Research analysts at ThinkEquity started coverage on shares of Ultra Clean Holdings (NASDAQ: UCTT) in a report issued on Friday. They set a “buy” rating and a $10.00 price target on the stock.
Separately, analysts at Needham & Company reiterated a “buy” rating on shares of Ultra Clean Holdings in a research note to investors on Thursday, January 12nd.
Ultra Clean Holdings, Inc. is a developer and supplier of critical subsystems, primarily for the semiconductor capital equipment industry. The Company also uses the specialized skill sets required to support semiconductor capital equipment to serve the technologically similar markets in the flat panel, medical, energy and research industries, collectively referred to as other addressed industries. The Company develops, designs, prototypes, engineers, manufactures and tests subsystems, which are highly specialized and tailored to specific steps in the semiconductor manufacturing process, as well as the manufacturing processes in other addressed industries. Its revenue is derived from the sale of gas delivery systems and other critical subsystems, including chemical mechanical planarization (CMP) subsystems, chemical delivery modules, top-plate assemblies, frame assemblies, process modules and other high-level assemblies.
Shares of Ultra Clean Holdings opened at 7.27 on Friday. Ultra Clean Holdings has a 52 week low of $3.77 and a 52 week high of $13.62. The stock’s 50-day moving average is $6.22 and its 200-day moving average is $5.82. The company has a market cap of $165.8 million and a P/E ratio of 8.64.