Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Insider Jeffrey L. Mckibben Sells 6,294 Shares

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) insider Jeffrey L. Mckibben sold 6,294 shares of the firm’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $20.87, for a total transaction of $131,355.78. Following the sale, the insider now owns 21,996 shares of the company’s stock, valued at $459,056.52. This represents a 22.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ultra Clean Trading Up 1.4%

Shares of NASDAQ UCTT opened at $20.72 on Friday. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $935.49 million, a PE ratio of 259.03, a PEG ratio of 0.51 and a beta of 2.05. Ultra Clean Holdings, Inc. has a twelve month low of $16.66 and a twelve month high of $56.47. The stock has a fifty day simple moving average of $20.21 and a 200-day simple moving average of $29.07.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $526.13 million. Ultra Clean had a net margin of 0.18% and a return on equity of 4.08%. Ultra Clean’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS. On average, equities analysts forecast that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UCTT. Needham & Company LLC cut their price target 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. Oppenheimer cut their price target 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. Wall Street Zen downgraded shares of Ultra Clean from a “hold” rating to a “sell” rating in a report on Wednesday, April 30th. Finally, TD Cowen cut their price target 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. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Ultra Clean presently has a consensus rating of “Moderate Buy” and an average price target of $37.00.

Institutional Investors Weigh In On Ultra Clean

Several institutional investors and hedge funds have recently modified their holdings of UCTT. Shapiro Capital Management LLC raised its holdings 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 buying an additional 1,099,899 shares during the period. Boston Partners raised its holdings 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 buying an additional 718,717 shares during the period. Invesco Ltd. raised its holdings 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 buying an additional 649,642 shares during the period. Goodman Financial Corp purchased a new stake in shares of Ultra Clean in the 4th quarter valued at $13,900,000. Finally, Nuveen LLC purchased a new stake in shares of Ultra Clean in the 1st quarter valued at $6,893,000. Hedge funds and other institutional investors 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.