The stock of Ultra Clean Holdings Inc (NASDAQ:UCTT) is a huge mover today! About 714,689 shares traded hands or 77.46% up from the average. Ultra Clean Holdings Inc (NASDAQ:UCTT) has risen 88.57% since April 13, 2016 and is uptrending. It has outperformed by 84.64% the S&P500.
The move comes after 8 months negative chart setup for the $303.45 million company. It was reported on Nov, 15 by Barchart.com. We have $7.81 PT which if reached, will make NASDAQ:UCTT worth $39.45 million less.
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. As per Friday, October 23, the company rating was downgraded by Craig Hallum. As per Friday, July 24, the company rating was upgraded by Craig Hallum. The firm has “Buy” rating given on Tuesday, January 12 by Craig Hallum. Needham maintained Ultra Clean Holdings Inc (NASDAQ:UCTT) on Thursday, October 27 with “Buy” rating. The company was maintained on Friday, July 29 by Needham. The stock of Ultra Clean Holdings Inc (NASDAQ:UCTT) has “Buy” rating given on Thursday, July 23 by Dougherty & Company. The rating was maintained by Dougherty & Company with “Buy” on Tuesday, October 25. The stock of Ultra Clean Holdings Inc (NASDAQ:UCTT) has “Buy” rating given on Monday, April 18 by Needham. The company was downgraded on Friday, July 8 by Stifel Nicolaus. The firm earned “Outperform” rating on Thursday, July 23 by Northland Capital.
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 dived, 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.
Coe Mngmt Limited Liability Company owns 132,306 shares or 0% of their US portfolio. Cornerstone Capital Management Hldg Ltd Llc, a New York-based fund reported 78,403 shares. Deutsche Comml Bank Ag has 0% invested in the company for 197,007 shares. Bankshares Of America De accumulated 14,650 shares or 0% of the stock. Moreover, Art Advisors Ltd Liability Corp has 0.01% invested in Ultra Clean Holdings Inc (NASDAQ:UCTT) for 23,129 shares. Metropolitan Life Ins Co New York has 24,875 shares for 0% of their US portfolio. Blackrock Incorporated, a New York-based fund reported 17,900 shares. Jpmorgan Chase & accumulated 0% or 1.50M shares. Credit Suisse Ag holds 0% of its portfolio in Ultra Clean Holdings Inc (NASDAQ:UCTT) for 24,104 shares. Legal And General Grp Public Ltd has 0% invested in the company for 5,706 shares. Blackrock Limited Liability last reported 16,869 shares in the company. Employees Retirement Of Texas has invested 0.02% of its portfolio in Ultra Clean Holdings Inc (NASDAQ:UCTT). Alexandria Limited Liability Corporation has invested 0.01% of its portfolio in Ultra Clean Holdings Inc (NASDAQ:UCTT). Moreover, Schwab Charles Invest Management has 0% invested in Ultra Clean Holdings Inc (NASDAQ:UCTT) for 43,300 shares. Moreover, Needham Mngmt Lc has 0.56% invested in Ultra Clean Holdings Inc (NASDAQ:UCTT) for 356,700 shares.
Insider Transactions: Since August 19, 2016, the stock had 0 insider purchases, and 1 insider sale for $19,312 net activity. Brumm Sheri also sold $19,312 worth of Ultra Clean Holdings Inc (NASDAQ:UCTT) shares.
Another recent and important Ultra Clean Holdings Inc (NASDAQ:UCTT) news was published by Zacks.com which published an article titled: “Ultra Clean Holdings (UCTT) Catches Eye: Stock Jumps 6.4%” on October 31, 2016.
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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