Ultra Clean (NASDAQ:UCTT) Stock Price Up 4.8%

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) shares rose 4.8% on Monday . The company traded as high as $49.13 and last traded at $49.13. Approximately 17,841 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 307,095 shares. The stock had previously closed at $46.90.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on UCTT shares. TD Cowen lifted their price objective on shares of Ultra Clean from $47.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Needham & Company LLC lifted their price objective on shares of Ultra Clean from $50.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $57.00.

Ultra Clean Stock Performance

The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -57.20 and a beta of 2.13. The stock’s fifty day moving average is $48.31 and its two-hundred day moving average is $43.96. The company has a quick ratio of 1.58, a current ratio of 2.76 and a debt-to-equity ratio of 0.52.

Ultra Clean (NASDAQ:UCTT) last issued its earnings results on Monday, May 6th. The semiconductor company reported $0.20 earnings per share for the quarter. The business had revenue of $477.70 million for the quarter, compared to the consensus estimate of $455.00 million. Ultra Clean had a negative net margin of 2.09% and a positive return on equity of 2.19%.

Insider Buying and Selling

In other Ultra Clean news, Director Clarence L. Granger sold 5,000 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $43.50, for a total value of $217,500.00. Following the transaction, the director now directly owns 92,134 shares in the company, valued at $4,007,829. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP Jamie J. Palfrey sold 5,744 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $43.50, for a total value of $249,864.00. Following the completion of the sale, the senior vice president now owns 23,693 shares of the company’s stock, valued at $1,030,645.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Clarence L. Granger sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $43.50, for a total transaction of $217,500.00. Following the completion of the sale, the director now directly owns 92,134 shares of the company’s stock, valued at approximately $4,007,829. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,314 shares of company stock worth $5,370,214. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Ultra Clean

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in shares of Ultra Clean by 52.1% in the second quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 213 shares during the period. CWM LLC lifted its position in Ultra Clean by 46.3% during the second quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 253 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Ultra Clean in the fourth quarter worth about $59,000. Allspring Global Investments Holdings LLC bought a new position in shares of Ultra Clean in the first quarter worth about $96,000. Finally, TFO Wealth Partners LLC lifted its holdings in shares of Ultra Clean by 27,160.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,726 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 2,716 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.