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 dated Wednesday, June 4th. The shares were sold at an average price of $20.87, for a total value of $131,355.78. Following the sale, the insider now owns 21,996 shares of the company's stock, valued at approximately $459,056.52. This represents a 22.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Ultra Clean Price Performance

NASDAQ UCTT traded up $0.29 during trading hours on Friday, reaching $20.72. The company's stock had a trading volume of 590,155 shares, compared to its average volume of 469,683. The firm's 50-day moving average price is $20.21 and its 200-day moving average price is $29.07. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. Ultra Clean Holdings, Inc. has a 1 year low of $16.66 and a 1 year high of $56.47. The company has a market capitalization of $935.49 million, a price-to-earnings ratio of 259.03, a PEG ratio of 0.51 and a beta of 2.05.

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

Institutional Trading of Ultra Clean

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Strs Ohio purchased a new stake in Ultra Clean in the first quarter worth $407,000. Jane Street Group LLC increased its stake in Ultra Clean by 1,987.5% in the first quarter. Jane Street Group LLC now owns 148,214 shares of the semiconductor company's stock worth $3,173,000 after purchasing an additional 141,114 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Ultra Clean by 18.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,094 shares of the semiconductor company's stock worth $1,822,000 after purchasing an additional 13,005 shares during the period. Petrus Trust Company LTA purchased a new stake in Ultra Clean in the first quarter worth $275,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ultra Clean by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,425 shares of the semiconductor company's stock worth $566,000 after purchasing an additional 1,257 shares during the period. Hedge funds and other institutional investors own 96.06% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wall Street Zen cut Ultra Clean from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Oppenheimer lowered their price objective on Ultra Clean from $60.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. TD Cowen lowered their price objective on Ultra Clean from $48.00 to $32.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Finally, Needham & Company LLC lowered their price objective on Ultra Clean from $40.00 to $26.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus 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.