Jeffrey L. Mckibben Sells 3,422 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) insider Jeffrey L. Mckibben sold 3,422 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $38.20, for a total value of $130,720.40. Following the completion of the transaction, the insider now owns 18,805 shares of the company’s stock, valued at $718,351. The trade was a 15.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Ultra Clean Stock Up 0.8 %

Shares of NASDAQ:UCTT opened at $35.10 on Friday. The firm has a market capitalization of $1.58 billion, a PE ratio of 438.80 and a beta of 2.08. Ultra Clean Holdings, Inc. has a 1 year low of $25.65 and a 1 year high of $56.47. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63. The firm’s 50-day moving average is $36.36 and its two-hundred day moving average is $41.60.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. TD Cowen reduced their price objective on shares of Ultra Clean from $60.00 to $57.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Needham & Company LLC decreased their price objective on shares of Ultra Clean from $50.00 to $44.00 and set a “buy” rating on the stock in a 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 objective for the company. Finally, Craig Hallum boosted their target price on Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ultra Clean presently has a consensus rating of “Buy” and a consensus price target of $57.75.

Institutional Investors Weigh In On Ultra Clean

A number of hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of Ultra Clean during the 1st quarter worth about $96,000. BNP Paribas Financial Markets boosted its stake in Ultra Clean by 32.2% in the first quarter. BNP Paribas Financial Markets now owns 29,679 shares of the semiconductor company’s stock valued at $1,363,000 after acquiring an additional 7,233 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of 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 purchasing an additional 525 shares during the last quarter. 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 purchasing an additional 1,455 shares in the last quarter. Finally, UniSuper Management Pty Ltd purchased a new stake in shares of Ultra Clean in the 1st quarter valued at about $467,000. Institutional investors and hedge funds own 96.06% of the company’s stock.

About Ultra Clean

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.