Price Change to Note: After Today’s Significant Increase, Is Ultra Clean Holdings Inc’s Near-Term Analysis Positive?

Price Change to Note: After Today's Significant Increase, Is Ultra Clean Holdings Inc's Near Term Analysis Positive?

The stock of Ultra Clean Holdings Inc (NASDAQ:UCTT) is a huge mover today! About 286,244 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.
The move comes after 8 months positive chart setup for the $305.67M company. It was reported on Nov, 8 by Barchart.com. We have $21.50 PT which if reached, will make NASDAQ:UCTT worth $418.77 million more.

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. The firm has “Buy” rating by Dougherty & Company given on Tuesday, October 25. The firm has “Buy” rating given on Thursday, July 23 by Dougherty & Company. On Monday, April 18 the stock rating was upgraded by Needham to “Buy”. As per Friday, July 24, the company rating was upgraded by Craig Hallum. The rating was maintained by Needham on Friday, July 29 with “Buy”. On Friday, July 8 the stock rating was downgraded by Stifel Nicolaus to “Hold”. Craig Hallum upgraded Ultra Clean Holdings Inc (NASDAQ:UCTT) on Tuesday, January 12 to “Buy” rating. Needham maintained Ultra Clean Holdings Inc (NASDAQ:UCTT) on Thursday, October 27 with “Buy” rating. Northland Capital upgraded the stock to “Outperform” rating in Thursday, July 23 report. Craig Hallum downgraded Ultra Clean Holdings Inc (NASDAQ:UCTT) on Friday, October 23 to “Hold” rating.

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.
Morgan Stanley last reported 23,226 shares in the company. Tower Research Cap Lc (Trc), a New York-based fund reported 443 shares. Blackrock last reported 0% of its portfolio in the stock. Citadel Advisors Limited Liability, a Illinois-based fund reported 18,092 shares. Jacobs Levy Equity Mgmt Inc holds 0.01% of its portfolio in Ultra Clean Holdings Inc (NASDAQ:UCTT) for 77,499 shares. State Street Corp accumulated 0% or 416,084 shares. Alexandria Ltd last reported 5,100 shares in the company. Moreover, Prudential has 0% invested in Ultra Clean Holdings Inc (NASDAQ:UCTT) for 22,790 shares. Renaissance Technology Limited Liability has 200,266 shares for 0% of their US portfolio. Needham Invest Llc holds 356,700 shares or 0.56% of its portfolio. Nationwide Fund accumulated 199,118 shares or 0% of the stock. Oxford Asset Mngmt accumulated 36,727 shares or 0.01% of the stock. Tiaa Cref Inv Mgmt Limited Liability last reported 112,636 shares in the company. Invesco Ltd last reported 0% of its portfolio in the stock. Cutter And Com Brokerage holds 0.08% or 32,375 shares in its portfolio.

Insider Transactions: Since August 19, 2016, the stock had 0 buys, and 1 insider sale for $19,312 net activity. Brumm Sheri sold $19,312 worth of Ultra Clean Holdings Inc (NASDAQ:UCTT) on Friday, August 19.

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. Zacks.com‘s news article titled: “Why You Shouldn’t Bet Against Ultra Clean Holdings (UCTT) Stock” with publication date: March 10, 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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