Ultra Clean Holdings, Inc. (UCTT) SVP David Speirs Sells 19,029 Shares

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) SVP David Speirs sold 19,029 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $24.04, for a total transaction of $457,457.16. Following the transaction, the senior vice president now owns 100,879 shares in the company, valued at $2,425,131.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Ultra Clean Holdings, Inc. (NASDAQ UCTT) traded up 3.89% on Friday, reaching $26.96. 2,159,437 shares of the company’s stock traded hands. The company has a 50 day moving average price of $23.03 and a 200 day moving average price of $20.21. Ultra Clean Holdings, Inc. has a 52 week low of $6.79 and a 52 week high of $26.98. The firm has a market capitalization of $901.33 million, a price-to-earnings ratio of 19.51 and a beta of 1.22.

Ultra Clean Holdings (NASDAQ:UCTT) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.11. Ultra Clean Holdings had a net margin of 6.25% and a return on equity of 24.16%. The company had revenue of $228.26 million for the quarter, compared to the consensus estimate of $213.92 million. During the same period in the previous year, the firm earned $0.10 EPS. Ultra Clean Holdings’s revenue was up 75.8% on a year-over-year basis. On average, equities research analysts predict that Ultra Clean Holdings, Inc. will post $2.29 earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the business. Navellier & Associates Inc raised its position in shares of Ultra Clean Holdings by 103.9% during the 2nd quarter. Navellier & Associates Inc now owns 75,973 shares of the semiconductor company’s stock worth $1,424,000 after buying an additional 38,711 shares in the last quarter. ZPR Investment Management bought a new stake in shares of Ultra Clean Holdings during the 2nd quarter worth about $1,490,000. Private Advisory Group LLC bought a new stake in shares of Ultra Clean Holdings during the 2nd quarter worth about $313,000. The Manufacturers Life Insurance Company raised its position in shares of Ultra Clean Holdings by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,505 shares of the semiconductor company’s stock worth $496,000 after buying an additional 454 shares in the last quarter. Finally, State Street Corp raised its position in shares of Ultra Clean Holdings by 14.0% during the 2nd quarter. State Street Corp now owns 601,912 shares of the semiconductor company’s stock worth $11,285,000 after buying an additional 74,084 shares in the last quarter. Institutional investors own 77.68% of the company’s stock.

Several research analysts have weighed in on the stock. ValuEngine lowered shares of Ultra Clean Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 9th. Dougherty & Co upped their target price on shares of Ultra Clean Holdings from $29.50 to $32.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Craig Hallum upped their target price on shares of Ultra Clean Holdings from $25.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Needham & Company LLC upped their target price on shares of Ultra Clean Holdings from $22.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Cowen and Company set a $26.00 target price on shares of Ultra Clean Holdings and gave the stock a “hold” rating in a research report on Friday, July 28th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $27.83.

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.

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

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