Ultra Clean Holdings Inc (NASDAQ:UCTT) insider Mark Bingaman sold 35,966 shares of the company’s stock in a transaction on Friday, April 13th. The stock was sold at an average price of $19.00, for a total value of $683,354.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of NASDAQ:UCTT opened at $16.62 on Friday. The firm has a market capitalization of $743.23, a price-to-earnings ratio of 7.10, a price-to-earnings-growth ratio of 0.60 and a beta of 0.89. The company has a quick ratio of 0.82, a current ratio of 1.97 and a debt-to-equity ratio of 0.13. Ultra Clean Holdings Inc has a 1 year low of $15.71 and a 1 year high of $34.59.
Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The business had revenue of $248.89 million during the quarter, compared to the consensus estimate of $248.73 million. Ultra Clean had a net margin of 8.12% and a return on equity of 29.62%. The firm’s revenue for the quarter was up 42.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 EPS. equities analysts forecast that Ultra Clean Holdings Inc will post 2.3 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. grew its stake in Ultra Clean by 12.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 28,216 shares of the semiconductor company’s stock valued at $652,000 after purchasing an additional 3,130 shares during the period. MetLife Investment Advisors LLC purchased a new position in shares of Ultra Clean during the 4th quarter valued at $388,000. Macquarie Group Ltd. lifted its position in shares of Ultra Clean by 34.6% during the 4th quarter. Macquarie Group Ltd. now owns 33,072 shares of the semiconductor company’s stock valued at $764,000 after buying an additional 8,500 shares during the last quarter. Millennium Management LLC lifted its position in shares of Ultra Clean by 1,256.4% during the 4th quarter. Millennium Management LLC now owns 785,449 shares of the semiconductor company’s stock valued at $18,136,000 after buying an additional 727,540 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Ultra Clean by 64.6% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 45,930 shares of the semiconductor company’s stock valued at $1,060,000 after buying an additional 18,033 shares during the last quarter. Hedge funds and other institutional investors own 69.31% of the company’s stock.
Several brokerages recently issued reports on UCTT. Zacks Investment Research downgraded Ultra Clean from a “hold” rating to a “strong sell” rating in a report on Thursday. BidaskClub upgraded Ultra Clean from a “strong sell” rating to a “sell” rating in a research note on Wednesday. ValuEngine downgraded Ultra Clean from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, Cowen restated a “hold” rating and issued a $28.00 price objective (down previously from $32.00) on shares of Ultra Clean in a research note on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $31.33.
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Ultra Clean Company Profile
Ultra Clean Holdings, Inc designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products.
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