Ultra Clean Holdings, Inc. (NASDAQ:UCTT) CFO Sheri Savage Sells 9,682 Shares

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) CFO Sheri Savage sold 9,682 shares of Ultra Clean stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $51.08, for a total value of $494,556.56. Following the completion of the sale, the chief financial officer now owns 62,654 shares of the company’s stock, valued at $3,200,366.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Sheri Savage also recently made the following trade(s):

• On Monday, June 10th, Sheri Savage sold 2,708 shares of Ultra Clean stock. The shares were sold at an average price of $47.18, for a total transaction of $127,763.44.
• On Friday, June 7th, Sheri Savage sold 15,319 shares of Ultra Clean stock. The shares were sold at an average price of $46.00, for a total transaction of $704,674.00.

Ultra Clean Stock Up 1.7 %

UCTT stock opened at $51.63 on Friday. Ultra Clean Holdings, Inc. has a one year low of $22.15 and a one year high of $51.96. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.76 and a quick ratio of 1.58. The firm has a 50-day simple moving average of $46.09 and a two-hundred day simple moving average of $42.34.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Needham & Company LLC lifted their price objective on shares of Ultra Clean from $50.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. TD Cowen lifted 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. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $57.00.

Institutional Trading of Ultra Clean

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Ultra Clean by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 4,360,555 shares of the semiconductor company’s stock worth $148,869,000 after buying an additional 148,819 shares during the last quarter. Frontier Capital Management Co. LLC boosted its holdings in Ultra Clean by 37.5% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,559,943 shares of the semiconductor company’s stock worth $87,396,000 after acquiring an additional 698,242 shares in the last quarter. Swedbank AB acquired a new stake in Ultra Clean in the first quarter worth about $111,828,000. Vaughan Nelson Investment Management L.P. grew its stake in shares of Ultra Clean by 47.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 808,723 shares of the semiconductor company’s stock worth $37,152,000 after acquiring an additional 260,740 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Ultra Clean by 8.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 591,891 shares of the semiconductor company’s stock valued at $20,207,000 after acquiring an additional 46,076 shares in the last quarter. Hedge funds and other institutional investors own 96.06% of the company’s stock.

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.