Ultra Clean Hldgs Inc (NASDAQ: UCTT) is 7.48% higher on its value in year-to-date trading and has touched a low of $32.08 and a high of $56.47 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The UCTT stock was last observed hovering at around $38.02 in the last trading session, with the day’s gains setting it 0.62%.
Currently trading at $38.64, the stock is 4.53% and 4.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing 1.63% at the moment leaves the stock -5.09% off its SMA200. UCTT registered 17.98% gain for a year compared to 6-month loss of -20.07%. The firm has a 50-day simple moving average (SMA 50) of $37.1242 and a 200-day simple moving average (SMA200) of $40.7124.
The stock witnessed a 2.85% gain in the last 1 month and extending the period to 3 months gives it a 4.07%, and is 4.01% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.55% over the week and 3.85% over the month.
Ultra Clean Hldgs Inc (UCTT) has around 6657 employees, a market worth around $1.74B and $1.98B in sales. Current P/E ratio is 523.58 and Fwd P/E is 14.64. Profit margin for the company is 0.18%. Distance from 52-week low is 20.45% and -31.58% from its 52-week high. The company has generated returns on investments over the last 12 months (0.24%).
with sales reaching $559.19M over the same period.The EPS is expected to grow by 146.87% this year, but quarterly earnings will post 20.69% year-over-year. Quarterly sales are estimated to grow 25.72% in year-over-year returns.
Ultra Clean Hldgs Inc (UCTT) Top Institutional Holders
337.0 institutions hold shares in Ultra Clean Hldgs Inc (UCTT), with institutional investors hold 93.74% of the company’s shares. The shares outstanding are 45.10M, and float is at 43.87M with Short Float at 2.72%. Institutions hold 91.77% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.93 million shares valued at $339.38 million. The investor’s holdings represent 15.5293% of the UCTT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.46 million shares valued at $218.72 million to account for 10.0084 of the shares outstanding. The other top investors are FRONTIER CAPITAL MANAGEMENT CO LLC which holds 3.0 million shares representing 6.7323% and valued at over $147.13 million, while SWEDBANK AB holds 5.4579 of the shares totaling 2.43 million with a market value of $119.28 million.
Ultra Clean Hldgs Inc (UCTT) Insider Activity
The most recent transaction is an insider purchase by Bajwa Harjinder, the company’s Chief Operating Officer. SEC filings show that Bajwa Harjinder bought 10,000 shares of the company’s common stock on Nov 15 ’24 at a price of $33.75 per share for a total of $0.34 million. Following the purchase, the insider now owns 54291.0 shares.
Ultra Clean Hldgs Inc disclosed in a document filed with the SEC on Nov 13 ’24 that Bajwa Harjinder (Chief Operating Officer) bought a total of 15,000 shares of the company’s common stock. The trade occurred on Nov 13 ’24 and was made at $34.83 per share for $0.52 million. Following the transaction, the insider now directly holds 44291.0 shares of the UCTT stock.
Still, SEC filings show that on Nov 07 ’24, McKibben Jeffrey L. (Chief Information Officer) disposed off 3,422 shares at an average price of $38.20 for $0.13 million. The insider now directly holds 18,805 shares of Ultra Clean Hldgs Inc (UCTT).
