Media stories about Ultra Clean (NASDAQ:UCTT) have trended somewhat positive on Thursday, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ultra Clean earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 45.0225547566294 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Ultra Clean (UCTT) Upgraded to “Sell” by BidaskClub (americanbankingnews.com)
- Ultra Clean (UCTT) to Release Earnings on Wednesday (americanbankingnews.com)
- Ultra Clean Holdings Inc (UCTT) Insider Sells $683,354.00 in Stock (americanbankingnews.com)
- Investors Are Undervaluing Ultra Clean Holdings Inc (NASDAQ:UCTT) By 33% (finance.yahoo.com)
- Contrasting Ultra Clean (UCTT) and Mellanox Technologies (MLNX) (americanbankingnews.com)
NASDAQ:UCTT opened at $17.80 on Thursday. The stock has a market cap of $743.23, a PE ratio of 7.70, a price-to-earnings-growth ratio of 0.60 and a beta of 0.89. Ultra Clean has a 52 week low of $15.71 and a 52 week high of $34.59. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.82 and a current ratio of 1.97.
Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.01). Ultra Clean had a net margin of 8.12% and a return on equity of 29.62%. The company had revenue of $248.89 million during the quarter, compared to analysts’ expectations of $248.73 million. During the same period in the prior year, the business posted $0.36 earnings per share. The company’s quarterly revenue was up 42.6% compared to the same quarter last year. analysts expect that Ultra Clean will post 2.3 EPS for the current fiscal year.
A number of analysts have weighed in on the company. BidaskClub upgraded Ultra Clean from a “strong sell” rating to a “sell” rating in a report on Wednesday. Cowen reiterated a “hold” rating and set a $28.00 price objective (down previously from $32.00) on shares of Ultra Clean in a report on Thursday, February 22nd. Zacks Investment Research upgraded Ultra Clean from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 7th. Finally, ValuEngine lowered Ultra Clean from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $31.33.
In related news, SVP William Joe Williams sold 14,203 shares of Ultra Clean stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $19.15, for a total value of $271,987.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James P. Scholhamer sold 29,949 shares of Ultra Clean stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $27.05, for a total transaction of $810,120.45. Following the completion of the sale, the chief executive officer now owns 336,028 shares of the company’s stock, valued at approximately $9,089,557.40. The disclosure for this sale can be found here. Insiders sold a total of 127,934 shares of company stock worth $2,811,447 over the last three months. Corporate insiders own 2.60% of the company’s stock.
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Ultra Clean Company Profile
Ultra Clean Holdings, Inc designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products.
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