Ultra Clean Holdings, Inc. (NASDAQ:UCTT) CFO Sells $1,142,830.78 in Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) CFO Sheri Savage sold 22,334 shares of the company’s stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $51.17, for a total value of $1,142,830.78.

Sheri Savage also recently made the following trade(s):

  • On Thursday, April 1st, Sheri Savage sold 7,446 shares of Ultra Clean stock. The stock was sold at an average price of $61.52, for a total transaction of $458,077.92.

Ultra Clean stock traded down $2.27 during midday trading on Tuesday, hitting $48.05. 994,730 shares of the company’s stock were exchanged, compared to its average volume of 686,095. Ultra Clean Holdings, Inc. has a 12 month low of $16.84 and a 12 month high of $65.33. The firm has a 50-day moving average of $55.17 and a two-hundred day moving average of $40.76. The company has a market cap of $1.95 billion, a PE ratio of 44.49, a P/E/G ratio of 1.71 and a beta of 1.98. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.73 and a current ratio of 2.63.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings data on Tuesday, April 27th. The semiconductor company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.85 by $0.07. The business had revenue of $417.63 million for the quarter, compared to the consensus estimate of $390.80 million. Ultra Clean had a net margin of 3.40% and a return on equity of 18.22%. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. As a group, equities analysts expect that Ultra Clean Holdings, Inc. will post 2.42 earnings per share for the current year.

Institutional investors have recently modified their holdings of the stock. Swedbank purchased a new stake in shares of Ultra Clean during the fourth quarter worth approximately $103,983,000. BlackRock Inc. boosted its position in shares of Ultra Clean by 13.6% during the 4th quarter. BlackRock Inc. now owns 6,917,582 shares of the semiconductor company’s stock valued at $215,481,000 after acquiring an additional 830,322 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Ultra Clean by 643.7% during the 1st quarter. Victory Capital Management Inc. now owns 215,046 shares of the semiconductor company’s stock valued at $12,481,000 after buying an additional 186,132 shares during the period. Hennessy Advisors Inc. purchased a new stake in Ultra Clean in the first quarter valued at $4,132,000. Finally, Royce & Associates LP raised its holdings in Ultra Clean by 8.4% in the 4th quarter. Royce & Associates LP now owns 899,761 shares of the semiconductor company’s stock valued at $28,028,000 after buying an additional 69,500 shares during the period. 79.89% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on UCTT. Needham & Company LLC lifted their price target on shares of Ultra Clean from $55.00 to $66.00 and gave the company a “buy” rating in a report on Monday, April 19th. Craig Hallum lifted their price target on Ultra Clean from $47.00 to $69.00 and gave the stock a “buy” rating in a research report on Thursday, February 18th. Cowen raised their price objective on Ultra Clean from $57.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, April 14th. DA Davidson increased their price target on Ultra Clean from $62.00 to $70.00 in a report on Tuesday, April 20th. Finally, Stifel Nicolaus raised their target price on shares of Ultra Clean from $65.00 to $71.00 and gave the stock a “buy” rating in a report on Thursday, April 29th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Ultra Clean has an average rating of “Buy” and an average price target of $60.67.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc designs, engineers, and manufactures production tools, modules, and subsystems for the semiconductor and display capital equipment markets in the United States and internationally. The company provides subsystems, such as wafer cleaning modules; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; frame assemblies; process modules, a subsystems of semiconductor manufacturing tools that process integrated circuits onto wafers; and top-plate assemblies.

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