Ultra Clean Holdings, Inc. (NASDAQ:UCTT) CFO Sheri Brumm Sells 20,512 Shares
Ultra Clean Holdings, Inc. (NASDAQ:UCTT) CFO Sheri Brumm sold 20,512 shares of Ultra Clean Holdings stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $22.85, for a total value of $468,699.20. Following the completion of the sale, the chief financial officer now directly owns 170,939 shares of the company’s stock, valued at $3,905,956.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Ultra Clean Holdings, Inc. (UCTT) opened at 20.88 on Friday. The company’s 50 day moving average price is $21.59 and its 200-day moving average price is $17.96. The firm has a market capitalization of $698.06 million, a PE ratio of 15.11 and a beta of 1.19. Ultra Clean Holdings, Inc. has a 52 week low of $5.94 and a 52 week high of $26.21.
Ultra Clean Holdings (NASDAQ:UCTT) last posted its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.11. The business had revenue of $228.26 million during the quarter, compared to the consensus estimate of $213.92 million. Ultra Clean Holdings had a return on equity of 25.19% and a net margin of 6.25%. Ultra Clean Holdings’s quarterly revenue was up 75.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. On average, equities research analysts expect that Ultra Clean Holdings, Inc. will post $2.28 EPS for the current fiscal year.
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Several equities research analysts have recently commented on the company. Stifel Nicolaus lifted their target price on Ultra Clean Holdings from $18.00 to $20.00 and gave the company a “hold” rating in a research note on Monday, July 10th. Cowen and Company assumed coverage on Ultra Clean Holdings in a research note on Thursday, June 15th. They issued a “market perform” rating and a $26.00 target price for the company. ValuEngine raised Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. BidaskClub cut Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Zacks Investment Research cut Ultra Clean Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $27.83.
Hedge funds have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System increased its stake in Ultra Clean Holdings by 0.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 12,618 shares of the semiconductor company’s stock worth $213,000 after buying an additional 69 shares during the last quarter. LSV Asset Management bought a new stake in Ultra Clean Holdings during the first quarter worth $293,000. Wells Fargo & Company MN increased its stake in Ultra Clean Holdings by 42.4% in the first quarter. Wells Fargo & Company MN now owns 64,881 shares of the semiconductor company’s stock worth $1,094,000 after buying an additional 19,326 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp bought a new stake in Ultra Clean Holdings during the first quarter worth $1,985,000. Finally, Russell Investments Group Ltd. increased its stake in Ultra Clean Holdings by 23.2% in the first quarter. Russell Investments Group Ltd. now owns 196,166 shares of the semiconductor company’s stock worth $3,309,000 after buying an additional 36,964 shares during the last quarter. Institutional investors and hedge funds own 83.44% of the company’s stock.
Ultra Clean Holdings Company Profile
Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.
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