After Needham and Craig-Hallum gave Ultra Clean Holdings (NASDAQ: UCTT) a Buy rating last month, the company received another Buy, this time from Cowen & Co. Analyst Karl Ackerman maintained a Buy rating on Ultra Clean Holdings today and set a price target of $20. The company’s shares opened today at $14.49.
According to TipRanks.com, Ackerman is a 3-star analyst with an average return of 4.5% and a 47.5% success rate. Ackerman covers the Consumer Goods sector, focusing on stocks such as Pure Storage Inc, Marvell, and Micron.
Currently, the analyst consensus on Ultra Clean Holdings is a Strong Buy with an average price target of $17, implying a 17.3% upside from current levels. In a report released today, Craig-Hallum also maintained a Buy rating on the stock with a $16 price target.
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The company has a one-year high of $19.09 and a one-year low of $6.94. Currently, Ultra Clean Holdings has an average volume of 518K.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock.
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Ultra Clean Holdings, Inc. engages in the design, and manufacture of production tools, modules and subsystems for the semiconductor capital equipment industry. Its products include engineering, new product introductory (NPI), supply chain management, chemical and gas delivery, metal fabrication, precision machining, system integration, and thermal control.
