actual EPS reported by Ultra Clean Holdings Inc for the previous quarter, Wall Street now forecasts 20.00% EPS growth.
Ultra Clean Holdings Inc (NASDAQ:UCTT) Ratings Coverage
Out of 5 analysts covering Ultra Clean Holdings (NASDAQ:UCTT), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Ultra Clean Holdings has been the topic of 9 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Friday, October 23 by Craig Hallum. As per Thursday, July 23, the company rating was upgraded by Northland Capital. Craig Hallum upgraded Ultra Clean Holdings Inc (NASDAQ:UCTT) on Tuesday, January 12 to “Buy” rating. As per Friday, July 29, the company rating was maintained by Dougherty & Company. As per Monday, April 18, the company rating was upgraded by Needham. Needham maintained the stock with “Buy” rating in Friday, July 29 report. Dougherty & Company maintained it with “Buy” rating and $10 target price in Thursday, July 23 report. The firm has “Hold” rating given on Friday, July 8 by Stifel Nicolaus. The firm has “Buy” rating given on Friday, July 24 by Craig Hallum.
According to Zacks Investment Research, “ULTRA CLEAN HOLDINGS, INC. is a developer and supplier of critical subsystems for the semiconductor capital equipment, flat panel, solar and medical device industries. Ultra Clean offers its customers an integrated outsourced solution for gas delivery systems and other subassemblies, improved design-to-delivery cycle times, component neutral design and manufacturing and component testing capabilities. Ultra Clean’s customers are primarily original equipment manufacturers for the semiconductor capital equipment, flat panel, solar and medical device industries. Ultra Clean is headquartered in Menlo Park, California.”
Insitutional Activity: The institutional sentiment decreased to 1.18 in Q2 2016. Its down 0.21, from 1.39 in 2016Q1. The ratio fall, as 5 funds sold all Ultra Clean Holdings Inc shares owned while 29 reduced positions. 12 funds bought stakes while 28 increased positions. They now own 21.63 million shares or 1.72% more from 21.26 million shares in 2016Q1.
Harvey Prtn Ltd Llc accumulated 4.16% or 732,000 shares. Moreover, Awm has 1.79% invested in Ultra Clean Holdings Inc (NASDAQ:UCTT) for 1.47M shares. Fuller Thaler Asset Mngmt Incorporated has 315,100 shares for 0.03% of their US portfolio. Goldman Sachs Gp holds 0% of its portfolio in Ultra Clean Holdings Inc (NASDAQ:UCTT) for 60,070 shares. Dimensional Fund Advsr Lp has 0.01% invested in the company for 1.83M shares. The Pennsylvania-based Vanguard Group Inc Inc Inc has invested 0% in Ultra Clean Holdings Inc (NASDAQ:UCTT). Blackrock Institutional Tru Na holds 0% or 788,986 shares in its portfolio. Smith Graham & Communication Investment Ltd Partnership has 0.86% invested in the company for 1.10 million shares. Art Ltd Limited Liability Company accumulated 0.01% or 23,129 shares. Perritt Mgmt has 0.13% invested in the company for 90,000 shares. The California-based California State Teachers Retirement Systems has invested 0% in Ultra Clean Holdings Inc (NASDAQ:UCTT). Pacific Ridge Cap Ltd Company has 631,915 shares for 1.63% of their US portfolio. Teton Advsr Incorporated holds 0.08% or 157,000 shares in its portfolio. The New York-based Springbok Cap Mgmt Limited Liability Company has invested 0.01% in Ultra Clean Holdings Inc (NASDAQ:UCTT). Credit Suisse Ag accumulated 0% or 24,104 shares.
Insider Transactions: Since August 19, 2016, the stock had 0 insider buys, and 1 insider sale for $19,312 net activity. Brumm Sheri had sold 2,811 shares worth $19,312 on Friday, August 19.
More notable recent Ultra Clean Holdings Inc (NASDAQ:UCTT) news were published by: Marketwatch.com which released: “Ultra Clean Holdings Inc.” on December 22, 2009, also Nasdaq.com with their article: “Ultra Clean Holdings is Now a Strong Buy: Should You Add?” published on September 28, 2016, Prnewswire.com published: “Ultra Clean Holdings, Inc. Announces Acquisition of Marchi Thermal Systems, Inc.” on February 05, 2015. More interesting news about Ultra Clean Holdings Inc (NASDAQ:UCTT) were released by: Prnewswire.com and their article: “Ultra Clean to Participate in the Dougherty & Company 2016 Institutional …” published on September 20, 2016 as well as Prnewswire.com‘s news article titled: “Ultra Clean Holdings, Inc. Announces Merger Agreement with American …” with publication date: May 18, 2012.
UCTT Company Profile
Ultra Clean Holdings, Inc., incorporated on October 28, 2002, is engaged in the design, engineering and manufacture of production tools, modules and subsystems. 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. The Firm offers its products for the semiconductor capital equipment and equipment industry divisions. It also sells to the consumer, medical, energy, industrial, flat panel and research equipment industries. The Firm is focused on providing specialized engineering and manufacturing solutions for these applications.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.