Millennium Management LLC bought a new stake in Ultra Clean Holdings Inc (NASDAQ:UCTT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 71,334 shares of the semiconductor company’s stock, valued at approximately $1,184,000.
A number of other institutional investors have also added to or reduced their stakes in UCTT. Needham Investment Management LLC boosted its position in shares of Ultra Clean by 50.0% in the second quarter. Needham Investment Management LLC now owns 30,000 shares of the semiconductor company’s stock worth $498,000 after buying an additional 10,000 shares during the period. Shepherd Kaplan Krochuk LLC boosted its position in shares of Ultra Clean by 129.1% in the second quarter. Shepherd Kaplan Krochuk LLC now owns 33,500 shares of the semiconductor company’s stock worth $556,000 after buying an additional 18,880 shares during the period. Value Holdings Management CO. LLC purchased a new stake in shares of Ultra Clean in the second quarter worth about $216,000. OppenheimerFunds Inc. boosted its holdings in Ultra Clean by 23.7% in the second quarter. OppenheimerFunds Inc. now owns 36,138 shares of the semiconductor company’s stock valued at $600,000 after purchasing an additional 6,918 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new position in Ultra Clean in the second quarter valued at about $168,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.
A number of brokerages recently commented on UCTT. BidaskClub raised Ultra Clean from a “strong sell” rating to a “sell” rating in a report on Friday. Zacks Investment Research downgraded Ultra Clean from a “hold” rating to a “strong sell” rating in a report on Friday, August 3rd. Standpoint Research raised Ultra Clean from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. Finally, Cowen reduced their price target on Ultra Clean from $28.00 to $23.00 and set an “outperform” rating for the company in a report on Tuesday, September 18th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $25.25.
Shares of UCTT opened at $11.52 on Friday. The stock has a market capitalization of $395.97 million, a P/E ratio of 4.92, a price-to-earnings-growth ratio of 0.69 and a beta of 0.80. Ultra Clean Holdings Inc has a one year low of $9.52 and a one year high of $27.20.
Ultra Clean 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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