Ultra Clean Holdings, Inc. (NASDAQ:UCTT) General Counsel Sells $86,009.04 in Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) General Counsel Paul Yoonku Cho sold 4,084 shares of Ultra Clean stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $21.06, for a total value of $86,009.04. Following the completion of the transaction, the general counsel now owns 23,345 shares in the company, valued at $491,645.70. The trade was a 14.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Ultra Clean Stock Down 0.4%

UCTT stock opened at $21.57 on Thursday. Ultra Clean Holdings, Inc. has a twelve month low of $16.66 and a twelve month high of $56.47. The company has a market cap of $973.86 million, a PE ratio of 269.66, a price-to-earnings-growth ratio of 0.51 and a beta of 2.05. The business’s 50-day simple moving average is $20.32 and its 200 day simple moving average is $28.76. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52.

Ultra Clean (NASDAQ:UCTT) last released its earnings results on Monday, April 28th. The semiconductor company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.03). Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. The firm had revenue of $518.60 million for the quarter, compared to analyst estimates of $526.13 million. During the same period last year, the business earned $0.27 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts anticipate that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current year.

Institutional Investors Weigh In On Ultra Clean

Institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund boosted its holdings in Ultra Clean by 132.6% during the fourth quarter. New York State Common Retirement Fund now owns 36,225 shares of the semiconductor company’s stock valued at $1,302,000 after purchasing an additional 20,650 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Ultra Clean by 694.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 854 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Ultra Clean by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 219,821 shares of the semiconductor company’s stock valued at $7,903,000 after acquiring an additional 6,546 shares during the last quarter. Barclays PLC raised its stake in shares of Ultra Clean by 395.1% in the third quarter. Barclays PLC now owns 83,577 shares of the semiconductor company’s stock valued at $3,337,000 after acquiring an additional 66,695 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Ultra Clean by 32.7% in the fourth quarter. Bank of America Corp DE now owns 161,828 shares of the semiconductor company’s stock valued at $5,818,000 after acquiring an additional 39,879 shares during the last quarter. 96.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on UCTT. Needham & Company LLC dropped their price objective on Ultra Clean from $40.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. TD Cowen dropped their price objective on Ultra Clean from $48.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. Oppenheimer decreased their target price on Ultra Clean from $60.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Finally, Wall Street Zen downgraded Ultra Clean from a “hold” rating to a “sell” rating in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

About Ultra Clean

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.