Insider Selling: Ultra Clean Holdings Inc (UCTT) SVP Sells 38,384 Shares of Stock
Ultra Clean Holdings Inc (NASDAQ:UCTT) SVP Joan Sterling sold 38,384 shares of Ultra Clean stock in a transaction on Friday, May 17th. The stock was sold at an average price of $13.49, for a total transaction of $517,800.16. Following the transaction, the senior vice president now owns 45,518 shares in the company, valued at approximately $614,037.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Ultra Clean stock opened at $12.71 on Friday. The firm has a market cap of $501.85 million, a PE ratio of 7.66, a price-to-earnings-growth ratio of 1.10 and a beta of 1.21. Ultra Clean Holdings Inc has a 1-year low of $6.94 and a 1-year high of $19.09. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.88 and a current ratio of 3.03.
Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.08. The business had revenue of $260.00 million for the quarter, compared to analysts’ expectations of $240.71 million. Ultra Clean had a net margin of 1.20% and a return on equity of 11.20%. The company’s revenue was down 17.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 EPS. As a group, equities analysts expect that Ultra Clean Holdings Inc will post 0.86 EPS for the current fiscal year.
Several research analysts have recently weighed in on UCTT shares. Dougherty & Co reiterated a “buy” rating and set a $18.50 price target (up previously from $17.00) on shares of Ultra Clean in a research note on Friday, May 3rd. ValuEngine cut shares of Ultra Clean from a “hold” rating to a “sell” rating in a research note on Saturday, February 23rd. Craig Hallum cut shares of Ultra Clean from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target (up previously from $13.00) on shares of Ultra Clean in a research note on Friday, February 22nd. Finally, Cowen reiterated an “outperform” rating and set a $20.00 price target (up previously from $16.00) on shares of Ultra Clean in a research note on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $19.70.
COPYRIGHT VIOLATION NOTICE: This piece was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://theolympiareport.com/2019/05/24/insider-selling-ultra-clean-holdings-inc-uctt-svp-sells-38384-shares-of-stock.html.
About Ultra Clean
Ultra Clean Holdings, Inc designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products.
Featured Story: What are gap-down stocks?
Receive News & Ratings for Ultra Clean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Clean and related companies with MarketBeat.com's FREE daily email newsletter.