Ultra Clean Holdings (UCTT) Receives a Rating Update from a Top Analyst

Needham analyst Quinn Bolton maintained a Buy rating on Ultra Clean Holdings (UCTT) yesterday and set a price target of $15. The company’s shares closed yesterday at $12.48.

According to TipRanks.com, Bolton is a top 100 analyst with an average return of 17.7% and a 68.0% success rate. Bolton covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Quantenna Communications, and Applied Materials Inc.

Currently, the analyst consensus on Ultra Clean Holdings is a Strong Buy with an average price target of $14.33.

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Ultra Clean Holdings’ market cap is currently $480M and has a P/E ratio of 13.03. The company has a Price to Book ratio of 1.10.

Based on the recent corporate insider activity of 47 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.

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