Ultra Clean Holdings, Inc. (NASDAQ:UCTT) CFO Sells $704,674.00 in Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTTGet Free Report) CFO Sheri Savage sold 15,319 shares of Ultra Clean stock in a transaction on Friday, June 7th. The stock was sold at an average price of $46.00, for a total value of $704,674.00. Following the transaction, the chief financial officer now owns 75,044 shares in the company, valued at approximately $3,452,024. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Monday, June 10th, Sheri Savage sold 2,708 shares of Ultra Clean stock. The stock was sold at an average price of $47.18, for a total value of $127,763.44.

Ultra Clean Stock Performance

NASDAQ UCTT opened at $49.16 on Friday. The company has a market cap of $2.20 billion, a P/E ratio of -59.95 and a beta of 2.11. 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 stock has a 50-day moving average of $44.24 and a two-hundred day moving average of $40.23. Ultra Clean Holdings, Inc. has a 1-year low of $22.15 and a 1-year high of $50.51.

Ultra Clean (NASDAQ:UCTTGet Free Report) last released its earnings results on Monday, May 6th. The semiconductor company reported $0.20 earnings per share for the quarter. The company had revenue of $477.70 million during the quarter, compared to the consensus estimate of $455.00 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

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Ultra Clean by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 4,360,555 shares of the semiconductor company’s stock worth $148,869,000 after buying an additional 148,819 shares in the last quarter. Frontier Capital Management Co. LLC grew its position in shares of Ultra Clean by 37.5% during the fourth quarter. Frontier Capital Management Co. LLC now owns 2,559,943 shares of the semiconductor company’s stock worth $87,396,000 after buying an additional 698,242 shares in the last quarter. Swedbank AB acquired a new position in shares of Ultra Clean during the first quarter worth about $111,828,000. Vaughan Nelson Investment Management L.P. grew its position in shares of Ultra Clean by 47.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 808,723 shares of the semiconductor company’s stock worth $37,152,000 after buying an additional 260,740 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Ultra Clean by 8.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 591,891 shares of the semiconductor company’s stock worth $20,207,000 after buying an additional 46,076 shares in the last quarter. 96.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UCTT has been the subject of a number of recent analyst reports. Needham & Company LLC raised their price objective on Ultra Clean from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. TD Cowen raised their price objective on Ultra Clean from $47.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

Check Out Our Latest Stock Report on Ultra Clean

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.

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

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