Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Get Free Report) was down 6.9% during mid-day trading on Wednesday . The company traded as low as $18.30 and last traded at $18.39. Approximately 346,518 shares traded hands during trading, a decline of 18% from the average daily volume of 422,666 shares. The stock had previously closed at $19.76.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Oppenheimer decreased their price objective on Ultra Clean from $60.00 to $30.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Needham & Company LLC restated a "buy" rating and issued a $40.00 price objective on shares of Ultra Clean in a report on Thursday, March 6th.
Check Out Our Latest Stock Analysis on Ultra Clean
Ultra Clean Trading Down 0.8 %
The stock has a market cap of $840.81 million, a price-to-earnings ratio of 232.90, a price-to-earnings-growth ratio of 0.51 and a beta of 2.14. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75. The company has a 50 day moving average of $25.18 and a 200-day moving average of $32.93.
Insiders Place Their Bets
In other news, insider Bill Bentinck bought 3,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average cost of $25.17 per share, for a total transaction of $75,510.00. Following the completion of the purchase, the insider now owns 60,695 shares of the company's stock, valued at approximately $1,527,693.15. This represents a 5.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ernest E. Maddock purchased 10,000 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average price of $24.29 per share, with a total value of $242,900.00. Following the purchase, the director now directly owns 11,000 shares of the company's stock, valued at $267,190. The trade was a 1,000.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.20% of the stock is owned by company insiders.
Hedge Funds Weigh In On Ultra Clean
Several large investors have recently bought and sold shares of the business. Ellevest Inc. boosted its position in shares of Ultra Clean by 3.5% during the 4th quarter. Ellevest Inc. now owns 13,263 shares of the semiconductor company's stock worth $477,000 after acquiring an additional 445 shares in the last quarter. Bank of Montreal Can boosted its holdings in Ultra Clean by 6.4% in the fourth quarter. Bank of Montreal Can now owns 7,957 shares of the semiconductor company's stock valued at $286,000 after purchasing an additional 478 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Ultra Clean by 107.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 490 shares in the last quarter. Counterpoint Mutual Funds LLC lifted its position in shares of Ultra Clean by 5.5% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 12,182 shares of the semiconductor company's stock worth $438,000 after buying an additional 631 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Ultra Clean by 58.1% in the 4th quarter. Quarry LP now owns 1,913 shares of the semiconductor company's stock valued at $69,000 after buying an additional 703 shares in the last quarter. Hedge funds and other institutional investors own 96.06% of the company's stock.
About Ultra Clean
(
Get Free Report)
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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