Ultra Clean (NASDAQ:UCTT) Stock Crosses Above 200 Day Moving Average of $41.77

Ultra Clean Holdings, Inc. (NASDAQ:UCTT)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $41.77 and traded as high as $49.67. Ultra Clean shares last traded at $49.00, with a volume of 2,149,066 shares traded.

Wall Street Analysts Forecast Growth

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

Ultra Clean Trading Up 3.4 %

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 business has a 50 day moving average of $45.19 and a two-hundred day moving average of $41.77. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -59.76 and a beta of 2.11.

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

Insider Transactions at Ultra Clean

In other news, CFO Sheri Savage sold 2,708 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $47.18, for a total value of $127,763.44. Following the completion of the transaction, the chief financial officer now directly owns 72,336 shares of the company’s stock, valued at $3,412,812.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Sheri Savage sold 2,708 shares of Ultra Clean stock in a transaction on Monday, June 10th. The stock was sold at an average price of $47.18, for a total transaction of $127,763.44. Following the sale, the chief financial officer now directly owns 72,336 shares in the company, valued at approximately $3,412,812.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jamie J. Palfrey sold 5,744 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $43.50, for a total transaction of $249,864.00. Following the transaction, the senior vice president now owns 23,693 shares of the company’s stock, valued at approximately $1,030,645.50. The disclosure for this sale can be found here. Insiders sold a total of 63,048 shares of company stock valued at $2,813,361 over the last ninety days. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in shares of Ultra Clean during the fourth quarter valued at about $59,000. TFO Wealth Partners LLC raised its position in shares of Ultra Clean by 27,160.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,726 shares of the semiconductor company’s stock valued at $93,000 after buying an additional 2,716 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Ultra Clean during the 1st quarter valued at about $96,000. PNC Financial Services Group Inc. lifted its position in Ultra Clean by 19.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,164 shares of the semiconductor company’s stock worth $108,000 after buying an additional 514 shares during the last quarter. Finally, Stoneridge Investment Partners LLC bought a new stake in Ultra Clean in the 4th quarter worth approximately $202,000. 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.