Ultra Clean Holdings, Inc. (NASDAQ:UCTT) General Counsel Sells $107,529.76 in Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Get Rating) General Counsel Paul Yoonku Cho sold 3,536 shares of Ultra Clean stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $30.41, for a total transaction of $107,529.76. Following the transaction, the general counsel now directly owns 21,006 shares of the company’s stock, valued at $638,792.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of UCTT opened at $31.99 on Friday. The stock has a market capitalization of $1.46 billion, a PE ratio of 11.85 and a beta of 2.06. Ultra Clean Holdings, Inc. has a 1 year low of $29.03 and a 1 year high of $60.84. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.63 and a current ratio of 2.69. The company’s 50-day simple moving average is $37.28 and its 200-day simple moving average is $47.54.

Ultra Clean (NASDAQ:UCTT – Get Rating) last announced its earnings results on Wednesday, April 27th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Ultra Clean had a return on equity of 20.43% and a net margin of 5.44%. During the same quarter in the previous year, the business earned $0.84 EPS. On average, sell-side analysts predict that Ultra Clean Holdings, Inc. will post 4.14 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. Green Alpha Advisors LLC grew its position in Ultra Clean by 1.0% in the fourth quarter. Green Alpha Advisors LLC now owns 20,007 shares of the semiconductor company’s stock valued at $1,148,000 after acquiring an additional 196 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Ultra Clean by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 21,700 shares of the semiconductor company’s stock valued at $1,245,000 after purchasing an additional 200 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Ultra Clean by 8.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,700 shares of the semiconductor company’s stock valued at $154,000 after purchasing an additional 200 shares during the period. Intrust Bank NA grew its holdings in Ultra Clean by 4.9% during the fourth quarter. Intrust Bank NA now owns 4,943 shares of the semiconductor company’s stock worth $284,000 after acquiring an additional 232 shares during the period. Finally, Ellevest Inc. increased its stake in Ultra Clean by 16.2% in the 4th quarter. Ellevest Inc. now owns 1,822 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 254 shares in the last quarter. 83.46% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on UCTT shares. DA Davidson reduced their price target on shares of Ultra Clean from $80.00 to $65.00 in a report on Thursday, April 28th. StockNews.com assumed coverage on shares of Ultra Clean in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research downgraded shares of Ultra Clean from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Finally, Needham & Company LLC dropped their price objective on shares of Ultra Clean from $66.00 to $53.00 and set a “buy” rating on the stock in a report on Tuesday, April 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $57.00.

Ultra Clean Company Profile (Get Rating)

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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