Ultra Clean Holdings Inc (UCTT) is Reiterated by Dougherty & Company to Buy, Raises Price Target to $ 8.50

Ultra Clean Holdings Inc (UCTT) was Reiterated by Dougherty & Company to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 8.50 from a previous price target of $7.50 . Dougherty & Company advised their investors in a research report released on Jul 29, 2016.

Many Wall Street Analysts have commented on Ultra Clean Holdings Inc. Ultra Clean Holdings Inc was Downgraded by Stifel to ” Hold” on Jul 8, 2016.

On the company’s financial health, Ultra Clean Holdings Inc reported $0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.08. The company had revenue of $129.83 million for the quarter, compared to analysts expectations of $125.16 million. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Ultra Clean Holdings Inc opened for trading at $6.12 and hit $6.2 on the upside on Thursday, eventually ending the session at $6.18, with a gain of 0.82% or 0.05 points. The heightened volatility saw the trading volume jump to 1,03,773 shares. Company has a market cap of $201 M.

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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