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 stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $38.20, for a total transaction of $130,720.40. Following the completion of the sale, the insider now owns 18,805 shares of the company’s stock, valued at approximately $718,351. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Ultra Clean Price Performance

NASDAQ:UCTT traded down $0.86 during mid-day trading on Tuesday, hitting $35.74. 328,906 shares of the stock traded hands, compared to its average volume of 373,558. Ultra Clean Holdings, Inc. has a 12-month low of $25.01 and a 12-month high of $56.47. The company has a market cap of $1.61 billion, a PE ratio of 457.56 and a beta of 2.08. 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’s 50-day moving average price is $36.31 and its 200 day moving average price is $41.73.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings data 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 net margin of 0.18% and a return on equity of 4.08%. The firm had revenue of $540.40 million during the quarter, compared to analyst estimates of $515.88 million. During the same period in the previous year, the business posted ($0.03) EPS. The business’s quarterly revenue was up 24.2% on a year-over-year basis. On average, analysts expect that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on UCTT shares. Craig Hallum boosted their target price on shares of Ultra Clean from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Needham & Company LLC dropped their price target on shares of Ultra Clean from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Oppenheimer initiated coverage on shares of Ultra Clean in a research report on Wednesday, September 25th. They set an “outperform” rating and a $70.00 price target on the stock. Finally, TD Cowen reduced their target price on shares of Ultra Clean from $60.00 to $57.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $57.75.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. lifted its stake in Ultra Clean by 6.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 860,798 shares of the semiconductor company’s stock valued at $42,179,000 after acquiring an additional 52,075 shares during the period. Comerica Bank lifted its stake in shares of Ultra Clean by 512.5% in the 1st quarter. Comerica Bank now owns 134,289 shares of the semiconductor company’s stock worth $6,169,000 after purchasing an additional 112,366 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Ultra Clean by 130.1% in 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 during the period. Moloney Securities Asset Management LLC purchased a new stake in Ultra Clean in the 3rd quarter worth approximately $1,048,000. Finally, Lodestar Private Asset Management LLC purchased a new stake in Ultra Clean in the 3rd quarter worth approximately $885,000. 96.06% of the stock is owned by hedge funds and other institutional investors.

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.