Insider Selling: Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Insider Sells 6,294 Shares of Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Get Free Report) insider Jeffrey L. Mckibben sold 6,294 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $20.87, for a total value of $131,355.78. Following the transaction, the insider now directly owns 21,996 shares in the company, valued at approximately $459,056.52. This represents a 22.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Ultra Clean Stock Performance

UCTT traded up $0.62 during trading on Monday, reaching $21.34. 766,716 shares of the company's stock were exchanged, compared to its average volume of 472,062. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63. Ultra Clean Holdings, Inc. has a 1 year low of $16.66 and a 1 year high of $56.47. The company's fifty day simple moving average is $20.20 and its 200-day simple moving average is $28.86. The stock has a market capitalization of $963.48 million, a P/E ratio of 266.78, a price-to-earnings-growth ratio of 0.51 and a beta of 2.05.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last posted its earnings results on Monday, April 28th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.03). The firm had revenue of $518.60 million during the quarter, compared to analyst estimates of $526.13 million. Ultra Clean had a net margin of 0.18% and a return on equity of 4.08%. The business's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 earnings per share. As a group, research analysts predict that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Institutional Trading of Ultra Clean

Institutional investors have recently made changes to their positions in the company. New York State Common Retirement Fund boosted its position in Ultra Clean by 132.6% during the fourth quarter. New York State Common Retirement Fund now owns 36,225 shares of the semiconductor company's stock worth $1,302,000 after acquiring an additional 20,650 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Ultra Clean by 694.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 854 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Ultra Clean by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 219,821 shares of the semiconductor company's stock worth $7,903,000 after purchasing an additional 6,546 shares in the last quarter. Barclays PLC boosted its holdings in shares of Ultra Clean by 395.1% during the 3rd quarter. Barclays PLC now owns 83,577 shares of the semiconductor company's stock worth $3,337,000 after purchasing an additional 66,695 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Ultra Clean by 32.7% in the fourth quarter. Bank of America Corp DE now owns 161,828 shares of the semiconductor company's stock valued at $5,818,000 after purchasing an additional 39,879 shares in the last quarter. 96.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on UCTT. Needham & Company LLC cut their price target on shares of Ultra Clean from $40.00 to $26.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. TD Cowen dropped their price objective on Ultra Clean from $48.00 to $32.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Wall Street Zen lowered Ultra Clean from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Finally, Oppenheimer cut their price target on Ultra Clean from $60.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, Ultra Clean presently has an average rating of "Moderate Buy" and an average price target of $37.00.

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.