Ultra Clean Holdings, Inc. (NASDAQ:UCTT) CAO Brian E. Harding Sells 11,000 Shares of Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTTGet Free Report) CAO Brian E. Harding sold 11,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $43.89, for a total transaction of $482,790.00. Following the completion of the transaction, the chief accounting officer now owns 37,415 shares of the company’s stock, valued at $1,642,144.35. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Ultra Clean Stock Performance

NASDAQ UCTT opened at $43.96 on Wednesday. Ultra Clean Holdings, Inc. has a twelve month low of $22.15 and a twelve month high of $49.25. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.76 and a quick ratio of 1.58. The business’s fifty day moving average is $43.71 and its 200 day moving average is $37.26.

Ultra Clean (NASDAQ:UCTTGet Free Report) last released its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $0.12 earnings per share for the quarter. The company had revenue of $444.80 million for the quarter, compared to analysts’ expectations of $444.99 million. Ultra Clean had a positive return on equity of 2.19% and a negative net margin of 2.09%.

Hedge Funds Weigh In On Ultra Clean

Hedge funds have recently modified their holdings of the business. CANADA LIFE ASSURANCE Co lifted its stake in shares of Ultra Clean by 1.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 43,842 shares of the semiconductor company’s stock worth $2,012,000 after acquiring an additional 833 shares during the period. UniSuper Management Pty Ltd bought a new stake in shares of Ultra Clean in the 1st quarter valued at $467,000. ProShare Advisors LLC increased its position in shares of Ultra Clean by 13.4% during the first quarter. ProShare Advisors LLC now owns 12,333 shares of the semiconductor company’s stock worth $567,000 after buying an additional 1,455 shares during the period. Texas Permanent School Fund Corp raised its stake in Ultra Clean by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 39,236 shares of the semiconductor company’s stock worth $1,803,000 after buying an additional 525 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Ultra Clean by 32.2% during the 1st quarter. BNP Paribas Financial Markets now owns 29,679 shares of the semiconductor company’s stock worth $1,363,000 after acquiring an additional 7,233 shares during the period. Institutional investors and hedge funds own 96.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on UCTT shares. TD Cowen boosted their price objective on shares of Ultra Clean from $47.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Needham & Company LLC increased their target price on shares of Ultra Clean from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Get Our Latest Analysis on UCTT

Ultra Clean Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Ultra Clean (NASDAQ:UCTT)

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