Ultra Clean Holdings, Inc. (NASDAQ:UCTT) General Counsel Paul Yoonku Cho Sells 3,449 Shares

Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Get Free Report) General Counsel Paul Yoonku Cho sold 3,449 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $44.79, for a total value of $154,480.71. Following the sale, the general counsel now owns 17,166 shares in the company, valued at approximately $768,865.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ultra Clean Trading Down 0.7 %

Ultra Clean stock traded down $0.33 during mid-day trading on Tuesday, hitting $46.17. The stock had a trading volume of 114,404 shares, compared to its average volume of 302,544. The stock has a market capitalization of $2.06 billion, a PE ratio of -56.30 and a beta of 2.02. Ultra Clean Holdings, Inc. has a 12 month low of $22.15 and a 12 month high of $49.25. The company has a current ratio of 2.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.52. The stock has a 50-day simple moving average of $43.64 and a two-hundred day simple moving average of $37.99.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last issued its earnings results on Wednesday, February 21st. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $444.80 million for the quarter, compared to analyst estimates of $444.99 million. Ultra Clean had a negative net margin of 2.09% and a positive return on equity of 2.19%.

Institutional Trading of Ultra Clean

Institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. bought a new position in shares of Ultra Clean in the 4th quarter worth $59,000. TFO Wealth Partners LLC boosted its holdings in Ultra Clean by 27,160.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,726 shares of the semiconductor company's stock worth $93,000 after buying an additional 2,716 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Ultra Clean during the 1st quarter worth about $96,000. PNC Financial Services Group Inc. increased its stake in shares of Ultra Clean by 19.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,164 shares of the semiconductor company's stock valued at $108,000 after acquiring an additional 514 shares during the last quarter. Finally, Stoneridge Investment Partners LLC bought a new position in Ultra Clean during the 4th quarter worth approximately $202,000. Institutional investors and hedge funds own 96.06% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. 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 report on Tuesday, May 7th. TD Cowen increased their price target on shares of Ultra Clean from $47.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, May 7th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $57.00.

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.

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