GSA Capital Partners LLP raised its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 16.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 126,320 shares of the semiconductor company’s stock after acquiring an additional 17,724 shares during the quarter. Ultra Clean makes up approximately 0.3% of GSA Capital Partners LLP’s holdings, making the stock its 22nd largest position. GSA Capital Partners LLP owned 0.38% of Ultra Clean worth $3,868,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. bought a new stake in Ultra Clean during the 2nd quarter valued at approximately $2,993,000. Vanguard Group Inc. boosted its position in Ultra Clean by 32.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,636,857 shares of the semiconductor company’s stock valued at $30,691,000 after acquiring an additional 399,627 shares in the last quarter. Teachers Advisors LLC boosted its position in Ultra Clean by 50.6% during the 1st quarter. Teachers Advisors LLC now owns 74,407 shares of the semiconductor company’s stock valued at $1,255,000 after acquiring an additional 25,004 shares in the last quarter. Columbia Partners L L C Investment Management bought a new stake in Ultra Clean during the 3rd quarter valued at approximately $698,000. Finally, Alps Advisors Inc. bought a new stake in Ultra Clean during the 3rd quarter valued at approximately $600,000. 75.74% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Deborah E. Hayward sold 13,872 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $32.48, for a total value of $450,562.56. Following the completion of the transaction, the insider now directly owns 61,702 shares in the company, valued at approximately $2,004,080.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Joan Sterling sold 5,202 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $24.04, for a total transaction of $125,056.08. Following the completion of the transaction, the senior vice president now owns 64,932 shares of the company’s stock, valued at $1,560,965.28. The disclosure for this sale can be found here. Insiders have sold 25,733 shares of company stock valued at $747,410 over the last quarter. Company insiders own 2.60% of the company’s stock.
Several analysts have weighed in on UCTT shares. Needham & Company LLC lifted their price objective on Ultra Clean from $30.00 to $36.00 and gave the company a “strong-buy” rating in a research report on Friday, October 13th. ValuEngine lowered shares of Ultra Clean from a “strong-buy” rating to a “buy” rating in a report on Friday, October 13th. Cowen lifted their target price on shares of Ultra Clean from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, October 18th. Zacks Investment Research lowered shares of Ultra Clean from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, Dougherty & Co lifted their target price on shares of Ultra Clean from $32.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $31.83.
Ultra Clean Holdings, Inc. (NASDAQ UCTT) opened at $20.77 on Thursday. Ultra Clean Holdings, Inc. has a 1-year low of $9.42 and a 1-year high of $34.59. The stock has a market cap of $708.19, a P/E ratio of 10.17, a PEG ratio of 0.60 and a beta of 1.02. The company has a current ratio of 2.06, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.
Ultra Clean (NASDAQ:UCTT) last released its earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.02). Ultra Clean had a net margin of 7.55% and a return on equity of 28.77%. The business had revenue of $242.60 million for the quarter, compared to analysts’ expectations of $239.11 million. During the same quarter in the previous year, the business posted $0.17 earnings per share. Ultra Clean’s revenue for the quarter was up 65.9% on a year-over-year basis. sell-side analysts predict that Ultra Clean Holdings, Inc. will post 2.34 EPS for the current fiscal year.
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About Ultra Clean
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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