Ultra Clean Holdings Inc. [UCTT] stock Reiterated by Cowen analyst, price target now $25

Ultra Clean Holdings Inc. [NASDAQ: UCTT] closed the trading session at $20.31 on 09/16/20. The day’s price range saw the stock hit a low of $19.53, while the highest price level was $21.10. The company report on September 14, 2020 that QuantumClean and ChemTrace Show How to Reduce Cost of Ownership at SEMICON Taiwan.

Ultra Clean Holdings, Inc. (Nasdaq: UCTT), today announced that its Service Businesses, QuantumClean and ChemTrace, will demonstrate how their ultra-high purity chamber tool part cleaning, proprietary coatings and micro-contamination analytical testing can help reduce Cost of Ownership (CoO) for wafer fabs and OEMs. QuantumClean and ChemTrace will showcase these solutions at booth I2130 at SEMICON Taiwan 2020 at the Nangang Exhibition Center in Taipei September 23 – 25, 2020.

“Customers are increasingly recognizing the advantage of our cleaning and analytical technology that optimizes productivity and helps to reduce total CoO throughout the product’s lifecycle,” said Bill Bentinck, President, UCT Semiconductor Services Business. “We are excited to demonstrate how our differentiated service offerings can improve operations by solving critical semiconductor process chamber part-related manufacturing challenges at SEMICON Taiwan.”.

The stocks have a year to date performance of -13.46 percent and weekly performance of 5.07 percent. The stock has been moved at 44.86 percent over the last six months. The stock has performed -31.96 percent around the most recent 30 days and changed -9.97 percent over the most recent 3-months.

If compared to the average trading volume of 516.53K shares, UCTT reached to a volume of 1696053 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Ultra Clean Holdings Inc. [UCTT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UCTT shares is $33.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UCTT stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Cowen have made an estimate for Ultra Clean Holdings Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on February 20, 2020. The new note on the price target was released on November 18, 2019, representing the official price target for Ultra Clean Holdings Inc. stock. On September 25, 2019, analysts decreased their price target for UCTT shares from 20 to 18.

The Average True Range (ATR) for Ultra Clean Holdings Inc. is set at 1.37, with the Price to Sales ratio for UCTT stock in the period of the last 12 months amounting to 0.69. The Price to Book ratio for the last quarter was 1.73, with the Price to Cash per share for the same quarter was set at 5.21. Price to Free Cash Flow for UCTT in the course of the last twelve months was 16.85 with Quick ratio for the last quarter at 1.60.

UCTT stock trade performance evaluation

Ultra Clean Holdings Inc. [UCTT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.07. With this latest performance, UCTT shares dropped by -31.96% in over the last four-week period, additionally plugging by 44.86% over the last 6 months – not to mention a rise of 24.68% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UCTT stock in for the last two-week period is set at 37.76, with the RSI for the last a single of trading hit 35.37, and the three-weeks RSI is set at 39.21 for Ultra Clean Holdings Inc. [UCTT]. The present Moving Average for the last 50 days of trading for this stock 24.99, while it was recorded at 19.73 for the last single week of trading, and 21.68 for the last 200 days.

Ultra Clean Holdings Inc. [UCTT]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Ultra Clean Holdings Inc. [UCTT] shares currently have an operating margin of +3.16 and a Gross Margin at +16.57. Ultra Clean Holdings Inc.’s Net Margin is presently recorded at -0.88.

Return on Total Capital for UCTT is now 4.27, given the latest momentum, and Return on Invested Capital for the company is -1.24. Return on Equity for this stock declined to -2.15, with Return on Assets sitting at -0.95. When it comes to the capital structure of this company, Ultra Clean Holdings Inc. [UCTT] has a Total Debt to Total Equity ratio set at 76.53. Additionally, UCTT Total Debt to Total Capital is recorded at 43.35, with Total Debt to Total Assets ending up at 32.79. Long-Term Debt to Equity for the company is recorded at 71.49, with the Long-Term Debt to Total Capital now at 40.50.

Reflecting on the efficiency of the workforce at the company, Ultra Clean Holdings Inc. [UCTT] managed to generate an average of -$2,136 per employee. Receivables Turnover for the company is 9.71 with a Total Asset Turnover recorded at a value of 1.07.Ultra Clean Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 2.50.

Earnings per share (EPS) analysis for Ultra Clean Holdings Inc. [UCTT] stock

With the latest financial reports released by the company, Ultra Clean Holdings Inc. posted 0.21/share EPS, while the average EPS was predicted by analysts to be reported at 0.16/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 31.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for UCTT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ultra Clean Holdings Inc. go to 20.00%.

Ultra Clean Holdings Inc. [UCTT]: Insider Ownership positions

There are presently around $693 million, or 92.60% of UCTT stock, in the hands of institutional investors. The top three institutional holders of UCTT stocks are: BLACKROCK INC. with ownership of 5,966,699, which is approximately 1.257% of the company’s market cap and around 3.20% of the total institutional ownership; VANGUARD GROUP INC, holding 2,714,652 shares of the stock with an approximate value of $55.13 million in UCTT stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $54.53 million in UCTT stock with ownership of nearly -12.535% of the company’s market capitalization.

Positions in Ultra Clean Holdings Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 111 institutional holders increased their position in Ultra Clean Holdings Inc. [NASDAQ:UCTT] by around 3,839,545 shares. Additionally, 93 investors decreased positions by around 4,626,892 shares, while 30 investors held positions by with 25,676,089 shares. The mentioned changes placed institutional holdings at 34,142,526 shares, according to the latest SEC report filing. UCTT stock had 45 new institutional investments in for a total of 1,984,270 shares, while 26 institutional investors sold positions of 821,918 shares during the same period.

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