Ultra Clean Holdings Inc (NASDAQ:UCTT) insider Deborah E. Hayward sold 7,566 shares of Ultra Clean stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $20.00, for a total value of $151,320.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) traded up $0.11 during trading hours on Wednesday, reaching $20.90. The company’s stock had a trading volume of 933,049 shares, compared to its average volume of 1,610,000. Ultra Clean Holdings Inc has a one year low of $14.11 and a one year high of $34.59. The firm has a market capitalization of $803.28, a P/E ratio of 9.54, a PEG ratio of 0.66 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.99 and a quick ratio of 0.84.
Ultra Clean (NASDAQ:UCTT) last announced its earnings results on Wednesday, February 21st. The semiconductor company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.01). The business had revenue of $248.89 million for the quarter, compared to analyst estimates of $248.73 million. Ultra Clean had a return on equity of 29.62% and a net margin of 8.12%. The company’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 earnings per share. equities research analysts anticipate that Ultra Clean Holdings Inc will post 2.3 EPS for the current year.
UCTT has been the subject of a number of research reports. Cowen reaffirmed a “buy” rating on shares of Ultra Clean in a report on Thursday, February 15th. Zacks Investment Research raised Ultra Clean from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Wednesday, December 20th. Stifel Nicolaus raised Ultra Clean from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Monday, December 4th. Finally, BidaskClub downgraded Ultra Clean from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $31.33.
Several hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of Ultra Clean by 12.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 28,216 shares of the semiconductor company’s stock worth $652,000 after buying an additional 3,130 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of Ultra Clean during the 4th quarter worth approximately $388,000. Macquarie Group Ltd. raised its stake in shares of Ultra Clean by 34.6% during the 4th quarter. Macquarie Group Ltd. now owns 33,072 shares of the semiconductor company’s stock worth $764,000 after buying an additional 8,500 shares during the period. Millennium Management LLC raised its stake in shares of Ultra Clean by 1,256.4% during the 4th quarter. Millennium Management LLC now owns 785,449 shares of the semiconductor company’s stock worth $18,136,000 after buying an additional 727,540 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Ultra Clean by 64.6% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 45,930 shares of the semiconductor company’s stock worth $1,060,000 after buying an additional 18,033 shares during the period. 68.73% of the stock is owned by institutional investors and hedge funds.
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Ultra Clean Company Profile
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.
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