Ultra Clean Holdings, Inc. (NASDAQ:UCTT)’s share price was down 7.3% during trading on Thursday . The company traded as low as $24.13 and last traded at $24.28. Approximately 1,716,000 shares changed hands during mid-day trading, an increase of 74% from the average daily volume of 986,485 shares. The stock had previously closed at $26.19.

A number of equities analysts have commented on UCTT shares. Cowen Inc set a $26.00 price target on shares of Ultra Clean Holdings and gave the stock a “hold” rating in a research note on Friday, July 28th. Needham & Company LLC boosted their price target on shares of Ultra Clean Holdings from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Craig Hallum boosted their price target on shares of Ultra Clean Holdings from $25.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Dougherty & Co boosted their price target on shares of Ultra Clean Holdings from $29.50 to $32.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, ValuEngine upgraded shares of Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $30.67.

The firm has a market capitalization of $816.47, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 0.69 and a beta of 1.11. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.06 and a quick ratio of 1.09.

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

In other news, SVP Ronald D’ercole sold 1,457 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $30.47, for a total value of $44,394.79. Following the completion of the sale, the senior vice president now directly owns 69,233 shares in the company, valued at approximately $2,109,529.51. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David Speirs sold 19,029 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $24.04, for a total transaction of $457,457.16. Following the completion of the sale, the senior vice president now owns 100,879 shares of the company’s stock, valued at $2,425,131.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,560 shares of company stock valued at $1,309,311. Company insiders own 2.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. ClariVest Asset Management LLC raised its holdings in Ultra Clean Holdings by 1,231.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 479,084 shares of the semiconductor company’s stock valued at $8,982,000 after buying an additional 443,115 shares during the last quarter. Vanguard Group Inc. raised its holdings in Ultra Clean Holdings by 32.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,636,857 shares of the semiconductor company’s stock valued at $30,691,000 after buying an additional 399,627 shares during the last quarter. Nordea Investment Management AB raised its holdings in Ultra Clean Holdings by 2,868.6% during the 2nd quarter. Nordea Investment Management AB now owns 359,200 shares of the semiconductor company’s stock valued at $6,735,000 after buying an additional 347,100 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Ultra Clean Holdings by 981.9% during the 3rd quarter. Wells Fargo & Company MN now owns 347,374 shares of the semiconductor company’s stock valued at $10,637,000 after buying an additional 315,266 shares during the last quarter. Finally, PDT Partners LLC bought a new stake in Ultra Clean Holdings during the 2nd quarter valued at $5,381,000. Hedge funds and other institutional investors own 74.84% of the company’s stock.

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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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