Are Analysts Bearish Ultra Clean Holdings, Inc. (NASDAQ:UCTT) After Last Week?

Elias Hubbard
December 5, 2017

Insiders own 2.60% of the company's stock. GrubHub Inc. (NYSE:GRUB) has risen 94.22% since December 4, 2016 and is uptrending. It has underperformed by 16.88% the S&P500. Ultra Clean had a return on equity of 28.77% and a net margin of 7.55%. Therefore 62% are positive.

Cowen & Co. "Initiates Coverage On" Ultra Clean Holdings (NASDAQ:UCTT) in a research note issued to investors on 6/15/17 to Market Perform with price target of $26. (NASDAQ:UCTT), on the other hand, is up 110.41% year to date as of 12/01/2017. Dougherty & Company has "Buy" rating and $9.50 target. The firm earned "Buy" rating on Thursday, October 26 by Needham. Ultra Clean has a 1 year low of $9.25 and a 1 year high of $34.59. (NASDAQ:UCTT) rating on Tuesday, October 25. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Needham & Company LLC boosted their target price on shares of Ultra Clean Holdings from $18.00 to $22.00 and gave the stock a "buy" rating in a report on Thursday, April 27th. Canaccord Genuity maintained the shares of GRUB in report on Friday, July 29 with "Buy" rating. As per Friday, July 24, the company rating was upgraded by Craig Hallum. The firm has "Buy" rating by Needham given on Tuesday, January 10. The stock has an average rating of "Buy" and an average price target of $30.67. Cowen & Co maintained it with "Hold" rating and $2600 target in Thursday, July 27 report.

Investors sentiment decreased to 1.14 in 2017 Q2.

Ownership at Ultra Clean Holdings, Inc. 34 funds opened positions while 38 raised stakes. Hillsdale Invest Management holds 0.25% or 68,600 shares. Delphi Mngmt Ma accumulated 78,836 shares.

Ratings analysis reveals 67% of Ultra Clean Holdings's analysts are positive. (NASDAQ:UCTT). Bnp Paribas Arbitrage reported 84,762 shares. Paradigm Asset reported 7,000 shares stake. Goldman Sachs reported 102,131 shares. Da Davidson holds 0% in Penske Automotive Group, Inc. Investment Advisors Lp has invested 1.78% in the stock.

Meanwhile, during the same quarter Ultra Clean Holdings, Inc. (NASDAQ:UCTT) for 679,332 shares. (NASDAQ:UCTT). Numeric Ltd Limited Liability Company reported 193,702 shares.

Usa Fincl Portformulas holds 42,803 shares. Axa reported 121,000 shares. (NYSE:PAG). Gilder Gagnon Howe Ltd Liability Com holds 0.05% in Penske Automotive Group, Inc.

The stock decreased 2.72% or $0.57 during the last trading session, reaching $20.41. About 1.54 million shares traded or 8.35% up from the average. Chicago Equity Ptnrs Lc reported 0.05% of its portfolio in Ultra Clean Holdings, Inc. It has outperformed by 3.75% the S&P500.

Ultra Clean Holdings, Inc. designs, develops, prototypes, engineers, makes, and tests production tools, modules, and subsystems for the semiconductor capital equipment and equipment industry divisions primarily in North America, Asia, and Europe. The company has market cap of $4.18 billion. It has a 15.18 P/E ratio. 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.

Since June 5, 2017, it had 0 insider purchases, and 1 sale for $150,000 activity. (NASDAQ:UCTT) was sold by D'Ercole Ronald on Wednesday, May 31. 36,743 shares valued at $857,677 were sold by Bingaman Mark on Monday, June 5. About 13.55M shares traded.

Analysts await Enterprise Products Partners L.P. (NYSE:EPD) to report earnings on January, 29. In taking a look at recent performance, we can see that shares have moved -17.13% over the past week, 0.00% over the past 4-weeks, 300.00% over the past half year and 2900.00% over the past full year. UCTT's profit will be $20.15 million for 8.50 P/E if the $0.60 EPS becomes a reality. The consensus mean EPS for the current quarter is at $0.6 derived from a total of 5 estimates from the analysts who have weighed in on projected earnings. Pacific Ridge Capital Partners Llc sold 152,820 shares as Ultra Clean Holdings (UCTT)'s stock rose 77.11%.

UCTT has been the subject of a number of research analyst reports. The stock has "Buy" rating by Deutsche Bank on Monday, October 10. The firm earned "Buy" rating on Thursday, August 6 by TH Capital. Credit Suisse Ag has 30,943 shares.

The ability to consistently grow earnings at a high compound rate is a defining characteristic of the best companies for long-term investment. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. The rating was upgraded by Northland Capital on Thursday, July 23 to "Outperform". Jefferies maintained the stock with "Buy" rating in Friday, September 1 report.

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