Sheri Savage Sells 9,682 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) CFO Sheri Savage sold 9,682 shares of Ultra Clean stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $51.08, for a total value of $494,556.56. Following the transaction, the chief financial officer now owns 62,654 shares in the company, valued at $3,200,366.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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.
• 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 value of $704,674.00.

Ultra Clean Stock Up 1.7 %

Shares of NASDAQ:UCTT traded up $0.86 during midday trading on Wednesday, reaching $51.63. The company had a trading volume of 151,565 shares, compared to its average volume of 302,721. The business’s 50 day moving average price is $45.87 and its 200 day moving average price is $42.28. The stock has a market cap of $2.31 billion, a PE ratio of -62.96 and a beta of 2.13. The company has a quick ratio of 1.58, a current ratio of 2.76 and a debt-to-equity ratio of 0.52. Ultra Clean Holdings, Inc. has a 1-year low of $22.15 and a 1-year high of $51.96.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings results on Monday, May 6th. The semiconductor company reported $0.20 earnings per share for the quarter. The firm had revenue of $477.70 million for 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 business. GAMMA Investing LLC increased its position in Ultra Clean by 52.1% during the second quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock worth $30,000 after buying an additional 213 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Ultra Clean during the fourth quarter worth approximately $59,000. TFO Wealth Partners LLC boosted its holdings in shares of Ultra Clean by 27,160.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,726 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 2,716 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Ultra Clean during the first quarter worth approximately $96,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of 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 acquiring an additional 514 shares during the period. Institutional investors and hedge funds own 96.06% of the company’s stock.

Analyst Upgrades and Downgrades

UCTT has been the topic of several recent research reports. Needham & Company LLC lifted their price target on 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 lifted their price target on Ultra Clean from $47.00 to $55.00 and gave the company a “buy” rating in a research note 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $57.00.

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.