Ultra Clean Holdings, Inc. (NASDAQ:UCTT) COO Acquires $522,450.00 in Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) COO Harjinder Bajwa bought 15,000 shares of Ultra Clean stock in a transaction that occurred on Wednesday, November 13th. The stock was purchased at an average cost of $34.83 per share, for a total transaction of $522,450.00. Following the acquisition, the chief operating officer now owns 44,291 shares of the company’s stock, valued at $1,542,655.53. This represents a 51.21 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, October 31st, Harjinder Bajwa bought 2,500 shares of Ultra Clean stock. The stock was purchased at an average cost of $33.33 per share, for a total transaction of $83,325.00.

Ultra Clean Price Performance

Shares of NASDAQ:UCTT traded down $1.13 during midday trading on Friday, hitting $33.97. 398,821 shares of the stock were exchanged, compared to its average volume of 374,144. The company has a 50 day moving average price of $36.36 and a 200-day moving average price of $41.60. Ultra Clean Holdings, Inc. has a twelve month low of $25.65 and a twelve month high of $56.47. The stock has a market cap of $1.53 billion, a P/E ratio of 429.43 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.

Ultra Clean (NASDAQ:UCTT) last announced its 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 firm had revenue of $540.40 million during the quarter, compared to the consensus estimate of $515.88 million. During the same quarter in the previous year, the company posted ($0.03) EPS. The firm’s revenue for the quarter was up 24.2% on a year-over-year basis. On average, research analysts forecast that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on UCTT. Craig Hallum raised their target price on shares of Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. Oppenheimer initiated coverage on shares of Ultra Clean in a report on Wednesday, September 25th. They set an “outperform” rating and a $70.00 price objective on the stock. TD Cowen lowered their target price on shares of 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 lowered their price objective on shares of Ultra Clean from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Ultra Clean currently has a consensus rating of “Buy” and an average target price of $57.75.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in UCTT. Swedbank AB purchased a new stake in Ultra Clean in the 1st quarter valued at about $111,828,000. Royce & Associates LP grew its holdings in Ultra Clean by 7.5% in the 3rd quarter. Royce & Associates LP now owns 908,697 shares of the semiconductor company’s stock valued at $36,284,000 after buying an additional 63,301 shares during the period. Vaughan Nelson Investment Management L.P. grew 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 valued at $42,179,000 after buying an additional 52,075 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Ultra Clean by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 647,288 shares of the semiconductor company’s stock valued at $25,846,000 after buying an additional 18,000 shares during the period. Finally, Pinnacle Associates Ltd. grew its holdings in Ultra Clean by 2.1% in the 3rd quarter. Pinnacle Associates Ltd. now owns 420,709 shares of the semiconductor company’s stock valued at $16,799,000 after buying an additional 8,471 shares during the period. Institutional investors and hedge funds own 96.06% of the company’s stock.

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.