Harjinder Bajwa Buys 2,500 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) COO Harjinder Bajwa acquired 2,500 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were purchased at an average price of $33.33 per share, for a total transaction of $83,325.00. Following the transaction, the chief operating officer now directly owns 29,291 shares of the company’s stock, valued at approximately $976,269.03. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Ultra Clean Stock Performance

Ultra Clean stock opened at $36.04 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75. The company has a market capitalization of $1.62 billion, a PE ratio of 450.50 and a beta of 2.08. The company has a 50 day moving average price of $36.28 and a 200-day moving average price of $41.79. Ultra Clean Holdings, Inc. has a fifty-two week low of $24.39 and a fifty-two week high of $56.47.

Ultra Clean (NASDAQ:UCTT) last issued its earnings results on Monday, October 28th. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. The business had revenue of $540.40 million during the quarter, compared to analyst estimates of $515.88 million. During the same period in the previous year, the company posted ($0.03) EPS. Ultra Clean’s revenue was up 24.2% on a year-over-year basis. As a group, equities analysts forecast that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current year.

Institutional Trading of Ultra Clean

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of Ultra Clean by 52.1% in the 2nd quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 213 shares in the last quarter. Signaturefd LLC increased its holdings in Ultra Clean by 465.5% during the third quarter. Signaturefd LLC now owns 803 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 661 shares during the period. CWM LLC raised its stake in Ultra Clean by 46.3% in the second quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock worth $39,000 after buying an additional 253 shares in the last quarter. Innealta Capital LLC purchased a new stake in Ultra Clean during the second quarter worth $41,000. Finally, nVerses Capital LLC bought a new stake in Ultra Clean during the 2nd quarter valued at $64,000. 96.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UCTT has been the topic of several analyst reports. Needham & Company LLC cut their price target on shares of Ultra Clean from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Oppenheimer began coverage on Ultra Clean in a report on Wednesday, September 25th. They issued an “outperform” rating and a $70.00 price target on the stock. Craig Hallum boosted their price objective on Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, TD Cowen reduced their target price on Ultra Clean from $60.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $57.75.

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.