Ultra Clean Holdings, Inc. (NASDAQ:UCTT) COO Harjinder Bajwa Acquires 2,500 Shares

Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Get Free Report) COO Harjinder Bajwa bought 2,500 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average cost of $33.33 per share, with a total value of $83,325.00. Following the acquisition, the chief operating officer now directly owns 29,291 shares in the company, valued at $976,269.03. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Ultra Clean Trading Down 0.1 %

UCTT traded down $0.05 on Monday, hitting $34.28. The company had a trading volume of 396,040 shares, compared to its average volume of 371,182. The company has a quick ratio of 1.60, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. The company has a market cap of $1.54 billion, a PE ratio of 429.18 and a beta of 2.08. Ultra Clean Holdings, Inc. has a 12-month low of $24.39 and a 12-month high of $56.47. The business's fifty day simple moving average is $36.37 and its 200 day simple moving average is $41.86.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.02. The firm had revenue of $540.40 million during the quarter, compared to analysts' expectations of $515.88 million. Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. The business's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.03) EPS. Equities research analysts expect that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current year.

Analysts Set New Price Targets

UCTT has been the subject of several recent analyst reports. TD Cowen dropped their price target on Ultra Clean from $60.00 to $57.00 and set a "buy" rating for the company in a research note on Tuesday, October 29th. Needham & Company LLC reduced their price target on shares of Ultra Clean from $50.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, October 29th. Craig Hallum raised their price objective on Ultra Clean from $52.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Finally, Oppenheimer initiated coverage on Ultra Clean in a research note on Wednesday, September 25th. They set an "outperform" rating and a $70.00 price target for the company. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average price target of $57.75.

Hedge Funds Weigh In On Ultra Clean

A number of hedge funds have recently bought and sold shares of UCTT. GAMMA Investing LLC raised 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 buying an additional 213 shares during the last quarter. CWM LLC grew its holdings in shares of Ultra Clean by 46.3% in the second quarter. CWM LLC now owns 800 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 253 shares in the last quarter. Signaturefd LLC increased its position in shares of Ultra Clean by 465.5% during the third quarter. Signaturefd LLC now owns 803 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 661 shares during the period. Innealta Capital LLC acquired a new position in shares of Ultra Clean during the second quarter worth about $41,000. Finally, nVerses Capital LLC acquired a new stake in shares of Ultra Clean in the 2nd quarter valued at $64,000. Hedge funds and other 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.

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