Insider Selling: Ait Holding Co Llc Sells 59,260 Shares of Ultra Clean Holdings Stock (UCTT)
Ultra Clean Holdings (NASDAQ:UCTT) major shareholder Ait Holding Co Llc unloaded 59,260 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $9.05, for a total transaction of $536,303.00. Following the transaction, the insider now directly owns 4,055,759 shares of the company’s stock, valued at approximately $36,704,619. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Several analysts have recently commented on the stock. Analysts at Roth Capital raised their price target on shares of Ultra Clean Holdings from $8.00 to $10.00 in a research note to investors on Wednesday, October 23rd. They now have a “buy” rating on the stock. Separately, analysts at Northland Capital Partners raised their price target on shares of Ultra Clean Holdings from $8.00 to $9.00 in a research note to investors on Wednesday, October 23rd. They now have an “outperform” rating on the stock. Finally, analysts at Zacks upgraded shares of Ultra Clean Holdings from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 23rd. They now have a $8.90 price target on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $9.20.
Shares of Ultra Clean Holdings (NASDAQ:UCTT) opened at 9.03 on Thursday. Ultra Clean Holdings has a one year low of $4.33 and a one year high of $7.05. The stock has a 50-day moving average of $7.21 and a 200-day moving average of $6.53. The company has a market cap of $256.9 million and a P/E ratio of 89.41.
Ultra Clean Holdings (NASDAQ:UCTT) last released its earnings data on Monday, October 21st. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $107.20 million for the quarter, compared to the consensus estimate of $107.65 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts predict that Ultra Clean Holdings will post $0.47 earnings per share for the current fiscal year.
Ultra Clean Holdings, Inc is a developer and supplier of critical subsystems, primarily for the semiconductor capital equipment industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.