Ultra Clean (NASDAQ:UCTT) Stock Price Down 3.6% – Should You Sell?

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) shares traded down 3.6% on Friday . The company traded as low as $21.75 and last traded at $21.72. 64,210 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 458,826 shares. The stock had previously closed at $22.52.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Oppenheimer dropped their price objective on shares of Ultra Clean from $60.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, April 11th. TD Cowen dropped their price objective on shares of Ultra Clean from $48.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Needham & Company LLC dropped their price objective on shares of Ultra Clean from $40.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Finally, StockNews.com lowered shares of Ultra Clean from a “hold” rating to a “sell” rating in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.00.

Ultra Clean Trading Down 2.1%

The business’s fifty day moving average is $21.27 and its 200-day moving average is $30.62. The firm has a market cap of $995.54 million, a P/E ratio of 275.66, a price-to-earnings-growth ratio of 0.51 and a beta of 2.09. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.03). The business had revenue of $518.60 million during the quarter, compared to the consensus estimate 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 last year, the business earned $0.27 EPS. Analysts predict that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current year.

Insider Transactions at Ultra Clean

In other news, SVP Jamie J. Palfrey sold 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $19.20, for a total value of $182,400.00. Following the transaction, the senior vice president now owns 30,465 shares in the company, valued at approximately $584,928. The trade was a 23.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ernest E. Maddock purchased 10,000 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was purchased at an average price of $24.29 per share, for a total transaction of $242,900.00. Following the transaction, the director now directly owns 11,000 shares in the company, valued at approximately $267,190. This trade represents a 1,000.00% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of UCTT. Shapiro Capital Management LLC increased its stake in shares of Ultra Clean by 66.8% in the 4th quarter. Shapiro Capital Management LLC now owns 2,746,482 shares of the semiconductor company’s stock valued at $98,736,000 after acquiring an additional 1,099,899 shares in the last quarter. Boston Partners increased its stake in shares of Ultra Clean by 227.1% in the 4th quarter. Boston Partners now owns 1,035,214 shares of the semiconductor company’s stock valued at $37,625,000 after acquiring an additional 718,717 shares in the last quarter. Invesco Ltd. increased its stake in shares of Ultra Clean by 62.9% in the 1st quarter. Invesco Ltd. now owns 1,681,675 shares of the semiconductor company’s stock valued at $36,005,000 after acquiring an additional 649,642 shares in the last quarter. Goodman Financial Corp bought a new stake in shares of Ultra Clean in the 4th quarter valued at $13,900,000. Finally, Nuveen LLC bought a new stake in shares of Ultra Clean in the 1st quarter valued at $6,893,000. Institutional investors and hedge funds own 96.06% of the company’s stock.

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.