Clarence L. Granger, director of Ultra Clean Holdings, Inc. (NASDAQ:UCTT), sells 3,000 shares
Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Director Clarence L. Granger sold 3,000 shares of the company in a trade dated Wednesday, January 26. The shares were sold at an average price of $50.83, for a total transaction of $152,490.00. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website.
UCTT traded at $1.11 in Friday’s midday session, hitting $46.36. 582,594 shares of the company were traded, compared to its average volume of 547,230. Ultra Clean Holdings, Inc. has a 1-year low of $38.15 and a 1-year high of $65.33 . The company has a market capitalization of $2.08 billion, a PE ratio of 20.70, a growth price-earnings ratio of 1.75 and a beta of 1.98. The company has a debt ratio of 0.65, a current ratio of 2.56 and a quick ratio of 1.77. The stock’s fifty-day simple moving average is $54.58 and its 200-day simple moving average is $50.13.
Ultra Clean Inc (NASDAQ:UCTT) last released its quarterly results on Tuesday, October 26. The semiconductor company reported earnings per share of $1.07 for the quarter, beating the Zacks consensus estimate of $1.01 by $0.06. Ultra Clean had a net margin of 5.20% and a return on equity of 21.84%. The company posted revenue of $553.60 million for the quarter, versus a consensus estimate of $541.53 million. In the same quarter of the previous year, the company had earned earnings per share of $0.67. The company’s revenues increased by 52.4% compared to the same quarter last year. On average, research analysts expect Ultra Clean Holdings, Inc. to post EPS of 3.86 for the current year.
Several research analysts commented on the title. Zacks Investment Research cut shares of Ultra Clean from a “strong buy” rating to a “hold” rating in a report on Wednesday, Dec. 29. DA Davidson reiterated a “buy” rating on Ultra Clean shares in a Thursday, October 28 report. One analyst rated the stock with a hold rating and six rated the stock with a buy rating. According to MarketBeat.com, Ultra Clean has an average rating of “Buy” and a consensus price target of $65.33.
Several institutional investors have recently increased or reduced their stake in the stock. Huntington National Bank increased its stake in Ultra Clean shares by 59.8% in Q3. Huntington National Bank now owns 596 shares of the semiconductor company valued at $25,000 after acquiring 223 more shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in Ultra Clean during the 3rd quarter worth approximately $28,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Ultra Clean in Q4, valued at approximately $28,000. US Bancorp DE increased its stake in Ultra Clean by 1,476.8% in Q3. US Bancorp DE now owns 883 shares of the semiconductor company valued at $38,000 after acquiring an additional 827 shares during the period. Finally, Koshinski Asset Management Inc. increased its stake in Ultra Clean by 646.0% in the 4th quarter. Koshinski Asset Management Inc. now owns 746 shares of the semiconductor company valued at $43,000 after acquiring an additional 646 shares during the period. 77.22% of the shares are held by institutional investors and hedge funds.
Ultra Clean Company Profile
Ultra Clean Holdings, Inc designs, manufactures and sells its products and services primarily to customers in the semiconductor capital equipment industry. It operates through the following segments: Semiconductor Products & Solutions (SPS) and Semiconductor Services Business (SSB). The SPS segment provides warranty on its products for up to two years and forecasts warranty costs at the time of sale based on historical activity.
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