Ultra Clean (NASDAQ:UCTT) Upgraded by Zacks Investment Research to Buy

Ultra Clean stock has undergone multiple analysts rating changes in the recent past.  Ultra Clean Upgraded by Zacks Investment Research on 10/30/2021. In a note to investors, the firm issued a new rating of Buy. The analysts previously had rating of Hold.

Shares of Ultra Clean traded down -$1.50 on Friday, reaching $49.57. 547563 shares of the stock traded hands, compared to its average volume of 337820. Shares of Ultra Clean were trading at $49.57 on Friday. The firm’s 50 day moving average is $44.71 and its 200 day moving average is $48.93.Ultra Clean has a 12 month low of $48.53 and a 12 month high of $65.33. While on yearly highs and lows, Ultra Clean’s today has traded high as $51.25 and has touched $48.53 on the downward trend. See More Analyst Rating at: RATING

Ultra Clean Earnings and What to expect: 

Ultra Clean last issued its earnings data on October 26th, 2021. The semiconductor company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.01 by $0.06. The company had revenue of $553.60 million for the quarter, compared to the consensus estimate of $541.53 million. Its revenue for the quarter was up 52.4% compared to the same quarter last year. Ultra Clean has generated $2.54 earnings per share over the last year ($2.13 diluted earnings per share) and currently has a price-to-earnings ratio of 23.3. Earnings for Ultra Clean are expected to grow by 10.58% in the coming year, from $3.59 to $3.97 per share. Ultra Clean has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, February 16th, 2022 based off prior year’s report dates.

Earnings for Ultra Clean are expected to grow by 10.58% in the coming year, from $3.59 to $3.97 per share. The P/E ratio of Ultra Clean is 23.27, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.98. The P/E ratio of Ultra Clean is 23.27, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 41.14. Ultra Clean has a PEG Ratio of 1.61. PEG Ratios above 1 indicate that a company could be overvalued. Ultra Clean has a P/B Ratio of 3.64. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Ultra Clean (NASDAQ:UCTT) Moving Average Technical Analysis

5 day Moving Average is $45.83 And 5 day price change is $6.36 (14.72%)  with average volume for 5 day average is 571,220. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $43.84 and 20 day price change is $6.71 (15.66%) and average 20 day moving volume is 343,170. 50 day moving average is $44.71  and 50 day price change is $9.85 ( 24.80%)  and with average volume for 50 days is : 356,866. 200 day moving average is $48.93  and 200 day price change is $9.76 (24.52%)  and with average volume for 200 days is : 546,151.

Other owners latest trading in Ultra Clean :

  • On 10/29/2021 shares held by Maryland State Retirement & Pension System were 17,422 which equates to market value of $0.75M and appx 0.00% owners of Ultra Clean
  • On 10/29/2021 shares held by Amalgamated Bank were 23,271 which equates to market value of $0.99M and appx 0.00% owners of Ultra Clean
  • On 10/29/2021 shares held by Banque Cantonale Vaudoise were 650 which equates to market value of $28K and appx 0.00% owners of Ultra Clean
  • In total Institutional ownership equates to Institutional Ownership Percentage: 80.19% for Ultra Clean

See More Analyst Rating at: RATING