Insider Selling: Ultra Clean Holdings, Inc. (NASDAQ:UCTT) CFO Sells 10,079 Shares of Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) CFO Sheri Savage sold 10,079 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $54.18, for a total transaction of $546,080.22. Following the sale, the chief financial officer now directly owns 52,575 shares of the company’s stock, valued at $2,848,513.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, July 2nd, Sheri Savage sold 9,682 shares of Ultra Clean stock. The shares were sold at an average price of $51.08, for a total transaction of $494,556.56.
• On Monday, June 10th, Sheri Savage sold 2,708 shares of Ultra Clean stock. The shares were sold at an average price of $47.18, for a total transaction of $127,763.44.
• 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 Stock Performance

Shares of UCTT traded up $0.60 during mid-day trading on Wednesday, reaching $55.10. 360,674 shares of the company’s stock traded hands, compared to its average volume of 304,678. The business’s 50-day moving average price is $46.76 and its 200-day moving average price is $42.92. The stock has a market capitalization of $2.46 billion, a P/E ratio of -67.46 and a beta of 2.13. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 2.76. Ultra Clean Holdings, Inc. has a 12 month low of $22.15 and a 12 month high of $55.85.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data on Monday, May 6th. The semiconductor company reported $0.20 EPS for the quarter. The business had revenue of $477.70 million for the quarter, compared to analyst estimates of $455.00 million. Ultra Clean had a negative net margin of 2.09% and a positive return on equity of 2.19%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UCTT. TD Cowen upped their target price on shares of Ultra Clean from $47.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Needham & Company LLC increased their price objective on shares of Ultra Clean from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Ultra Clean presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UCTT. GAMMA Investing LLC grew its position in Ultra Clean by 52.1% during the 2nd quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 213 shares in the last quarter. CWM LLC raised its holdings in Ultra Clean by 46.3% in the 2nd quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 253 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Ultra Clean during the 4th quarter worth about $59,000. Allspring Global Investments Holdings LLC bought a new position in shares of Ultra Clean during the 1st quarter worth about $96,000. Finally, TFO Wealth Partners LLC increased its stake in Ultra Clean by 27,160.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,726 shares of the semiconductor company’s stock valued at $93,000 after acquiring an additional 2,716 shares during the period. Institutional investors and hedge funds own 96.06% of the company’s stock.

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.