Insider Buying: Ultra Clean Holdings Inc (UCTT) SVP Buys 4,204 Shares of Stock

Ultra Clean Holdings Inc (NASDAQ:UCTT) SVP David Speirs acquired 4,204 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The stock was acquired at an average price of $14.29 per share, with a total value of $60,075.16. Following the completion of the acquisition, the senior vice president now directly owns 147,920 shares of the company’s stock, valued at approximately $2,113,776.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

David Speirs also recently made the following trade(s):

  • On Wednesday, March 15th, David Speirs sold 9,958 shares of Ultra Clean Holdings stock. The stock was sold at an average price of $14.60, for a total transaction of $145,386.80.
  • On Monday, April 17th, David Speirs sold 44,129 shares of Ultra Clean Holdings stock. The stock was sold at an average price of $15.11, for a total transaction of $666,789.19.

Shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) opened at 21.59 on Friday. The firm’s 50-day moving average is $18.52 and its 200-day moving average is $13.51. Ultra Clean Holdings Inc has a 12-month low of $5.36 and a 12-month high of $22.83. The company has a market capitalization of $713.79 million, a PE ratio of 26.43 and a beta of 1.26.

Ultra Clean Holdings (NASDAQ:UCTT) last announced its earnings results on Wednesday, April 26th. The semiconductor company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05. The business had revenue of $204.60 million for the quarter, compared to the consensus estimate of $192.61 million. Ultra Clean Holdings had a negative net margin of 3.19% and a positive return on equity of 3.10%. Ultra Clean Holdings’s quarterly revenue was up 82.4% compared to the same quarter last year. On average, equities research analysts anticipate that Ultra Clean Holdings Inc will post $1.71 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Ultra Clean Holdings (NASDAQ:UCTT)

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A number of brokerages recently issued reports on UCTT. Stifel Nicolaus upped their price objective on shares of Ultra Clean Holdings from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Zacks Investment Research cut shares of Ultra Clean Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 26th. Needham & Company LLC upped their price objective on shares of Ultra Clean Holdings from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, April 27th. Finally, TheStreet upgraded shares of Ultra Clean Holdings from a “c” rating to a “b-” rating in a report on Thursday, February 23rd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $17.38.

Several hedge funds and other institutional investors have recently bought and sold shares of UCTT. California Public Employees Retirement System increased its position in Ultra Clean Holdings by 14.6% in the third quarter. California Public Employees Retirement System now owns 149,700 shares of the semiconductor company’s stock valued at $1,109,000 after buying an additional 19,100 shares during the period. Espalier Global Management LLC acquired a new position in Ultra Clean Holdings during the third quarter valued at approximately $1,112,000. G2 Investment Partners Management LLC acquired a new position in Ultra Clean Holdings during the third quarter valued at approximately $167,000. Russell Investments Group Ltd. acquired a new position in Ultra Clean Holdings during the fourth quarter valued at approximately $1,566,000. Finally, State Board of Administration of Florida Retirement System increased its position in Ultra Clean Holdings by 2.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 12,549 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 251 shares during the period. 66.26% of the stock is currently owned by hedge funds and other institutional investors.

About Ultra Clean Holdings

Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.

12 Month Chart for NASDAQ:UCTT

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