Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Director David T. Ibnale sold 10,000 shares of Ultra Clean Holdings stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $22.95, for a total value of $229,500.00. Following the transaction, the director now owns 76,000 shares of the company’s stock, valued at approximately $1,744,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Ultra Clean Holdings, Inc. (NASDAQ UCTT) opened at 22.31 on Monday. Ultra Clean Holdings, Inc. has a 12-month low of $6.58 and a 12-month high of $26.21. The company has a market cap of $745.87 million, a price-to-earnings ratio of 16.14 and a beta of 1.22. The firm has a 50 day moving average price of $22.91 and a 200-day moving average price of $19.80.

Ultra Clean Holdings (NASDAQ:UCTT) last issued its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.51 by $0.11. Ultra Clean Holdings had a return on equity of 24.16% and a net margin of 6.25%. The firm had revenue of $228.26 million during the quarter, compared to analyst estimates of $213.92 million. During the same quarter in the prior year, the business posted $0.10 EPS. The business’s revenue for the quarter was up 75.8% compared to the same quarter last year. On average, equities analysts expect that Ultra Clean Holdings, Inc. will post $2.29 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This story was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this story can be accessed at https://www.watchlistnews.com/insider-selling-ultra-clean-holdings-inc-uctt-director-sells-229500-00-in-stock/1554090.html.

Several institutional investors and hedge funds have recently modified their holdings of UCTT. Teachers Advisors LLC lifted its holdings in shares of Ultra Clean Holdings by 5.1% during the 4th quarter. Teachers Advisors LLC now owns 49,403 shares of the semiconductor company’s stock valued at $479,000 after purchasing an additional 2,409 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Ultra Clean Holdings by 23.2% during the 1st quarter. Russell Investments Group Ltd. now owns 196,166 shares of the semiconductor company’s stock valued at $3,309,000 after purchasing an additional 36,964 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Ultra Clean Holdings by 42.4% during the 1st quarter. Wells Fargo & Company MN now owns 64,881 shares of the semiconductor company’s stock valued at $1,094,000 after purchasing an additional 19,326 shares during the last quarter. LSV Asset Management purchased a new stake in shares of Ultra Clean Holdings during the 1st quarter valued at $293,000. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Ultra Clean Holdings by 0.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 12,618 shares of the semiconductor company’s stock valued at $213,000 after purchasing an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 77.68% of the company’s stock.

A number of brokerages have issued reports on UCTT. BidaskClub cut Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine upgraded Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Dougherty & Co lifted their price objective on Ultra Clean Holdings from $29.50 to $32.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Craig Hallum lifted their price objective on Ultra Clean Holdings from $25.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, Needham & Company LLC lifted their price objective on Ultra Clean Holdings from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target 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)

Receive News & Ratings for Ultra Clean Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Clean Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.