Ultra Clean Holdings SVP Sells $319,500 in Stock (UCTT)
Ultra Clean Holdings (NASDAQ:UCTT) SVP Bruce Wier sold 30,000 shares of the stock on the open market in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $10.65, for a total value of $319,500.00. Following the completion of the transaction, the senior vice president now directly owns 83,567 shares in the company, valued at approximately $889,989. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of Ultra Clean Holdings in a research note to investors on Wednesday, January 8th. They set a “buy” rating and a $13.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Ultra Clean Holdings from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 24th. They now have a $10.80 price target on the stock. Finally, 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. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $9.91.
Shares of Ultra Clean Holdings (NASDAQ:UCTT) traded down 1.41% during mid-day trading on Monday, hitting $10.49. 199,900 shares of the company’s stock traded hands. Ultra Clean Holdings has a one year low of $4.52 and a one year high of $10.99. The stock has a 50-day moving average of $9.98 and a 200-day moving average of $7.91. The company has a market cap of $298.5 million and a P/E ratio of 105.35.
Ultra Clean Holdings, Inc is a developer and supplier of critical subsystems, primarily for the semiconductor capital equipment industry.
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