Ultra Clean Holdings, Inc. (NASDAQ:UCTT) COO Acquires $337,500.00 in Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) COO Harjinder Bajwa acquired 10,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average cost of $33.75 per share, with a total value of $337,500.00. Following the transaction, the chief operating officer now directly owns 54,291 shares in the company, valued at $1,832,321.25. This trade represents a 22.58 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Harjinder Bajwa also recently made the following trade(s):

• On Wednesday, November 13th, Harjinder Bajwa purchased 15,000 shares of Ultra Clean stock. The shares were purchased at an average price of $34.83 per share, for a total transaction of $522,450.00.
• On Thursday, October 31st, Harjinder Bajwa acquired 2,500 shares of Ultra Clean stock. The stock was purchased at an average price of $33.33 per share, for a total transaction of $83,325.00.

Ultra Clean Stock Performance

Shares of Ultra Clean stock opened at $35.91 on Thursday. The business has a 50-day simple moving average of $36.50 and a 200-day simple moving average of $41.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75. Ultra Clean Holdings, Inc. has a one year low of $25.65 and a one year high of $56.47. The company has a market cap of $1.62 billion, a PE ratio of 448.93 and a beta of 2.08.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. Ultra Clean had a net margin of 0.18% and a return on equity of 4.08%. The company had revenue of $540.40 million during the quarter, compared to analysts’ expectations of $515.88 million. During the same quarter in the previous year, the business posted ($0.03) EPS. The firm’s revenue was up 24.2% on a year-over-year basis. On average, equities research analysts forecast that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Ultra Clean

Large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new position in shares of Ultra Clean during the 1st quarter worth about $96,000. ProShare Advisors LLC raised its position in shares of Ultra Clean by 13.4% during the 1st quarter. ProShare Advisors LLC now owns 12,333 shares of the semiconductor company’s stock worth $567,000 after acquiring an additional 1,455 shares in the last quarter. UniSuper Management Pty Ltd purchased a new stake in Ultra Clean during the first quarter worth approximately $467,000. CANADA LIFE ASSURANCE Co boosted its holdings in Ultra Clean by 1.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 43,842 shares of the semiconductor company’s stock valued at $2,012,000 after purchasing an additional 833 shares in the last quarter. Finally, Hood River Capital Management LLC purchased a new position in Ultra Clean in the first quarter valued at approximately $10,915,000. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Wall Street Analysts Forecast Growth

UCTT has been the subject of a number of research analyst reports. Needham & Company LLC lowered their target price on Ultra Clean from $50.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Craig Hallum lifted their price objective on shares of Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. Oppenheimer started coverage on shares of Ultra Clean in a report on Wednesday, September 25th. They set an “outperform” rating and a $70.00 target price on the stock. Finally, TD Cowen decreased their price target on shares of Ultra Clean from $60.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $57.75.

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.