Insider Buying: Ultra Clean Holdings, Inc. (NASDAQ:UCTT) COO Purchases 10,000 Shares of Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) COO Harjinder Bajwa purchased 10,000 shares of Ultra Clean stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average price of $33.75 per share, for a total transaction of $337,500.00. Following the transaction, the chief operating officer now owns 54,291 shares in the company, valued at $1,832,321.25. This represents a 22.58 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Harjinder Bajwa also recently made the following trade(s):

• On Wednesday, November 13th, Harjinder Bajwa purchased 15,000 shares of Ultra Clean stock. The shares were bought at an average price of $34.83 per share, for a total transaction of $522,450.00.
• On Thursday, October 31st, Harjinder Bajwa purchased 2,500 shares of Ultra Clean stock. The shares were bought at an average price of $33.33 per share, for a total transaction of $83,325.00.

Ultra Clean Trading Up 0.7 %

NASDAQ:UCTT opened at $35.45 on Wednesday. Ultra Clean Holdings, Inc. has a twelve month low of $25.65 and a twelve month high of $56.47. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. The business has a 50 day moving average price of $36.47 and a two-hundred day moving average price of $41.46. The company has a market cap of $1.60 billion, a P/E ratio of 443.18 and a beta of 2.08.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Ultra Clean

A number of large investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Ultra Clean by 52.1% in the 2nd quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 213 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Ultra Clean by 465.5% in the 3rd quarter. Signaturefd LLC now owns 803 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 661 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ultra Clean in the 3rd quarter valued at approximately $32,000. CWM LLC boosted its holdings in shares of Ultra Clean by 46.3% in the 2nd quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 253 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Ultra Clean in the 2nd quarter valued at approximately $41,000. Institutional investors and hedge funds own 96.06% of the company’s stock.

Ultra Clean Company Profile

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.