Ultra Clean Holdings Inc (UCTT) is Upgraded by Needham to Buy, Price Target at $7

Ultra Clean Holdings Inc (UCTT) was Upgraded by Needham to ” Buy” and the brokerage firm has set the Price Target at $7. Earlier the firm had a rating of “Hold ” on the company shares. Needham advised their investors in a research report released on Apr 18, 2016.

On the company’s financial health, Ultra Clean Holdings Inc reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $-0.02. The company had revenue of $103.42 million for the quarter, compared to analysts expectations of $102.10 million. The company’s revenue was down -13.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.15 EPS.

Ultra Clean Holdings Inc closed down -0.04 points or -0.77% at $5.16 with 44,090 shares getting traded on Friday. Post opening the session at $5.16, the shares hit an intraday low of $5.14 and an intraday high of $5.22 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Oct 30, 2015, Kevin C Eichler (CFO) purchased 5,000 shares at $4.75 per share price. According to the SEC, on Jul 28, 2015, Bruce C Wier (SVP, Engineering) sold 381 shares at $7.15 per share price. On Jul 28, 2015, Mark Bingaman (officer ) sold 462 shares at $7.15 per share price, according to the Form-4 filing with the securities and exchange commission.

Ultra Clean Holdings Inc. is a developer manufacturer and supplier of subsystems for original equipment manufacturers (OEMs) in the semiconductor capital equipment industry. The Company serves various markets including consumer medical energy industrial flat panel and research industries. It offers engineering and manufacturing solutions for the development design component sourcing prototyping engineering manufacturing and testing of advanced systems design-to-delivery cycle times and component neutral design among others. Its products include precision robotic solutions gas delivery systems a range of industrial and automation production equipment products and subsystems that include chemical mechanical planarization modules chemical delivery modules top-plate assemblies frame assemblies and process modules. It also offers fluid systems used for various wet processing steps such as cleaning chemical mechanical polishing and electrochemical deposition.

Ultra Clean Holdings Inc

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