Ultra Clean Holdings, Inc. (NASDAQ:UCTT) General Counsel Paul Yoonku Cho Sells 3,449 Shares

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) General Counsel Paul Yoonku Cho sold 3,449 shares of Ultra Clean stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $44.79, for a total value of $154,480.71. Following the transaction, the general counsel now directly owns 17,166 shares in the company, valued at $768,865.14. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Ultra Clean Stock Down 0.5 %

Shares of Ultra Clean stock opened at $45.92 on Thursday. Ultra Clean Holdings, Inc. has a one year low of $22.15 and a one year high of $49.25. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.76 and a quick ratio of 1.58. The stock’s 50-day moving average is $43.67 and its 200 day moving average is $38.05. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -56.00 and a beta of 2.02.

Ultra Clean (NASDAQ:UCTT) last announced its earnings results on Wednesday, February 21st. The semiconductor company reported $0.12 EPS for the quarter. Ultra Clean had a positive return on equity of 2.19% and a negative net margin of 2.09%. The company had revenue of $444.80 million for the quarter, compared to analyst estimates of $444.99 million.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. TD Cowen lifted their target price on Ultra Clean from $47.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Needham & Company LLC upped their target price on Ultra Clean from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Ultra Clean currently has an average rating of “Moderate Buy” and an average price target of $57.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in UCTT. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Ultra Clean by 40.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,803 shares of the semiconductor company’s stock worth $350,000 after acquiring an additional 3,394 shares in the last quarter. Strs Ohio boosted its holdings in Ultra Clean by 10.5% in the third quarter. Strs Ohio now owns 9,500 shares of the semiconductor company’s stock worth $281,000 after acquiring an additional 900 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Ultra Clean by 4.8% in the third quarter. Victory Capital Management Inc. now owns 82,780 shares of the semiconductor company’s stock worth $2,456,000 after acquiring an additional 3,790 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Ultra Clean in the third quarter worth approximately $2,874,000. Finally, Illinois Municipal Retirement Fund bought a new position in Ultra Clean in the third quarter worth approximately $825,000. Institutional investors own 96.06% 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.