Ultra Clean Target of Unusually High Options Trading (UCTT)

Ultra Clean Holdings Inc (NASDAQ:UCTT) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 2,502 call options on the company. This is an increase of approximately 1,638% compared to the typical daily volume of 144 call options.

In other news, CFO Sheri Savage sold 30,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $10.17, for a total value of $305,100.00. Following the transaction, the chief financial officer now owns 135,491 shares of the company’s stock, valued at approximately $1,377,943.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Ultra Clean by 2.3% during the 3rd quarter. BlackRock Inc. now owns 5,699,153 shares of the semiconductor company’s stock valued at $71,524,000 after purchasing an additional 129,142 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in Ultra Clean by 2.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,540,000 shares of the semiconductor company’s stock valued at $13,044,000 after purchasing an additional 40,000 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Ultra Clean by 3.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 507,953 shares of the semiconductor company’s stock valued at $6,374,000 after purchasing an additional 17,818 shares in the last quarter. Palouse Capital Management Inc. increased its stake in Ultra Clean by 67.6% during the 4th quarter. Palouse Capital Management Inc. now owns 17,107 shares of the semiconductor company’s stock valued at $145,000 after purchasing an additional 6,898 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in Ultra Clean by 432.1% during the 3rd quarter. Deutsche Bank AG now owns 1,017,075 shares of the semiconductor company’s stock valued at $12,761,000 after purchasing an additional 825,921 shares in the last quarter. Institutional investors and hedge funds own 92.05% of the company’s stock.

Shares of NASDAQ UCTT opened at $12.14 on Wednesday. Ultra Clean has a 1 year low of $6.94 and a 1 year high of $19.59. The stock has a market cap of $448.21 million, a P/E ratio of 6.47, a price-to-earnings-growth ratio of 0.96 and a beta of 1.16. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.32 and a quick ratio of 1.99.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings results on Thursday, February 21st. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Ultra Clean had a net margin of 3.34% and a return on equity of 15.42%. The business had revenue of $257.39 million for the quarter, compared to analysts’ expectations of $248.30 million. As a group, research analysts forecast that Ultra Clean will post 0.86 earnings per share for the current fiscal year.

Several equities analysts recently commented on the stock. ValuEngine lowered shares of Ultra Clean from a “hold” rating to a “sell” rating in a report on Monday, April 1st. BidaskClub raised shares of Ultra Clean from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Craig Hallum raised shares of Ultra Clean from a “hold” rating to a “buy” rating in a research report on Monday, March 11th. They noted that the move was a valuation call. Finally, Needham & Company LLC reissued a “buy” rating and set a $15.00 price target (up from $13.00) on shares of Ultra Clean in a research report on Friday, February 22nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Ultra Clean currently has an average rating of “Hold” and a consensus target price of $20.60.

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About Ultra Clean

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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