Ultra Clean Holdings, Inc. (NASDAQ:UCTT) SVP Sells $182,400.00 in Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) SVP Jamie J. Palfrey sold 9,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $19.20, for a total transaction of $182,400.00. Following the completion of the transaction, the senior vice president now owns 30,465 shares in the company, valued at $584,928. This represents a 23.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Ultra Clean Price Performance

Shares of NASDAQ UCTT opened at $20.03 on Friday. Ultra Clean Holdings, Inc. has a 1 year low of $16.66 and a 1 year high of $56.47. The stock has a market capitalization of $904.33 million, a P/E ratio of 250.41, a P/E/G ratio of 0.51 and a beta of 2.09. The company’s 50-day moving average is $21.43 and its 200 day moving average is $31.06. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63.

Ultra Clean (NASDAQ:UCTT) last posted 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 analysts’ expectations of $526.13 million. During the same quarter last year, the company posted $0.27 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts expect that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current year.

Institutional Trading of Ultra Clean

A number of hedge funds have recently modified their holdings of UCTT. Headlands Technologies LLC bought a new stake in Ultra Clean during the fourth quarter worth about $26,000. Nisa Investment Advisors LLC lifted its holdings in shares of Ultra Clean by 107.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 490 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Ultra Clean by 694.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company’s stock worth $35,000 after buying an additional 854 shares during the last quarter. Byrne Asset Management LLC bought a new position in Ultra Clean during the 1st quarter valued at approximately $25,000. Finally, Versant Capital Management Inc raised its stake in Ultra Clean by 386.9% during the first quarter. Versant Capital Management Inc now owns 1,412 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 1,122 shares during the last quarter. Institutional investors own 96.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Needham & Company LLC cut their price target on shares of Ultra Clean from $40.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. Oppenheimer cut their target price on Ultra Clean from $60.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. TD Cowen lowered their price target on Ultra Clean from $48.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. Finally, StockNews.com cut Ultra Clean from a “hold” rating to a “sell” rating in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Ultra Clean presently has an average rating of “Moderate Buy” and a consensus price target 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.