Ultra Clean Holdings, Inc. (NASDAQ:UCTT) COO Harjinder Bajwa Acquires 2,500 Shares of Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) COO Harjinder Bajwa purchased 2,500 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were purchased at an average price of $33.33 per share, with a total value of $83,325.00. Following the completion of the acquisition, the chief operating officer now directly owns 29,291 shares in the company, valued at $976,269.03. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Ultra Clean Stock Performance

Shares of UCTT opened at $34.28 on Tuesday. Ultra Clean Holdings, Inc. has a one year low of $24.39 and a one year high of $56.47. The company has a 50-day simple moving average of $36.37 and a two-hundred day simple moving average of $41.86. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.60. The firm has a market capitalization of $1.54 billion, a PE ratio of 428.55 and a beta of 2.08.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $540.40 million for the quarter, compared to analyst estimates of $515.88 million. Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. The firm’s revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.03) earnings per share. On average, analysts anticipate that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UCTT has been the subject of a number of analyst reports. Oppenheimer assumed coverage on shares of Ultra Clean in a report on Wednesday, September 25th. They set an “outperform” rating and a $70.00 target price for the company. Craig Hallum increased their price objective on Ultra Clean from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. TD Cowen reduced their target price on Ultra Clean from $60.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Finally, Needham & Company LLC dropped their price target on Ultra Clean from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ultra Clean presently has a consensus rating of “Buy” and a consensus target price of $57.75.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UCTT. Swedbank AB bought a new stake in Ultra Clean during the first quarter worth about $111,828,000. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Ultra Clean by 6.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 860,798 shares of the semiconductor company’s stock valued at $42,179,000 after purchasing an additional 52,075 shares during the last quarter. Pinnacle Associates Ltd. boosted its position in shares of Ultra Clean by 2.1% in the 3rd quarter. Pinnacle Associates Ltd. now owns 420,709 shares of the semiconductor company’s stock worth $16,799,000 after purchasing an additional 8,471 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Ultra Clean by 130.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 367,212 shares of the semiconductor company’s stock worth $14,663,000 after buying an additional 207,633 shares during the last quarter. Finally, Hood River Capital Management LLC increased its position in Ultra Clean by 54.2% during the 2nd quarter. Hood River Capital Management LLC now owns 366,266 shares of the semiconductor company’s stock valued at $17,947,000 after buying an additional 128,670 shares in the last quarter. 96.06% of the stock is currently owned by institutional investors.

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.