Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Insider Jeffrey L. Mckibben Sells 6,294 Shares

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) insider Jeffrey L. Mckibben sold 6,294 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $20.87, for a total transaction of $131,355.78. Following the completion of the sale, the insider now directly owns 21,996 shares of the company’s stock, valued at $459,056.52. This represents a 22.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Ultra Clean Price Performance

Shares of Ultra Clean stock opened at $20.72 on Monday. Ultra Clean Holdings, Inc. has a 1-year low of $16.66 and a 1-year high of $56.47. The firm has a fifty day simple moving average of $20.21 and a 200-day simple moving average of $28.97. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $935.49 million, a price-to-earnings ratio of 259.03, a PEG ratio of 0.51 and a beta of 2.05.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings results on Monday, April 28th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.03). The firm had revenue of $518.60 million for the quarter, compared to the consensus estimate of $526.13 million. Ultra Clean had a net margin of 0.18% and a return on equity of 4.08%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $0.27 earnings per share. On average, sell-side analysts expect that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current year.

Wall Street Analyst Weigh In

UCTT has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Ultra Clean from a “hold” rating to a “sell” rating in a report on Wednesday, April 30th. Oppenheimer cut their target price on Ultra Clean from $60.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Needham & Company LLC reduced their price target on Ultra Clean from $40.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. Finally, TD Cowen lowered their price objective on Ultra Clean from $48.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $37.00.

Institutional Trading of Ultra Clean

Hedge funds have recently added to or reduced their stakes in the business. Byrne Asset Management LLC bought a new position in Ultra Clean during the first quarter worth $25,000. Headlands Technologies LLC acquired a new position in Ultra Clean in the fourth quarter worth about $26,000. Versant Capital Management Inc lifted its position in shares of Ultra Clean by 386.9% during the 1st quarter. Versant Capital Management Inc now owns 1,412 shares of the semiconductor company’s stock worth $30,000 after buying an additional 1,122 shares during the period. Brooklyn Investment Group bought a new position in shares of Ultra Clean during the first quarter valued at $33,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Ultra Clean by 694.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 854 shares during the last quarter. Institutional investors own 96.06% of the company’s stock.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.