Ultra Clean Holdings, Inc. (NASDAQ:UCTT) COO Purchases $522,450.00 in Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) COO Harjinder Bajwa purchased 15,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were purchased at an average cost of $34.83 per share, with a total value of $522,450.00. Following the completion of the purchase, the chief operating officer now directly owns 44,291 shares in the company, valued at approximately $1,542,655.53. This represents a 51.21 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, October 31st, Harjinder Bajwa acquired 2,500 shares of Ultra Clean stock. The stock was acquired at an average cost of $33.33 per share, with a total value of $83,325.00.

Ultra Clean Price Performance

Shares of NASDAQ:UCTT opened at $33.97 on Friday. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 424.68 and a beta of 2.08. The business has a 50 day moving average price of $36.38 and a 200 day moving average price of $41.54. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. Ultra Clean Holdings, Inc. has a twelve month low of $25.65 and a twelve month high of $56.47.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $540.40 million during the quarter, compared to analysts’ expectations of $515.88 million. Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. Ultra Clean’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.03) earnings per share. Research analysts predict that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Trading of Ultra Clean

Several hedge funds and other institutional investors have recently bought and sold shares of UCTT. GAMMA Investing LLC lifted its stake in shares of Ultra Clean by 52.1% in the second 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 period. Signaturefd LLC raised its holdings in 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 acquiring an additional 661 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Ultra Clean in the 3rd quarter worth approximately $32,000. CWM LLC grew its holdings in shares of Ultra Clean by 46.3% during the 2nd quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 253 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Ultra Clean during the second quarter valued at approximately $41,000. 96.06% of the stock is currently owned by institutional investors and hedge funds.

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.