Ultra Clean Holdings Inc (UCTT) SVP Sells $64,422.69 in Stock

Ultra Clean Holdings Inc (NASDAQ:UCTT) SVP Ronald D’ercole sold 3,009 shares of the stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $21.41, for a total transaction of $64,422.69. Following the transaction, the senior vice president now owns 58,909 shares in the company, valued at $1,261,241.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Ronald D’ercole also recently made the following trade(s):

  • On Tuesday, October 31st, Ronald D’ercole sold 5,202 shares of Ultra Clean stock. The shares were sold at an average price of $24.49, for a total transaction of $127,396.98.
  • On Friday, September 29th, Ronald D’ercole sold 1,457 shares of Ultra Clean stock. The shares were sold at an average price of $30.47, for a total transaction of $44,394.79.

Ultra Clean Holdings Inc (UCTT) traded down $0.21 during midday trading on Thursday, hitting $21.15. 490,865 shares of the company’s stock were exchanged, compared to its average volume of 990,770. The stock has a market capitalization of $736.78, a PE ratio of 11.25, a P/E/G ratio of 0.62 and a beta of 1.02. Ultra Clean Holdings Inc has a fifty-two week low of $9.42 and a fifty-two week high of $34.59. The company has a current ratio of 2.06, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.02). The company had revenue of $242.60 million during the quarter, compared to analysts’ expectations of $239.11 million. Ultra Clean had a return on equity of 28.77% and a net margin of 7.55%. The company’s quarterly revenue was up 65.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 EPS. sell-side analysts forecast that Ultra Clean Holdings Inc will post 2.34 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. purchased a new position in shares of Ultra Clean during the second quarter worth $2,993,000. Vanguard Group Inc. raised its holdings in shares of Ultra Clean by 32.3% during the second quarter. Vanguard Group Inc. now owns 1,636,857 shares of the semiconductor company’s stock worth $30,691,000 after purchasing an additional 399,627 shares during the last quarter. Columbia Partners L L C Investment Management purchased a new position in shares of Ultra Clean during the third quarter worth $698,000. Alps Advisors Inc. purchased a new position in shares of Ultra Clean during the third quarter worth $600,000. Finally, Sanctuary Wealth Advisors LLC purchased a new position in shares of Ultra Clean during the third quarter worth $3,843,000. 75.48% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on UCTT. Zacks Investment Research upgraded shares of Ultra Clean from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday, December 20th. Dougherty & Co raised their target price on shares of Ultra Clean from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Needham & Company LLC lowered their target price on shares of Ultra Clean from $36.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. Cowen raised their target price on shares of Ultra Clean from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, October 18th. Finally, Stifel Nicolaus upgraded shares of Ultra Clean from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Monday, December 4th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Ultra Clean currently has an average rating of “Buy” and a consensus target price of $31.17.

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About Ultra Clean

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.

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