Chicago Equity Partners LLC trimmed its position in shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) by 89.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,365 shares of the semiconductor company’s stock after selling 89,255 shares during the quarter. Chicago Equity Partners LLC’s holdings in Ultra Clean were worth $200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in UCTT. Fuller & Thaler Asset Management Inc. lifted its holdings in Ultra Clean by 26.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 798,845 shares of the semiconductor company’s stock worth $18,445,000 after purchasing an additional 169,045 shares during the last quarter. Millennium Management LLC increased its position in Ultra Clean by 1,256.4% in the 4th quarter. Millennium Management LLC now owns 785,449 shares of the semiconductor company’s stock worth $18,136,000 after buying an additional 727,540 shares during the period. AWM Investment Company Inc. increased its position in Ultra Clean by 5.1% in the 4th quarter. AWM Investment Company Inc. now owns 785,000 shares of the semiconductor company’s stock worth $18,126,000 after buying an additional 38,284 shares during the period. Hood River Capital Management LLC bought a new position in Ultra Clean in the 1st quarter worth approximately $14,097,000. Finally, Wells Fargo & Company MN increased its position in Ultra Clean by 41.1% in the 1st quarter. Wells Fargo & Company MN now owns 455,600 shares of the semiconductor company’s stock worth $8,770,000 after buying an additional 132,811 shares during the period. Institutional investors and hedge funds own 86.95% of the company’s stock.
In other Ultra Clean news, SVP William Joe Williams sold 5,782 shares of the company’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $17.19, for a total value of $99,392.58. Following the sale, the senior vice president now directly owns 80,418 shares in the company, valued at $1,382,385.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Bingaman sold 35,966 shares of the company’s stock in a transaction on Friday, April 13th. The shares were sold at an average price of $19.00, for a total value of $683,354.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,510 shares of company stock worth $797,225. 1.90% of the stock is currently owned by company insiders.
UCTT has been the topic of several recent analyst reports. Zacks Investment Research downgraded Ultra Clean from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 19th. BidaskClub downgraded Ultra Clean from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 7th. ValuEngine downgraded Ultra Clean from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Cowen reaffirmed a “buy” rating on shares of Ultra Clean in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Ultra Clean presently has an average rating of “Hold” and a consensus price target of $28.67.
Shares of UCTT traded down $0.14 on Thursday, reaching $17.23. 1,016,469 shares of the stock traded hands, compared to its average volume of 1,215,641. The stock has a market cap of $672.64 million, a PE ratio of 7.36, a P/E/G ratio of 0.52 and a beta of 0.94. Ultra Clean Holdings Inc has a 12 month low of $15.35 and a 12 month high of $34.59.
Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings data on Wednesday, April 25th. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.09. The business had revenue of $314.80 million for the quarter, compared to analysts’ expectations of $281.97 million. Ultra Clean had a return on equity of 28.32% and a net margin of 8.26%. Ultra Clean’s quarterly revenue was up 53.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 earnings per share. analysts anticipate that Ultra Clean Holdings Inc will post 2.36 earnings per share for the current year.
Ultra Clean Company Profile
Ultra Clean Holdings, Inc designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products.
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