The Stock Of The Week: Ultra Clean Holdings Inc. (UCTT)

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As of Wednesday close, Ultra Clean Holdings Inc.’s (NASDAQ:UCTT) stock was up $0.67, moving up 1.98 percent to $34.50. The average number of shares traded per day over the past five days has been 162,440 shares. 2 times new highs have been achieved over the past 5 days, with a $1.38 gain in that time frame. In the last twenty days, the average volume was 292,545, while in the previous 50 days, it was 275,052.

Since last month, UCTT stock rose 21.74%. Shares of the company fell to $27.17 on 10/24/22, the lowest level in the past month. A 52-week high of $60.49 was reached on 01/04/22 after having rallying from a 52-week low of $23.32. Since the beginning of this year, UCTT’s stock price has dropped by -39.85% or -$22.86, and marked a new high 2 times. However, the stock has declined by -42.97% since its 52-week high.


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UCTT stock investors should be aware that Ultra Clean Holdings Inc. (UCTT) stock had its last reported insider trading activity 13 days ago on Nov 11. Palfrey Jamie J., the SVP, Global Human Resources of the company, disposed of 1,151 shares for $34.74 on Nov 11. It resulted in a $39,986 divestment by the insider. Chinnasami Vijayan S. sold 5,000 shares at an average price of $35.08 on Nov 11. The insider now owns 162,570 shares following the transaction. On Nov 03, General Counsel and Secretary Cho Paul Yoonku sold 2,949 shares at $29.41 apiece. The transaction was valued at $86,732.

Valuation Metrics

Right now, Ultra Clean Holdings Inc. (UCTT) has a P/E ratio of about 27.64. The stock’s beta is 1.99. Besides these, the trailing price-to-sales (P/S) ratio of 0.65, the price-to-book (PB) ratio of 1.83, and the price-to-cash flow ratio of 36.26 may also be considered.

Financial Health

In the three months ended September 29, Ultra Clean Holdings Inc.’s quick ratio stood at 1.80, while its current ratio was 2.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.59, and the total debt-to-equity ratio was 0.62. On the profitability front, the trailing twelve-month gross margin is 20.00% percent. In the year ended September 29, operating margins totaled 5.70%. Based on annual data, UCTT earned $430.0 million in gross profit and brought in $2.1 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.80%. Return on equity (ROE) for the past 12 months was 6.80%.

In Ultra Clean Holdings Inc.’s quarter-end financial report for September 29, it reported total debt of $509.2 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. UCTT’s revenue rose 12.8% to $608.7 million during the quarter, while net income inched up to $635.0 million. While analysts expected Ultra Clean Holdings Inc. to report $1.06 quarterly earnings, the actual figure was $1.06 per share. During the quarter, the company generated $54.4 million in EBITDA. The liabilities of Ultra Clean Holdings Inc. were 1.05 billion at the end of its most recent quarter ended September 29. The value of shareholders’ equity is $45.5 million.

Technical Picture

This quick technical analysis looks at Ultra Clean Holdings Inc.’s (UCTT) price momentum. With a historical volatility rate of 34.42%, the RSI 9-day stood at 62.73% on 23 November.

With respect to its five-day moving average, the current Ultra Clean Holdings Inc. price is up by +4.17% percent or $1.38. At present, UCTT shares trade +19.17% above its 20-day simple moving average and +26.51% percent above its 100-day simple moving average. However, the stock is currently trading approximately +23.61% above its SMA50 and -31.70% below its SMA200.

Stochastic coefficient K was 68.58% and Stochastic coefficient D was 67.08%, while ATR was 1.41. Given the Stochastic reading of 75.00% for the 14-day period, the RSI (14) reading has been calculated as 61.66%. As of today, the MACD Oscillator reading stands at -0.17, while the 14-day reading stands at 0.33.

Analyst Ratings

Needham reiterated its a Buy rating on Ultra Clean Holdings Inc. (NASDAQ: UCTT) in a note to investors. The analysts firm has however raised their price target to $66, representing a possible 37.27% increase in the stock price. Ultra Clean Holdings Inc. (UCTT) has been rated Buy by analysts. According to 0 brokerage firms, UCTT is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Ultra Clean Holdings Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $37.00, the current consensus forecast for the stock is $34.00 – $44.00. Based on these forecasts, analysts predict Ultra Clean Holdings Inc. (UCTT) will achieve an average price target of $38.00.

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