10 Stocks Insiders Are Buying In March

7. Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Number of Insiders Buying: 5

Market Capitalization: $1.11 billion

The seventh stock among the 10 that insiders are buying this month is a semiconductor company, Ultra Clean Holdings. The Hayward, California-based company makes subsystems parts, and ultra-high purity cleaning and analytical products for the semiconductor industry. Its offering includes chemical delivery modules, frame assemblies, gas delivery systems, fluid delivery systems, precision robotics and process modules, high-level assemblies, and other precision components that ensure the integrity and performance of semiconductor manufacturing. It is also one of the 12 small-cap semiconductor stocks to buy now.

In March, five insiders bought a total of $543,269 worth of Ultra Clean shares at an average price of $24.78 per share. Currently, the stock is trading at $25.38 having declined 29.40% year to date, and 40.97% over the past 12 months.

For the full year of 2024, the company disclosed revenue of $2.1 billion, compared to $1.7 billion in 2023. Total gross margin was 17.0%, operating margin was 4.3%, and net income was $23.7 million. This compares to gross margin of 16.0%, operating margin of 2.0%, and net loss of $31.1 million or $0.70 loss per diluted share in the prior year.

The consensus rating for Ultra Clean stock is “Strong Buy” with a price target of $56.75, according to StockAnalysis.