Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Insider Jeffrey L. Mckibben Sells 3,422 Shares

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) insider Jeffrey L. Mckibben sold 3,422 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $38.20, for a total transaction of $130,720.40. Following the completion of the transaction, the insider now owns 18,805 shares of the company’s stock, valued at $718,351. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Ultra Clean Stock Performance

NASDAQ:UCTT opened at $35.74 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. Ultra Clean Holdings, Inc. has a fifty-two week low of $25.01 and a fifty-two week high of $56.47. The firm has a market cap of $1.61 billion, a PE ratio of 446.81 and a beta of 2.08. The business has a 50 day moving average price of $36.33 and a 200-day moving average price of $41.69.

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

Institutional Trading of Ultra Clean

Several large investors have recently modified their holdings of UCTT. Vaughan Nelson Investment Management L.P. lifted its holdings in Ultra Clean by 6.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 860,798 shares of the semiconductor company’s stock worth $42,179,000 after buying an additional 52,075 shares during the period. Comerica Bank lifted its stake in Ultra Clean by 512.5% in the first quarter. Comerica Bank now owns 134,289 shares of the semiconductor company’s stock worth $6,169,000 after acquiring an additional 112,366 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Ultra Clean by 130.1% in the third quarter. Harbor Capital Advisors Inc. now owns 367,212 shares of the semiconductor company’s stock valued at $14,663,000 after acquiring an additional 207,633 shares in the last quarter. Moloney Securities Asset Management LLC purchased a new position in Ultra Clean during the 3rd quarter valued at $1,048,000. Finally, Lodestar Private Asset Management LLC bought a new position in Ultra Clean in the 3rd quarter worth $885,000. 96.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Needham & Company LLC dropped their target price on Ultra Clean from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Oppenheimer initiated coverage on shares of Ultra Clean in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $70.00 price objective for the company. Craig Hallum lifted their target price on shares of Ultra Clean from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, TD Cowen cut their price target on shares of Ultra Clean from $60.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, Ultra Clean presently has an average rating of “Buy” and a consensus 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.