Ultra Clean Holdings, Inc. (NASDAQ:UCTT) CFO Sheri Savage Sells 10,079 Shares

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) CFO Sheri Savage sold 10,079 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $54.18, for a total value of $546,080.22. Following the completion of the transaction, the chief financial officer now owns 52,575 shares in the company, valued at $2,848,513.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Sheri Savage also recently made the following trade(s):

• On Tuesday, July 2nd, Sheri Savage sold 9,682 shares of Ultra Clean stock. The stock was sold at an average price of $51.08, for a total value of $494,556.56.
• On Monday, June 10th, Sheri Savage sold 2,708 shares of Ultra Clean stock. The shares were sold at an average price of $47.18, for a total value of $127,763.44.
• On Friday, June 7th, Sheri Savage sold 15,319 shares of Ultra Clean stock. The stock was sold at an average price of $46.00, for a total value of $704,674.00.

Ultra Clean Stock Down 1.7 %

Shares of UCTT stock opened at $54.16 on Friday. Ultra Clean Holdings, Inc. has a 1 year low of $22.15 and a 1 year high of $55.87. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 2.76. The stock’s 50 day simple moving average is $47.32 and its two-hundred day simple moving average is $43.09.

Ultra Clean (NASDAQ:UCTT) last released its earnings results on Monday, May 6th. The semiconductor company reported $0.20 EPS for the quarter. Ultra Clean had a positive return on equity of 2.19% and a negative net margin of 2.09%. The firm had revenue of $477.70 million for the quarter, compared to analysts’ expectations of $455.00 million.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on UCTT shares. TD Cowen lifted their price objective on Ultra Clean from $47.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Needham & Company LLC boosted their price target on Ultra Clean from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $57.00.

Institutional Trading of Ultra Clean

Several hedge funds and other institutional investors have recently bought and sold shares of UCTT. GAMMA Investing LLC lifted 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 purchasing an additional 213 shares during the last quarter. CWM LLC raised its stake in Ultra Clean by 46.3% in the 2nd quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 253 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Ultra Clean in the 4th quarter worth $59,000. Allspring Global Investments Holdings LLC purchased a new position in Ultra Clean in the 1st quarter worth $96,000. Finally, TFO Wealth Partners LLC raised its stake in Ultra Clean by 27,160.0% in the 4th 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. Institutional investors own 96.06% of the company’s stock.

Ultra Clean Company Profile

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.