Ultra Clean (NASDAQ:UCTT) Stock Price Down 6.4%

Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) traded down 6.4% during mid-day trading on Tuesday . The company traded as low as $32.93 and last traded at $33.23. 52,937 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 279,038 shares. The stock had previously closed at $35.49.

Analyst Upgrades and Downgrades

A number of analysts recently commented on UCTT shares. Craig Hallum upgraded Ultra Clean from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Friday, July 28th. StockNews.com initiated coverage on shares of Ultra Clean in a research report on Thursday, August 17th. They set a “hold” rating for the company. TD Cowen lifted their price target on shares of Ultra Clean from $34.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Finally, Needham & Company LLC reduced their price objective on Ultra Clean from $52.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, August 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

Ultra Clean Trading Down 1.6 %

The stock’s 50-day simple moving average is $35.49 and its two-hundred day simple moving average is $33.15. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.18 and a quick ratio of 1.82. The firm has a market capitalization of $1.46 billion, a P/E ratio of 61.64 and a beta of 2.00.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $421.50 million during the quarter, compared to analyst estimates of $434.98 million. Ultra Clean had a return on equity of 10.30% and a net margin of 1.20%.

Insider Buying and Selling

In other Ultra Clean news, insider Bill Bentinck sold 9,784 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $36.19, for a total transaction of $354,082.96. Following the completion of the sale, the insider now directly owns 50,775 shares of the company’s stock, valued at approximately $1,837,547.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Dark Forest Capital Management LP grew its holdings in Ultra Clean by 6,364.3% during the 1st quarter. Dark Forest Capital Management LP now owns 905 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 891 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Ultra Clean by 813.0% in the first quarter. Tower Research Capital LLC TRC now owns 1,333 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 1,187 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Ultra Clean during the second quarter valued at $48,000. Worth Asset Management LLC bought a new position in Ultra Clean during the first quarter valued at $49,000. Finally, Quadrant Capital Group LLC lifted its position in Ultra Clean by 75.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,699 shares of the semiconductor company’s stock valued at $56,000 after purchasing an additional 731 shares during the last quarter. Hedge funds and other institutional investors own 83.61% of the company’s stock.

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.