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 institutional investors and hedge funds have recently added to or reduced their stakes in UCTT. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Ultra Clean by 57.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,362 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 1,231 shares in the last quarter. Pinebridge Investments L.P. purchased a new position in shares of Ultra Clean during the 1st quarter valued at $33,000. Bank of Montreal Can lifted its stake in shares of Ultra Clean by 170.5% during the 4th quarter. Bank of Montreal Can now owns 4,184 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 2,637 shares in the last quarter. Advisory Services Network LLC lifted its stake in shares of Ultra Clean by 104.7% during the 4th quarter. Advisory Services Network LLC now owns 4,565 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 2,335 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new position in shares of Ultra Clean during the 4th quarter valued at $44,000. Institutional investors own 93.93% of the company’s stock.

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.

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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.

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