Insider Selling: Ultra Clean Holdings Inc (NASDAQ:UCTT) Director Sells 12,500 Shares of Stock

Ultra Clean Holdings Inc (NASDAQ:UCTT) Director David T. Ibnale sold 12,500 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $21.58, for a total transaction of $269,750.00. Following the transaction, the director now owns 63,500 shares in the company, valued at approximately $1,370,330. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Ultra Clean Holdings Inc (NASDAQ UCTT) traded up $0.47 during mid-day trading on Friday, hitting $23.22. 827,945 shares of the stock traded hands, compared to its average volume of 1,380,000. The company has a market cap of $780.83, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 0.60 and a beta of 1.02. Ultra Clean Holdings Inc has a 12-month low of $11.86 and a 12-month high of $34.59. The company has a quick ratio of 1.09, a current ratio of 2.06 and a debt-to-equity ratio of 0.15.

Ultra Clean (NASDAQ:UCTT) last posted its earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.02). Ultra Clean had a net margin of 7.55% and a return on equity of 28.77%. The company had revenue of $242.60 million for the quarter, compared to analysts’ expectations of $239.11 million. During the same period in the previous year, the business posted $0.17 earnings per share. The business’s revenue was up 65.9% on a year-over-year basis. equities analysts expect that Ultra Clean Holdings Inc will post 2.34 earnings per share for the current year.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Ultra Clean from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Wednesday, December 20th. Dougherty & Co increased their price target on shares of Ultra Clean from $32.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. Needham & Company LLC cut their price target on shares of Ultra Clean from $36.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Cowen increased their price objective on shares of Ultra Clean from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, October 18th. Finally, Stifel Nicolaus upgraded shares of Ultra Clean from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Monday, December 4th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $31.50.

Several large investors have recently modified their holdings of the business. Legal & General Group Plc grew its stake in shares of Ultra Clean by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 7,824 shares of the semiconductor company’s stock worth $146,000 after buying an additional 314 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Ultra Clean by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,505 shares of the semiconductor company’s stock worth $496,000 after acquiring an additional 454 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Ultra Clean by 1.3% in the 2nd quarter. California Public Employees Retirement System now owns 105,800 shares of the semiconductor company’s stock worth $1,984,000 after acquiring an additional 1,400 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Ultra Clean by 1.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 102,131 shares of the semiconductor company’s stock worth $1,915,000 after acquiring an additional 1,618 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY lifted its holdings in shares of Ultra Clean by 1.1% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 252,115 shares of the semiconductor company’s stock worth $4,727,000 after acquiring an additional 2,815 shares during the last quarter. 75.48% of the stock is owned by institutional investors and hedge funds.

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About Ultra Clean

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 (NASDAQ:UCTT)

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