Insider Selling: Ultra Clean Holdings major shareholder Sells 85,726 Shares of Stock (UCTT)
Ultra Clean Holdings (NASDAQ:UCTT) major shareholder Ait Holding Co Llc sold 85,726 shares of Ultra Clean Holdings stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $11.98, for a total transaction of $1,026,997.48. Following the transaction, the insider now directly owns 2,968,244 shares of the company’s stock, valued at approximately $35,559,563. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
A number of research firms have recently commented on UCTT. 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. They now have a $12.60 price target on the stock. Separately, analysts at Dougherty & Co raised their price target on shares of Ultra Clean Holdings from $10.50 to $12.50 in a research note to investors on Wednesday, January 15th. They now have a “buy” rating on the stock. Finally, analysts at Needham & Company raised their price target on shares of Ultra Clean Holdings from $13.00 to $15.00 in a research note to investors on Wednesday, January 15th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Ultra Clean Holdings has a consensus rating of “Buy” and an average price target of $10.89.
Ultra Clean Holdings (NASDAQ:UCTT) traded down 3.82% on Friday, hitting $11.58. The stock had a trading volume of 246,744 shares. Ultra Clean Holdings has a 52 week low of $4.52 and a 52 week high of $12.08. The stock’s 50-day moving average is $10.48 and its 200-day moving average is $8.2. The company has a market cap of $329.5 million and a P/E ratio of 119.21.
Ultra Clean Holdings, Inc is a developer and supplier of critical subsystems, primarily for the semiconductor capital equipment industry.
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