Ultra Clean Holdings, Inc. (NASDAQ:UCTT) SVP David Speirs sold 19,029 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $24.04, for a total value of $457,457.16. Following the sale, the senior vice president now directly owns 100,879 shares of the company’s stock, valued at approximately $2,425,131.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ultra Clean Holdings, Inc. (UCTT) traded up 5.43% during trading on Thursday, hitting $25.93. The stock had a trading volume of 1,665,910 shares. The firm’s 50-day moving average price is $22.96 and its 200-day moving average price is $20.12. Ultra Clean Holdings, Inc. has a 52-week low of $6.77 and a 52-week high of $26.21. The company has a market cap of $867.06 million, a price-to-earnings ratio of 18.77 and a beta of 1.22.

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

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Several institutional investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System increased its stake in shares of Ultra Clean Holdings by 0.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 12,618 shares of the semiconductor company’s stock valued at $213,000 after purchasing an additional 69 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Ultra Clean Holdings by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 7,824 shares of the semiconductor company’s stock valued at $146,000 after purchasing an additional 314 shares in the last quarter. Greenwood Capital Associates LLC increased its stake in shares of Ultra Clean Holdings by 3.1% in the 1st quarter. Greenwood Capital Associates LLC now owns 11,076 shares of the semiconductor company’s stock valued at $187,000 after purchasing an additional 334 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Ultra Clean Holdings by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,505 shares of the semiconductor company’s stock valued at $496,000 after purchasing an additional 454 shares in the last quarter. Finally, American International Group Inc. increased its stake in shares of Ultra Clean Holdings by 7.1% in the 1st quarter. American International Group Inc. now owns 19,769 shares of the semiconductor company’s stock valued at $334,000 after purchasing an additional 1,313 shares in the last quarter. Hedge funds and other institutional investors own 77.68% of the company’s stock.

Several research firms have issued reports on UCTT. Stifel Nicolaus boosted their price target on Ultra Clean Holdings from $18.00 to $20.00 and gave the company a “hold” rating in a report on Monday, July 10th. Cowen and Company began coverage on Ultra Clean Holdings in a report on Thursday, June 15th. They set a “market perform” rating and a $26.00 price target for the company. ValuEngine raised Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. BidaskClub lowered Ultra Clean Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Dougherty & Co boosted their price target on Ultra Clean Holdings from $29.50 to $32.00 and gave the company a “buy” rating in a report on Friday, July 28th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $27.83.

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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