Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Get Free Report) 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.
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.
View Our Latest Stock Analysis on UCTT
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.
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