The stock last traded at $28.31 quite a bit higher than $23.27, the stock’s 50 day moving average and which is quite a bit higher than the 200 day moving average of $20.51. The 50 day moving average was up $5.04 or +21.68% and the 200 day average went up $7.80 or +38.05%. Trading volume for Ultra Clean Holdings, Inc. was 1,659K by the end of trading on Wednesday. Trading volume was up 51.16% over the stocks average daily volume.
Traders are a little more bullish on shares of the company recently if you take into consideration the fall in short interest. The stock realized a fall in short interest from August 15, 2017 to August 31, 2017 of -1.93%. Short shares decreased 40,780 over that period. Days to cover increased from 2.0 to 3.0 and the percentage of shorted shares was 0.06% on August 31.
Ultra Clean Holdings, Inc. (NASDAQ:UCTT) has been the object of insider selling activity recently. David Speirs, SVP, North America sold $457,457 worth of shares at an average price of $24.04 on September 12th. That brings the SVP, North America’s holdings to $2,425,131 as reported to the SEC. Director David T. Ibnale sold 10,000 shares at an average price of $22.95 on Wed the 6th. Ibnale now owns $1,744,200 of stock per an SEC filing yesterday.
The following firms have recently changed their position in UCTT. Usa Financial Portformulas Corp reduced its holdings by shedding 17,454 shares a decrease of 29.0%. Usa Financial Portformulas Corp owns 42,803 shares with a value of $803,000. The total value of its holdings decreased 21.0%. Ubs Group Ag augmented its stake by buying 338 shares an increase of 21.7% as of 06/30/2017. Ubs Group Ag now controls 1,893 shares valued at $35,000. The value of the position overall is up by 34.6%.
Smith, Graham & Co., Investment Advisors, Lp trimmed its investment by selling 199,029 shares a decrease of 18.5% in the quarter. Smith, Graham & Co., Investment Advisors, Lp controls 875,964 shares worth $16,424,000. The value of the position overall is down by 9.4%. As of quarter end Awm Investment Company, Inc. had disposed of a total of 151,300 shares trimming its stake by 14.8%. The value of the investment in (UCTT) decreased from $17,229,000 to $16,312,000 decreasing 5.3% for the reporting period.
Equity analyst Cowen & Co. issued its first research report on the stock setting a rating of “Market Perform”.
The P/E ratio is currently 20.48 and market capitalization is 946.46M. As of the latest earnings report the EPS was $1.38 and is estimated to be $2.29 for the current year with 33,432,000 shares presently outstanding. Next quarter’s EPS is expected be $0.52 and the next full year EPS is projected to be $2.41.
Ultra Clean Holdings, Inc., launched on October 28, 2002, is involved in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Business’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules. The Company offers its products for the semiconductor capital equipment and equipment industry segments. It also sells to the consumer, medical, energy, industrial, flat panel and research equipment industries. The Company is focused on providing specialized engineering and manufacturing solutions for these applications..