Ultra Clean Holdings, Inc. (NASDAQ:UCTT) CFO Sells $546,080.22 in Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) CFO Sheri Savage sold 10,079 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $54.18, for a total value of $546,080.22. Following the transaction, the chief financial officer now owns 52,575 shares in the company, valued at approximately $2,848,513.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Sheri Savage also recently made the following trade(s):

• On Tuesday, July 2nd, Sheri Savage sold 9,682 shares of Ultra Clean stock. The stock was sold at an average price of $51.08, for a total value of $494,556.56.
• On Monday, June 10th, Sheri Savage sold 2,708 shares of Ultra Clean stock. The shares were sold at an average price of $47.18, for a total value of $127,763.44.
• On Friday, June 7th, Sheri Savage sold 15,319 shares of Ultra Clean stock. The shares were sold at an average price of $46.00, for a total value of $704,674.00.

Ultra Clean Trading Up 1.1 %

Shares of UCTT stock traded up $0.60 during mid-day trading on Wednesday, reaching $55.10. 360,674 shares of the stock traded hands, compared to its average volume of 304,678. The stock’s fifty day simple moving average is $46.76 and its two-hundred day simple moving average is $42.92. Ultra Clean Holdings, Inc. has a 1-year low of $22.15 and a 1-year high of $55.85. The company has a market cap of $2.46 billion, a price-to-earnings ratio of -67.46 and a beta of 2.13. The company has a quick ratio of 1.58, a current ratio of 2.76 and a debt-to-equity ratio of 0.52.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings results on Monday, May 6th. The semiconductor company reported $0.20 EPS for the quarter. Ultra Clean had a positive return on equity of 2.19% and a negative net margin of 2.09%. The firm had revenue of $477.70 million for the quarter, compared to analyst estimates of $455.00 million.

Institutional Investors Weigh In On Ultra Clean

Several hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Ultra Clean by 52.1% during the second quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 213 shares in the last quarter. CWM LLC grew its holdings in Ultra Clean by 46.3% during the second quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock worth $39,000 after buying an additional 253 shares in the last quarter. SummerHaven Investment Management LLC grew its holdings in Ultra Clean by 1.8% during the fourth quarter. SummerHaven Investment Management LLC now owns 19,384 shares of the semiconductor company’s stock worth $662,000 after buying an additional 347 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Ultra Clean by 19.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,164 shares of the semiconductor company’s stock worth $108,000 after buying an additional 514 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its holdings in Ultra Clean by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 39,236 shares of the semiconductor company’s stock worth $1,803,000 after buying an additional 525 shares in the last quarter. Institutional investors own 96.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Needham & Company LLC raised their price objective on Ultra Clean from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. TD Cowen raised their price objective on Ultra Clean from $47.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $57.00.

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.