Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Director Sells $217,500.00 in Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Director Clarence L. Granger sold 5,000 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $43.50, for a total transaction of $217,500.00. Following the sale, the director now directly owns 92,134 shares in the company, valued at $4,007,829. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Ultra Clean Stock Up 2.9 %

UCTT opened at $45.25 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 2.76. The stock has a fifty day moving average of $43.69 and a 200-day moving average of $37.31. Ultra Clean Holdings, Inc. has a fifty-two week low of $22.15 and a fifty-two week high of $49.25. The company has a market capitalization of $2.03 billion, a P/E ratio of -55.18 and a beta of 2.02.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $0.12 earnings per share for the quarter. Ultra Clean had a negative net margin of 2.09% and a positive return on equity of 2.19%. The business had revenue of $444.80 million during the quarter, compared to analysts’ expectations of $444.99 million.

Wall Street Analysts Forecast Growth

UCTT has been the subject of several recent analyst reports. Needham & Company LLC raised their target price on shares of Ultra Clean from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. TD Cowen increased their price target on shares of Ultra Clean from $47.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Ultra Clean currently has an average rating of “Moderate Buy” and an average target price of $57.00.

Institutional Investors Weigh In On Ultra Clean

Several institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new position in Ultra Clean in the 4th quarter valued at $59,000. TFO Wealth Partners LLC increased its position in shares of Ultra Clean by 27,160.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,726 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 2,716 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Ultra Clean in the first quarter valued at about $96,000. PNC Financial Services Group Inc. raised its stake in Ultra Clean by 19.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,164 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 514 shares in the last quarter. Finally, Stoneridge Investment Partners LLC bought a new stake in Ultra Clean during the fourth quarter worth about $202,000. 96.06% of the stock is currently owned by institutional investors.

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.