Cambridge Investment Research Advisors Inc. Purchases Shares of 25,086 Ultra Clean Holdings, Inc. (UCTT)

Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,086 shares of the semiconductor company’s stock, valued at approximately $768,000. Cambridge Investment Research Advisors Inc. owned 0.07% of Ultra Clean Holdings at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in UCTT. Sigma Planning Corp purchased a new position in Ultra Clean Holdings during the third quarter valued at approximately $299,000. Sanctuary Wealth Advisors LLC purchased a new position in Ultra Clean Holdings during the third quarter valued at approximately $3,843,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Ultra Clean Holdings during the third quarter valued at approximately $613,000. Paradigm Capital Management Inc. NY grew its position in Ultra Clean Holdings by 35.7% during the third quarter. Paradigm Capital Management Inc. NY now owns 342,100 shares of the semiconductor company’s stock valued at $10,475,000 after purchasing an additional 89,985 shares in the last quarter. Finally, Sei Investments Co. purchased a new position in Ultra Clean Holdings during the third quarter valued at approximately $354,000. Institutional investors and hedge funds own 74.84% of the company’s stock.

In other Ultra Clean Holdings news, Director David T. Ibnale sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $22.95, for a total value of $229,500.00. Following the completion of the sale, the director now directly owns 76,000 shares of the company’s stock, valued at $1,744,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ronald D’ercole sold 5,202 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $24.49, for a total transaction of $127,396.98. Following the completion of the sale, the senior vice president now directly owns 60,900 shares of the company’s stock, valued at $1,491,441. The disclosure for this sale can be found here. Insiders sold 49,560 shares of company stock valued at $1,309,311 over the last three months. Insiders own 2.60% of the company’s stock.

WARNING: “Cambridge Investment Research Advisors Inc. Purchases Shares of 25,086 Ultra Clean Holdings, Inc. (UCTT)” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2017/11/24/cambridge-investment-research-advisors-inc-purchases-shares-of-25086-ultra-clean-holdings-inc-uctt.html.

A number of research analysts recently commented on the stock. Cowen Inc boosted their price objective on shares of Ultra Clean Holdings from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, October 18th. ValuEngine downgraded shares of Ultra Clean Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 13th. Dougherty & Co boosted their price objective on shares of Ultra Clean Holdings from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. Zacks Investment Research downgraded shares of Ultra Clean Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, Needham & Company LLC lowered their price objective on shares of Ultra Clean Holdings from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $30.67.

Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) opened at $24.28 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.06 and a quick ratio of 1.09. The company has a market cap of $816.47, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 0.69 and a beta of 1.11. Ultra Clean Holdings, Inc. has a 1 year low of $9.25 and a 1 year high of $34.59.

Ultra Clean Holdings (NASDAQ:UCTT) last posted its earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.02). The business had revenue of $242.60 million during the quarter, compared to the consensus estimate of $239.11 million. Ultra Clean Holdings had a return on equity of 28.77% and a net margin of 7.55%. The business’s revenue was up 65.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 earnings per share. sell-side analysts predict that Ultra Clean Holdings, Inc. will post 2.34 EPS for the current fiscal 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.

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

Receive News & Ratings for Ultra Clean Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Clean Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply