The stock of Ultra Clean Holdings Inc (NASDAQ:UCTT) hit a new 52-week high and has $20.59 target or 108.00% above today’s $9.90 share price. The 7 months bullish chart indicates low risk for the $325.44 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $20.59 price target is reached, the company will be worth $351.48 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 288,011 shares traded hands. Ultra Clean Holdings Inc (NASDAQ:UCTT) has risen 79.93% since April 19, 2016 and is uptrending. It has outperformed by 76.07% the S&P500.
Ultra Clean Holdings Inc (NASDAQ:UCTT) Ratings Coverage
Out of 6 analysts covering Ultra Clean Holdings (NASDAQ:UCTT), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Ultra Clean Holdings has been the topic of 12 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, July 8 by Stifel Nicolaus. Craig Hallum upgraded Ultra Clean Holdings Inc (NASDAQ:UCTT) on Tuesday, January 12 to “Buy” rating. The stock of Ultra Clean Holdings Inc (NASDAQ:UCTT) earned “Buy” rating by Needham on Thursday, October 27. As per Friday, July 29, the company rating was maintained by Dougherty & Company. The company was maintained on Friday, July 29 by Needham. The stock of Ultra Clean Holdings Inc (NASDAQ:UCTT) earned “Buy” rating by Needham on Monday, April 18. On Friday, October 23 the stock rating was downgraded by Craig Hallum to “Hold”. The stock has “Buy” rating given by Craig Hallum on Friday, July 24. Dougherty & Company maintained the shares of UCTT in a report on Tuesday, October 25 with “Buy” rating. The stock of Ultra Clean Holdings Inc (NASDAQ:UCTT) has “Buy” rating given on Thursday, July 23 by Dougherty & Company.
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 increased to 1.31 in Q2 2016. Its up 0.13, from 1.18 in 2016Q1. The ratio increased, 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.
D E Shaw And Co holds 0% or 348,173 shares in its portfolio. Pnc Financial Ser reported 168 shares or 0% of all its holdings. Jpmorgan Chase accumulated 0% or 1.50M shares. Blackrock Inc accumulated 17,900 shares or 0% of the stock. Vanguard Grp has 0% invested in the company for 958,066 shares. New York State Common Retirement Fund reported 28,800 shares or 0% of all its holdings. Paradigm Capital Mngmt New York owns 1.76 million shares or 1.22% of their US portfolio. Employees Retirement System Of Texas, a Texas-based fund reported 295,000 shares. Oberweis Asset Incorporated has 123,000 shares for 0.21% of their US portfolio. Goldman Sachs Grp last reported 60,070 shares in the company. Geode Cap Mngmt Limited Liability last reported 204,997 shares in the company. Royal Bank Of Canada last reported 1,000 shares in the company. Amer International Gru holds 0% of its portfolio in Ultra Clean Holdings Inc (NASDAQ:UCTT) for 18,477 shares. Moreover, Kennedy Capital has 0.05% invested in Ultra Clean Holdings Inc (NASDAQ:UCTT) for 466,573 shares. Blackrock Invest Management Ltd Limited Liability Company has 0% invested in the company for 131,197 shares.
Insider Transactions: Since August 19, 2016, the stock had 0 insider purchases, and 1 sale for $19,312 net activity. Brumm Sheri sold $19,312 worth of stock or 2,811 shares.
More recent Ultra Clean Holdings Inc (NASDAQ:UCTT) news were published by: Marketwatch.com which released: “Ultra Clean downgraded to hold from buy at Stifel Nicolaus” on December 22, 2009. 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: “Ultra Clean Holdings (UCTT) Catches Eye: Stock Jumps 6.4%” with publication date: October 31, 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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