Catalyst Capital Advisors LLC Has $842,000 Position in Ultra Clean Holdings, Inc. (UCTT)

Catalyst Capital Advisors LLC trimmed its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 38.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,500 shares of the semiconductor company’s stock after selling 17,300 shares during the period. Catalyst Capital Advisors LLC owned about 0.08% of Ultra Clean Holdings worth $842,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP bought a new stake in Ultra Clean Holdings during the first quarter worth approximately $558,000. Teachers Advisors LLC grew its stake in shares of Ultra Clean Holdings by 50.6% during the first quarter. Teachers Advisors LLC now owns 74,407 shares of the semiconductor company’s stock valued at $1,255,000 after buying an additional 25,004 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Ultra Clean Holdings by 23.2% during the first quarter. TIAA CREF Investment Management LLC now owns 125,913 shares of the semiconductor company’s stock valued at $2,124,000 after buying an additional 23,740 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Ultra Clean Holdings by 1.7% during the first quarter. Vanguard Group Inc. now owns 1,237,230 shares of the semiconductor company’s stock valued at $20,872,000 after buying an additional 20,987 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Ultra Clean Holdings by 39.1% in the first quarter. Geode Capital Management LLC now owns 326,599 shares of the semiconductor company’s stock valued at $5,508,000 after purchasing an additional 91,748 shares during the period. 74.84% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have weighed in on UCTT shares. Cowen and Company set a $26.00 target price on Ultra Clean Holdings and gave the stock a “hold” rating in a report on Friday, July 28th. Needham & Company LLC increased their price target on Ultra Clean Holdings from $22.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Craig Hallum increased their target price on shares of Ultra Clean Holdings from $25.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Dougherty & Co raised their price target on shares of Ultra Clean Holdings from $29.50 to $32.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, ValuEngine raised shares of Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $30.67.

In other Ultra Clean Holdings news, Director David T. Ibnale sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $22.95, for a total transaction of $229,500.00. Following the transaction, the director now owns 76,000 shares of the company’s stock, valued at $1,744,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP David Speirs sold 19,029 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $24.04, for a total transaction of $457,457.16. Following the completion of the sale, the senior vice president now directly owns 100,879 shares of the company’s stock, valued at approximately $2,425,131.16. The disclosure for this sale can be found here. Insiders sold 49,560 shares of company stock worth $1,309,311 in the last ninety days. Insiders own 2.60% of the company’s stock.

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Ultra Clean Holdings, Inc. (NASDAQ UCTT) traded up $1.18 during midday trading on Wednesday, reaching $26.19. 1,208,100 shares of the company’s stock were exchanged, compared to its average volume of 983,242. The company has a current ratio of 2.06, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $841.02, a price-to-earnings ratio of 12.08, a PEG ratio of 0.71 and a beta of 1.11. Ultra Clean Holdings, Inc. has a one year low of $9.25 and a one year high of $34.59.

Ultra Clean Holdings (NASDAQ:UCTT) last issued its earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.02). Ultra Clean Holdings had a return on equity of 28.77% and a net margin of 7.55%. The company had revenue of $242.60 million for the quarter, compared to analyst estimates of $239.11 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 65.9% compared to the same quarter last year. research analysts anticipate that Ultra Clean Holdings, Inc. will post 2.34 EPS for the current year.

About Ultra Clean Holdings

Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Company’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.

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Institutional Ownership by Quarter for Ultra Clean Holdings (NASDAQ:UCTT)

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