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

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) COO Harjinder Bajwa purchased 2,500 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were purchased at an average cost of $33.33 per share, for a total transaction of $83,325.00. Following the transaction, the chief operating officer now owns 29,291 shares of the company’s stock, valued at $976,269.03. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Ultra Clean Trading Up 4.2 %

NASDAQ:UCTT opened at $37.55 on Thursday. The firm has a market cap of $1.69 billion, a P/E ratio of 469.43 and a beta of 2.08. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52. The stock’s 50 day simple moving average is $36.29 and its 200-day simple moving average is $41.76. Ultra Clean Holdings, Inc. has a 12-month low of $24.39 and a 12-month high of $56.47.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.35 earnings per share for the quarter, topping 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 firm had revenue of $540.40 million for the quarter, compared to analyst estimates of $515.88 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. Ultra Clean’s quarterly revenue was up 24.2% on a year-over-year basis. Equities analysts anticipate that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings 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 acquiring an additional 213 shares during the period. Signaturefd LLC boosted its position in Ultra Clean by 465.5% during the third quarter. Signaturefd LLC now owns 803 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 661 shares in the last quarter. CWM LLC boosted its position in Ultra Clean by 46.3% during the second quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock worth $39,000 after purchasing 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 purchased a new stake in Ultra Clean during the second quarter worth $64,000. Institutional investors and hedge funds own 96.06% of the company’s stock.

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.