Insider Selling: Ultra Clean Holdings, Inc. (NASDAQ:UCTT) General Counsel Sells 3,449 Shares of Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) General Counsel Paul Yoonku Cho sold 3,449 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $44.79, for a total value of $154,480.71. Following the completion of the transaction, the general counsel now directly owns 17,166 shares in the company, valued at $768,865.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ultra Clean Trading Down 3.7 %

NASDAQ UCTT opened at $44.20 on Friday. The business’s fifty day moving average is $43.69 and its 200-day moving average is $38.09. Ultra Clean Holdings, Inc. has a one year low of $22.15 and a one year high of $49.25. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of -53.90 and a beta of 2.02. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.76 and a quick ratio of 1.58.

Ultra Clean (NASDAQ:UCTT) last posted its earnings results on Wednesday, February 21st. The semiconductor company reported $0.12 earnings per share for the quarter. The business had revenue of $444.80 million during the quarter, compared to analyst estimates of $444.99 million. Ultra Clean had a positive return on equity of 2.19% and a negative net margin of 2.09%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Ultra Clean by 3.5% in the 4th 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 during the last quarter. Frontier Capital Management Co. LLC lifted its position in Ultra Clean by 37.5% in the 4th 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 during the last quarter. Swedbank AB bought a new stake in Ultra Clean in the 1st quarter worth approximately $111,828,000. Vaughan Nelson Investment Management L.P. lifted its position in Ultra Clean by 47.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 808,723 shares of the semiconductor company’s stock valued at $37,152,000 after purchasing an additional 260,740 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Ultra Clean by 8.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 591,891 shares of the semiconductor company’s stock valued at $20,207,000 after purchasing an additional 46,076 shares during the last quarter. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.