Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Get Free Report) General Counsel Paul Yoonku Cho sold 944 shares of Ultra Clean stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $89.37, for a total transaction of $84,365.28. Following the transaction, the general counsel directly owned 22,941 shares of the company’s stock, valued at approximately $2,050,237.17. This trade represents a 3.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Paul Yoonku Cho also recently made the following trade(s):
- On Friday, May 8th, Paul Yoonku Cho sold 2,000 shares of Ultra Clean stock. The stock was sold at an average price of $86.89, for a total transaction of $173,780.00.
Ultra Clean Price Performance
NASDAQ UCTT traded up $1.14 on Thursday, hitting $93.69. The company had a trading volume of 999,085 shares, compared to its average volume of 1,006,045. The company has a market capitalization of $4.20 billion, a PE ratio of -21.84, a PEG ratio of 1.30 and a beta of 1.94. The company’s fifty day moving average price is $77.66 and its 200-day moving average price is $53.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.07 and a quick ratio of 1.72. Ultra Clean Holdings, Inc. has a 12-month low of $19.51 and a 12-month high of $94.95.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. UBS Group assumed coverage on Ultra Clean in a research note on Tuesday, May 5th. They issued a “buy” rating and a $130.00 price target on the stock. Oppenheimer boosted their price target on Ultra Clean from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Needham & Company LLC lifted their target price on shares of Ultra Clean from $70.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Craig Hallum reaffirmed a “buy” rating and set a $100.00 target price on shares of Ultra Clean in a research note on Tuesday, February 24th. Finally, TD Cowen lifted their target price on shares of Ultra Clean from $70.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $104.40.
View Our Latest Report on Ultra Clean
Institutional Investors Weigh In On Ultra Clean
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Ultra Clean by 6.2% during the 4th quarter. Vanguard Group Inc. now owns 4,990,724 shares of the semiconductor company’s stock worth $126,415,000 after purchasing an additional 293,048 shares during the last quarter. Invesco Ltd. boosted its stake in Ultra Clean by 63.1% during the 4th quarter. Invesco Ltd. now owns 3,399,834 shares of the semiconductor company’s stock worth $86,118,000 after purchasing an additional 1,315,407 shares during the last quarter. State Street Corp boosted its position in shares of Ultra Clean by 5.0% during the 4th quarter. State Street Corp now owns 1,852,482 shares of the semiconductor company’s stock valued at $46,923,000 after acquiring an additional 87,931 shares during the last quarter. Royce & Associates LP boosted its position in shares of Ultra Clean by 7.1% during the 3rd quarter. Royce & Associates LP now owns 1,107,416 shares of the semiconductor company’s stock valued at $30,177,000 after acquiring an additional 73,872 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Ultra Clean by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 821,088 shares of the semiconductor company’s stock valued at $20,798,000 after acquiring an additional 43,987 shares during the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.
Ultra Clean Company Profile
Ultra Clean Holdings, Inc is a global supplier of critical consumables and process tools for the semiconductor manufacturing industry. The company specializes in precision parts cleaning, chemical–mechanical planarization (CMP) slurries, surface conditioning pads, and specialty components used in wafer fabrication and advanced packaging. Ultra Clean also provides assembly and test hardware, tooling, and automated modules designed to support complex front-end and back-end processes in semiconductor fabs.
Ultra Clean’s product portfolio encompasses a range of cleaning systems and consumables aimed at particle and film removal, as well as CMP slurries and pads that are engineered for uniform material removal and planarization.
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