Ultra Clean (NASDAQ:UCTT) Sees Unusually-High Trading Volume

Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) saw an uptick in trading volume on Thursday . 277,562 shares changed hands during trading, a decline of 21% from the previous session’s volume of 351,595 shares.The stock last traded at $41.01 and had previously closed at $38.18.

Analysts Set New Price Targets

UCTT has been the topic of a number of research reports. Craig Hallum boosted their target price on shares of Ultra Clean from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $56.00 price target on shares of Ultra Clean in a report on Friday, July 26th. TD Cowen raised their price objective on Ultra Clean from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Oppenheimer began coverage on Ultra Clean in a research report on Wednesday. They set an “outperform” rating and a $70.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Ultra Clean currently has a consensus rating of “Moderate Buy” and an average target price of $61.50.

Ultra Clean Stock Down 1.8 %

The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.60 and a current ratio of 2.73. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of -48.98 and a beta of 2.09. The business’s 50 day moving average is $37.79 and its 200 day moving average is $43.18.

Ultra Clean (NASDAQ:UCTT) last issued its earnings results on Thursday, July 25th. The semiconductor company reported $0.21 EPS for the quarter. The business had revenue of $516.10 million during the quarter, compared to analysts’ expectations of $490.06 million. Ultra Clean had a positive return on equity of 2.59% and a negative net margin of 0.46%. Ultra Clean’s revenue was up 22.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share.

Insider Transactions at Ultra Clean

In other Ultra Clean news, CFO Sheri Savage sold 10,079 shares of Ultra Clean stock in a transaction on Monday, July 8th. The shares were sold at an average price of $54.18, for a total transaction of $546,080.22. Following the completion of the sale, the chief financial officer now owns 52,575 shares of the company’s stock, valued at approximately $2,848,513.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Sheri Savage sold 10,079 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $54.18, for a total transaction of $546,080.22. Following the completion of the sale, the chief financial officer now directly owns 52,575 shares of the company’s stock, valued at approximately $2,848,513.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James P. Scholhamer sold 26,608 shares of Ultra Clean stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $55.10, for a total value of $1,466,100.80. Following the sale, the chief executive officer now owns 418,453 shares of the company’s stock, valued at $23,056,760.30. The disclosure for this sale can be found here. Insiders sold 47,266 shares of company stock valued at $2,556,853 over the last three months. 2.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ultra Clean

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of Ultra Clean by 52.1% during the 2nd quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 213 shares during the last quarter. CWM LLC grew its position 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 during the last quarter. Innealta Capital LLC acquired a new stake in shares of Ultra Clean in the second quarter valued at about $41,000. nVerses Capital LLC bought a new position in Ultra Clean in the 2nd quarter worth approximately $64,000. Finally, TFO Wealth Partners LLC grew its stake in shares of Ultra Clean by 27,160.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,726 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 2,716 shares during the last quarter. 96.06% of the stock is currently owned by institutional investors.

About Ultra Clean

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.