Ultra Clean (NASDAQ:UCTT) Share Price Passes Above 200 Day Moving Average of $41.77

Ultra Clean Holdings, Inc. (NASDAQ:UCTT)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $41.77 and traded as high as $49.67. Ultra Clean shares last traded at $49.00, with a volume of 2,149,066 shares traded.

Analyst Ratings Changes

A number of analysts recently issued reports on UCTT shares. TD Cowen raised their price target on shares of 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 increased their price objective on shares of Ultra Clean from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Ultra Clean presently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

Ultra Clean Trading Up 3.4 %

The firm has a market capitalization of $2.19 billion, a PE ratio of -59.76 and a beta of 2.11. The firm has a fifty day moving average of $45.19 and a 200 day moving average of $41.77. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 2.76.

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

Insider Transactions at Ultra Clean

In other news, CFO Sheri Savage sold 15,319 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $46.00, for a total value of $704,674.00. Following the completion of the sale, the chief financial officer now owns 75,044 shares of the company’s stock, valued at approximately $3,452,024. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Brian E. Harding sold 11,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $43.89, for a total value of $482,790.00. Following the sale, the chief accounting officer now owns 37,415 shares of the company’s stock, valued at approximately $1,642,144.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sheri Savage sold 15,319 shares of Ultra Clean stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $46.00, for a total transaction of $704,674.00. Following the completion of the sale, the chief financial officer now owns 75,044 shares in the company, valued at $3,452,024. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,048 shares of company stock valued at $2,813,361. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ultra Clean

Several hedge funds and other institutional investors have recently made changes to their positions in the business. SummerHaven Investment Management LLC lifted its position in Ultra Clean by 1.8% in the fourth quarter. SummerHaven Investment Management LLC now owns 19,384 shares of the semiconductor company’s stock worth $662,000 after purchasing an additional 347 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Ultra Clean by 19.4% in the fourth 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. Texas Permanent School Fund Corp boosted its stake 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 valued at $1,803,000 after buying an additional 525 shares in the last quarter. Everence Capital Management Inc. grew its holdings in Ultra Clean by 7.1% during the fourth quarter. Everence Capital Management Inc. now owns 7,980 shares of the semiconductor company’s stock worth $272,000 after acquiring an additional 530 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its position in Ultra Clean by 1.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 43,842 shares of the semiconductor company’s stock worth $2,012,000 after acquiring an additional 833 shares in the last quarter. 96.06% of the stock is currently owned by institutional investors and hedge funds.

Ultra Clean Company Profile

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.