Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Insider Sells $130,720.40 in Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) insider Jeffrey L. Mckibben sold 3,422 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $38.20, for a total value of $130,720.40. Following the completion of the transaction, the insider now directly owns 18,805 shares of the company’s stock, valued at $718,351. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Ultra Clean Trading Down 2.3 %

NASDAQ:UCTT traded down $0.86 on Tuesday, reaching $35.74. The stock had a trading volume of 328,906 shares, compared to its average volume of 373,558. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 457.56 and a beta of 2.08. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63. The firm’s fifty day moving average is $36.31 and its two-hundred day moving average is $41.73. Ultra Clean Holdings, Inc. has a 12-month low of $25.01 and a 12-month high of $56.47.

Ultra Clean (NASDAQ:UCTT) last posted its earnings results on Monday, October 28th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $540.40 million during the quarter, compared to the consensus estimate of $515.88 million. Ultra Clean had a net margin of 0.18% and a return on equity of 4.08%. The company’s revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.03) EPS. Equities analysts expect that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Oppenheimer assumed coverage on Ultra Clean in a research report on Wednesday, September 25th. They set an “outperform” rating and a $70.00 price target for the company. Needham & Company LLC reduced their price target on Ultra Clean from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Craig Hallum increased their price objective on Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, TD Cowen lowered their target price on Ultra Clean from $60.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $57.75.

Hedge Funds Weigh In On Ultra Clean

Several institutional investors and hedge funds have recently made changes to their positions in UCTT. Vaughan Nelson Investment Management L.P. lifted its stake in Ultra Clean by 6.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 860,798 shares of the semiconductor company’s stock worth $42,179,000 after purchasing an additional 52,075 shares during the last quarter. Comerica Bank boosted its position in Ultra Clean by 512.5% during the 1st quarter. Comerica Bank now owns 134,289 shares of the semiconductor company’s stock worth $6,169,000 after acquiring an additional 112,366 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Ultra Clean by 130.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 367,212 shares of the semiconductor company’s stock worth $14,663,000 after purchasing an additional 207,633 shares in the last quarter. Moloney Securities Asset Management LLC purchased a new stake in shares of Ultra Clean during the 3rd quarter worth about $1,048,000. Finally, Lodestar Private Asset Management LLC bought a new position in shares of Ultra Clean in the 3rd quarter valued at approximately $885,000. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

About Ultra Clean

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.