Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Director David T. Ibnale sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $22.95, for a total transaction of $229,500.00. Following the sale, the director now owns 76,000 shares of the company’s stock, valued at approximately $1,744,200. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Ultra Clean Holdings, Inc. (NASDAQ UCTT) traded down 5.47% during mid-day trading on Friday, reaching $22.31. 659,123 shares of the company’s stock traded hands. The company has a market cap of $745.87 million, a P/E ratio of 16.14 and a beta of 1.22. Ultra Clean Holdings, Inc. has a 12-month low of $6.58 and a 12-month high of $26.21. The firm has a 50-day moving average of $22.96 and a 200 day moving average of $19.78.

Ultra Clean Holdings (NASDAQ:UCTT) last issued its earnings results on Thursday, July 27th. The semiconductor company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.11. The firm had revenue of $228.26 million during the quarter, compared to analyst estimates of $213.92 million. Ultra Clean Holdings had a net margin of 6.25% and a return on equity of 24.16%. The company’s quarterly revenue was up 75.8% on a year-over-year basis. During the same quarter last year, the business earned $0.10 earnings per share. Equities analysts forecast that Ultra Clean Holdings, Inc. will post $2.29 EPS for the current year.

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A number of analysts have recently issued reports on the stock. BidaskClub cut shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine upgraded shares of Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Dougherty & Co raised their target price on shares of Ultra Clean Holdings from $29.50 to $32.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Craig Hallum lifted their price objective on shares of Ultra Clean Holdings from $25.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, Needham & Company LLC lifted their price objective on shares of Ultra Clean Holdings from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Ultra Clean Holdings currently has an average rating of “Buy” and an average target price of $27.83.

A number of large investors have recently modified their holdings of UCTT. Teachers Advisors LLC boosted its position in Ultra Clean Holdings by 5.1% during the fourth quarter. Teachers Advisors LLC now owns 49,403 shares of the semiconductor company’s stock worth $479,000 after purchasing an additional 2,409 shares during the period. Russell Investments Group Ltd. boosted its position in Ultra Clean Holdings by 23.2% during the first quarter. Russell Investments Group Ltd. now owns 196,166 shares of the semiconductor company’s stock worth $3,309,000 after purchasing an additional 36,964 shares during the period. Wells Fargo & Company MN boosted its position in Ultra Clean Holdings by 42.4% during the first quarter. Wells Fargo & Company MN now owns 64,881 shares of the semiconductor company’s stock worth $1,094,000 after purchasing an additional 19,326 shares during the period. LSV Asset Management bought a new position in Ultra Clean Holdings during the first quarter worth about $293,000. Finally, State Board of Administration of Florida Retirement System boosted its position in Ultra Clean Holdings by 0.5% during 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 purchasing an additional 69 shares during the period. Hedge funds and other institutional investors own 77.68% of the company’s stock.

About Ultra Clean Holdings

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.

Insider Buying and Selling by Quarter for Ultra Clean Holdings (NASDAQ:UCTT)

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