Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Insider Jeffrey L. Mckibben Sells 5,946 Shares of Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTTGet Free Report) insider Jeffrey L. Mckibben sold 5,946 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $45.00, for a total value of $267,570.00. Following the completion of the sale, the insider now owns 24,125 shares in the company, valued at approximately $1,085,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ultra Clean Trading Up 1.6 %

Shares of NASDAQ UCTT opened at $45.10 on Friday. The business’s 50 day moving average is $43.61 and its 200-day moving average is $37.51. Ultra Clean Holdings, Inc. has a 1-year low of $22.15 and a 1-year high of $49.25. The company has a current ratio of 2.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.52.

Ultra Clean (NASDAQ:UCTTGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $0.12 earnings per share for the quarter. The firm had revenue of $444.80 million for the quarter, compared to analysts’ expectations of $444.99 million. Ultra Clean had a positive return on equity of 2.19% and a negative net margin of 2.09%.

Institutional Investors Weigh In On Ultra Clean

Several institutional investors have recently made changes to their positions in UCTT. Meeder Asset Management Inc. acquired a new stake in shares of Ultra Clean during the 4th quarter worth $59,000. TFO Wealth Partners LLC lifted its position in Ultra Clean by 27,160.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,726 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 2,716 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Ultra Clean during the first quarter worth about $96,000. PNC Financial Services Group Inc. increased its holdings in Ultra Clean by 19.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,164 shares of the semiconductor company’s stock valued at $108,000 after buying an additional 514 shares during the period. Finally, Stoneridge Investment Partners LLC acquired a new position in shares of Ultra Clean in the 4th quarter valued at approximately $202,000. 96.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on UCTT shares. TD Cowen raised their price target on Ultra Clean from $47.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Needham & Company LLC raised their target price on shares of Ultra Clean from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

Check Out Our Latest Analysis on UCTT

About Ultra Clean

(Get Free Report)

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.

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