Ultra Clean Holdings, Inc. (NASDAQ:UCTT) CFO Sells $127,763.44 in Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTTGet Free Report) CFO Sheri Savage sold 2,708 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $47.18, for a total value of $127,763.44. Following the completion of the sale, the chief financial officer now directly owns 72,336 shares of the company’s stock, valued at $3,412,812.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Sheri Savage also recently made the following trade(s):

  • On Friday, June 7th, Sheri Savage sold 15,319 shares of Ultra Clean stock. The shares were sold at an average price of $46.00, for a total transaction of $704,674.00.

Ultra Clean Price Performance

Shares of UCTT opened at $49.16 on Friday. Ultra Clean Holdings, Inc. has a 1 year low of $22.15 and a 1 year high of $50.51. 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 company’s fifty day moving average is $44.24 and its two-hundred day moving average is $40.23.

Ultra Clean (NASDAQ:UCTTGet Free Report) last posted its quarterly earnings results on Monday, May 6th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter. Ultra Clean had a negative net margin of 2.09% and a positive return on equity of 2.19%. The firm had revenue of $477.70 million during the quarter, compared to analysts’ expectations of $455.00 million.

Institutional Trading of Ultra Clean

Hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. purchased a new position in Ultra Clean in the fourth quarter worth $59,000. TFO Wealth Partners LLC increased its holdings in shares of Ultra Clean by 27,160.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,726 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 2,716 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Ultra Clean in the first quarter valued at about $96,000. PNC Financial Services Group Inc. boosted its holdings in Ultra Clean by 19.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,164 shares of the semiconductor company’s stock worth $108,000 after buying an additional 514 shares in the last quarter. Finally, Stoneridge Investment Partners LLC acquired a new position in Ultra Clean during the fourth quarter worth about $202,000. 96.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on UCTT. Needham & Company LLC lifted their price objective on shares of Ultra Clean from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. TD Cowen raised their price target on Ultra Clean from $47.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

Check Out Our Latest Stock Report on Ultra Clean

About Ultra Clean

(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.

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