Ultra Clean Holdings, Inc. (NASDAQ:UCTT) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 1,298,801 shares, an increase of 28.4% from the July 14th total of 1,011,820 shares. Based on an average daily volume of 1,168,309 shares, the days-to-cover ratio is presently 1.1 days. Approximately 4.2% of the company’s stock are short sold.

Shares of Ultra Clean Holdings (NASDAQ UCTT) opened at 22.08 on Friday. Ultra Clean Holdings has a 52 week low of $6.43 and a 52 week high of $26.21. The company’s 50 day moving average is $21.71 and its 200-day moving average is $18.37. The stock has a market capitalization of $738.18 million, a PE ratio of 15.98 and a beta of 1.19.

Ultra Clean Holdings (NASDAQ:UCTT) last posted its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.62 earnings per share (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 quarter last year, the firm posted $0.10 earnings per share. The firm’s revenue was up 75.8% compared to the same quarter last year. On average, equities analysts predict that Ultra Clean Holdings will post $2.28 earnings per share for the current year.

UCTT has been the topic of a number of research analyst reports. ValuEngine upgraded shares of Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th. Cowen and Company initiated coverage on shares of Ultra Clean Holdings in a research note on Thursday, June 15th. They issued a “market perform” rating and a $26.00 target price on the stock. Needham & Company LLC boosted their target price on shares of Ultra Clean Holdings from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Stifel Nicolaus boosted their target price on shares of Ultra Clean Holdings from $18.00 to $20.00 and gave the company a “hold” rating in a research note on Monday, July 10th. Finally, BidaskClub cut shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $27.83.

In other Ultra Clean Holdings news, CFO Sheri Brumm sold 20,512 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $22.85, for a total value of $468,699.20. Following the transaction, the chief financial officer now directly owns 170,939 shares in the company, valued at $3,905,956.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Leonid Mezhvinsky sold 6,800 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $23.26, for a total transaction of $158,168.00. Following the completion of the transaction, the director now owns 33,500 shares in the company, valued at $779,210. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 94,484 shares of company stock worth $2,119,172. 2.60% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of UCTT. State Board of Administration of Florida Retirement System increased its position in shares of Ultra Clean Holdings by 0.5% in the first 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 buying an additional 69 shares in the last quarter. Legal & General Group Plc increased its position in shares of Ultra Clean Holdings by 4.2% in the second quarter. Legal & General Group Plc now owns 7,824 shares of the semiconductor company’s stock valued at $146,000 after buying an additional 314 shares in the last quarter. Greenwood Capital Associates LLC increased its position in shares of Ultra Clean Holdings by 3.1% in the first quarter. Greenwood Capital Associates LLC now owns 11,076 shares of the semiconductor company’s stock valued at $187,000 after buying an additional 334 shares in the last quarter. American International Group Inc. increased its position in shares of Ultra Clean Holdings by 7.1% in the first quarter. American International Group Inc. now owns 19,769 shares of the semiconductor company’s stock valued at $334,000 after buying an additional 1,313 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Ultra Clean Holdings by 1.3% in the second quarter. California Public Employees Retirement System now owns 105,800 shares of the semiconductor company’s stock valued at $1,984,000 after buying an additional 1,400 shares in the last quarter. 83.33% of the stock is currently owned by institutional investors and hedge funds.

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Ultra Clean Holdings Company Profile

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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