The stock of Ultra Clean Holdings Inc (NASDAQ:UCTT) hit a new 52-week high and has $11.46 target or 32.00% above today’s $8.68 share price. The 9 months bullish chart indicates low risk for the $289.96M company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $11.46 price target is reached, the company will be worth $92.79 million 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. About 83,982 shares traded hands. Ultra Clean Holdings Inc (NASDAQ:UCTT) has risen 70.47% since April 5, 2016 and is uptrending. It has outperformed by 68.52% the S&P500.
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 11 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Friday, July 8 the stock rating was downgraded by Stifel Nicolaus to “Hold”. As per Friday, October 23, the company rating was downgraded by Craig Hallum. The stock has “Outperform” rating given by Northland Capital on Thursday, July 23. The firm has “Buy” rating given on Friday, July 24 by Craig Hallum. The firm has “Buy” rating given on Friday, July 29 by Needham. As per Tuesday, January 12, the company rating was upgraded by Craig Hallum. Needham maintained Ultra Clean Holdings Inc (NASDAQ:UCTT) on Thursday, October 27 with “Buy” rating. Dougherty & Company maintained the stock with “Buy” rating in Thursday, July 23 report. The stock has “Buy” rating given by Needham on Monday, April 18. Dougherty & Company maintained Ultra Clean Holdings Inc (NASDAQ:UCTT) rating on Friday, July 29. Dougherty & Company has “Buy” rating and $8.50 price target.
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 2016 Q2. Its down 0.21, from 1.39 in 2016Q1. The ratio is negative, 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.
Tower Research Cap Ltd (Trc), a New York-based fund reported 443 shares. Harvey Partners Ltd Llc last reported 4.16% of its portfolio in the stock. National Bank Of America Corp De has 0% invested in the company for 14,650 shares. Perritt Capital Mngmt has 90,000 shares for 0.13% of their US portfolio. First Trust Advsrs L P owns 16,826 shares or 0% of their US portfolio. Blackrock Institutional Trust Communication Na accumulated 788,986 shares or 0% of the stock. Amer Interest Incorporated holds 0% or 18,477 shares in its portfolio. The California-based Wells Fargo & Communications Mn has invested 0% in Ultra Clean Holdings Inc (NASDAQ:UCTT). The Connecticut-based Thomson Horstmann & Bryant has invested 0.64% in Ultra Clean Holdings Inc (NASDAQ:UCTT). The New Jersey-based Blackrock Invest Mgmt Lc has invested 0% in Ultra Clean Holdings Inc (NASDAQ:UCTT). Manufacturers Life Insur The last reported 0% of its portfolio in the stock. State Of New Jersey Common Pension Fund D accumulated 200,000 shares or 0.01% of the stock. Awm Invest Company holds 1.79% of its portfolio in Ultra Clean Holdings Inc (NASDAQ:UCTT) for 1.47 million shares. Rhumbline Advisers last reported 0% of its portfolio in the stock. The New York-based Bnp Paribas Arbitrage has invested 0% in Ultra Clean Holdings Inc (NASDAQ:UCTT).
Insider Transactions: Since August 19, 2016, the stock had 0 insider purchases, and 1 sale for $19,312 net activity. Brumm Sheri sold 2,811 shares worth $19,312.
More recent Ultra Clean Holdings Inc (NASDAQ:UCTT) news were published by: Zacks.com which released: “Ultra Clean Holdings (UCTT) Catches Eye: Stock Jumps 6.4%” on October 31, 2016. Also Prnewswire.com published the news titled: “Ultra Clean Holdings, Inc. Announces Acquisition of Marchi Thermal Systems, Inc.” on February 05, 2015. Prnewswire.com‘s news article titled: “UCT Announces Third Quarter Financial Results Release Date” with publication date: October 12, 2016 was also an interesting one.
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.
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