David T. Ibnale Sells 12,500 Shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) Stock

Ultra Clean Holdings Inc (NASDAQ:UCTT) Director David T. Ibnale sold 12,500 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $21.58, for a total value of $269,750.00. Following the sale, the director now directly owns 63,500 shares in the company, valued at $1,370,330. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) traded up $0.35 during midday trading on Thursday, reaching $22.75. The company’s stock had a trading volume of 827,100 shares, compared to its average volume of 1,380,000. The stock has a market capitalization of $765.02, a P/E ratio of 12.10, a P/E/G ratio of 0.62 and a beta of 1.02. Ultra Clean Holdings Inc has a 1 year low of $11.57 and a 1 year high of $34.59. The company has a quick ratio of 1.09, a current ratio of 2.06 and a debt-to-equity ratio of 0.15.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Ultra Clean during the 3rd quarter worth about $120,000. Legal & General Group Plc lifted its position in shares of Ultra Clean by 4.2% during the 2nd quarter. Legal & General Group Plc now owns 7,824 shares of the semiconductor company’s stock worth $146,000 after purchasing an additional 314 shares during the last quarter. Pacad Investment Ltd. acquired a new position in shares of Ultra Clean during the 2nd quarter worth about $173,000. Greenwood Capital Associates LLC acquired a new position in shares of Ultra Clean during the 3rd quarter worth about $226,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Ultra Clean during the 2nd quarter worth about $228,000. Institutional investors own 75.48% of the company’s stock.

Several research analysts recently weighed in on UCTT shares. Needham & Company LLC upped their price target on Ultra Clean from $30.00 to $36.00 and gave the company a “strong-buy” rating in a research report on Friday, October 13th. Dougherty & Co upped their price target on Ultra Clean from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. Cowen upped their price target on Ultra Clean from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, October 18th. ValuEngine downgraded Ultra Clean from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 13th. Finally, Zacks Investment Research downgraded Ultra Clean from a “buy” rating to a “hold” rating in a research note on Saturday, November 11th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $31.50.

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About Ultra Clean

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 (NASDAQ:UCTT)

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