Harjinder Bajwa Purchases 10,000 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) COO Harjinder Bajwa acquired 10,000 shares of Ultra Clean stock in a transaction on Friday, November 15th. The shares were bought at an average price of $33.75 per share, with a total value of $337,500.00. Following the completion of the transaction, the chief operating officer now directly owns 54,291 shares of the company’s stock, valued at $1,832,321.25. This trade represents a 22.58 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Harjinder Bajwa also recently made the following trade(s):

• On Wednesday, November 13th, Harjinder Bajwa bought 15,000 shares of Ultra Clean stock. The shares were bought at an average cost of $34.83 per share, with a total value of $522,450.00.
• On Thursday, October 31st, Harjinder Bajwa purchased 2,500 shares of Ultra Clean stock. The stock was bought at an average cost of $33.33 per share, for a total transaction of $83,325.00.

Ultra Clean Stock Performance

Shares of Ultra Clean stock opened at $35.91 on Thursday. The business’s 50 day moving average price is $36.50 and its 200 day moving average price is $41.42. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 448.93 and a beta of 2.08. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75. Ultra Clean Holdings, Inc. has a one year low of $25.65 and a one year high of $56.47.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $540.40 million for the quarter, compared to analyst estimates of $515.88 million. Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.03) EPS. On average, research analysts predict that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current year.

Hedge Funds Weigh In On Ultra Clean

Several institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of 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 buying an additional 213 shares during the last quarter. CWM LLC lifted its holdings in Ultra Clean by 46.3% in the second quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 253 shares during the last quarter. Signaturefd LLC grew its position in Ultra Clean by 465.5% in the third quarter. Signaturefd LLC now owns 803 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 661 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Ultra Clean during the third quarter worth $32,000. Finally, Innealta Capital LLC purchased a new stake in Ultra Clean in the second quarter valued at $41,000. 96.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.