Ultra Clean (NASDAQ:UCTT) Shares Up 4.6%

Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Get Free Report)'s share price shot up 4.6% on Monday . The stock traded as high as $47.31 and last traded at $47.16. 54,720 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 301,840 shares. The stock had previously closed at $45.10.

Wall Street Analyst Weigh In

UCTT has been the subject of a number of research analyst reports. TD Cowen boosted their price objective on Ultra Clean from $47.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, May 7th. Needham & Company LLC boosted 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. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $57.00.

Ultra Clean Trading Up 3.1 %

The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 2.76. The stock has a market capitalization of $2.08 billion, a P/E ratio of -56.71 and a beta of 2.02. The firm's fifty day simple moving average is $43.63 and its 200 day simple moving average is $37.85.

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

Insider Activity at Ultra Clean

In other Ultra Clean news, CAO Brian E. Harding sold 11,000 shares of the business's stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $43.89, for a total transaction of $482,790.00. Following the sale, the chief accounting officer now owns 37,415 shares of the company's stock, valued at $1,642,144.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO Brian E. Harding sold 11,000 shares of the business's stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $43.89, for a total transaction of $482,790.00. Following the sale, the chief accounting officer now directly owns 37,415 shares in the company, valued at $1,642,144.35. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Clarence L. Granger sold 5,000 shares of Ultra Clean stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $43.50, for a total transaction of $217,500.00. Following the sale, the director now owns 92,134 shares in the company, valued at $4,007,829. The disclosure for this sale can be found here. Insiders sold a total of 36,276 shares of company stock valued at $1,591,301 in the last quarter. Insiders own 2.20% of the company's stock.

Institutional Trading of Ultra Clean

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank grew its position in shares of Ultra Clean by 512.5% in the 1st quarter. Comerica Bank now owns 134,289 shares of the semiconductor company's stock valued at $6,169,000 after buying an additional 112,366 shares during the last quarter. AWM Investment Company Inc. boosted its holdings in Ultra Clean by 7.6% in the first quarter. AWM Investment Company Inc. now owns 142,248 shares of the semiconductor company's stock valued at $6,535,000 after acquiring an additional 10,000 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Ultra Clean by 39.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,322 shares of the semiconductor company's stock valued at $1,348,000 after purchasing an additional 8,265 shares during the period. Tyro Capital Management LLC bought a new position in Ultra Clean during the 1st quarter worth approximately $2,005,000. Finally, Hood River Capital Management LLC acquired a new position in shares of Ultra Clean in the 1st quarter worth approximately $10,915,000. 96.06% of the stock is currently owned by institutional investors and hedge funds.

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.