Insider Selling: Ultra Clean Holdings, Inc. (NASDAQ:UCTT) General Counsel Sells 4,084 Shares of Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Get Free Report) General Counsel Paul Yoonku Cho sold 4,084 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $21.06, for a total value of $86,009.04. Following the completion of the transaction, the general counsel now directly owns 23,345 shares of the company's stock, valued at approximately $491,645.70. The trade was a 14.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Ultra Clean Stock Down 0.4%

Shares of Ultra Clean stock traded down $0.08 on Wednesday, hitting $21.57. 745,201 shares of the company traded hands, compared to its average volume of 543,443. Ultra Clean Holdings, Inc. has a 12-month low of $16.66 and a 12-month high of $56.47. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. The company has a market cap of $973.86 million, a PE ratio of 269.66, a PEG ratio of 0.51 and a beta of 2.05. The company has a 50-day moving average price of $20.26 and a 200 day moving average price of $28.81.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last announced its quarterly 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 for 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 firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Sell-side analysts predict that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current year.

Institutional Trading of Ultra Clean

A number of institutional investors and hedge funds have recently made changes to their positions in UCTT. Barclays PLC lifted its holdings in Ultra Clean by 395.1% in 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. KBC Group NV boosted its holdings in shares of Ultra Clean by 76.3% during the 4th quarter. KBC Group NV now owns 2,561 shares of the semiconductor company's stock worth $92,000 after buying an additional 1,108 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Ultra Clean by 257.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 46,581 shares of the semiconductor company's stock valued at $1,675,000 after buying an additional 33,541 shares during the last quarter. Legato Capital Management LLC acquired a new stake in Ultra Clean in the 4th quarter valued at approximately $777,000. Finally, Rhumbline Advisers increased its holdings in shares of Ultra Clean by 0.9% during the 4th quarter. Rhumbline Advisers now owns 127,713 shares of the semiconductor company's stock worth $4,591,000 after purchasing an additional 1,131 shares during the period. Institutional investors and hedge funds own 96.06% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on UCTT. Oppenheimer cut their price objective on Ultra Clean from $60.00 to $30.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Wall Street Zen downgraded shares of Ultra Clean from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Needham & Company LLC reduced their target price on Ultra Clean from $40.00 to $26.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Finally, TD Cowen lowered their price target on Ultra Clean from $48.00 to $32.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company 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.