Engineers Gate Manager LP Acquires New Position in Ultra Clean Holdings Inc (UCTT)

Engineers Gate Manager LP acquired a new position in shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 90,817 shares of the semiconductor company’s stock, valued at approximately $1,140,000.

A number of other institutional investors also recently added to or reduced their stakes in UCTT. Paradigm Capital Management Inc. NY raised its stake in Ultra Clean by 93.2% during the second quarter. Paradigm Capital Management Inc. NY now owns 1,189,200 shares of the semiconductor company’s stock worth $19,741,000 after acquiring an additional 573,746 shares in the last quarter. BlackRock Inc. increased its stake in shares of Ultra Clean by 10.8% in the second quarter. BlackRock Inc. now owns 5,570,011 shares of the semiconductor company’s stock valued at $92,462,000 after buying an additional 542,728 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Ultra Clean by 16.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,745,093 shares of the semiconductor company’s stock valued at $45,568,000 after buying an additional 386,908 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Ultra Clean by 942.0% in the first quarter. Principal Financial Group Inc. now owns 329,444 shares of the semiconductor company’s stock valued at $6,342,000 after buying an additional 297,826 shares in the last quarter. Finally, Mackay Shields LLC increased its stake in shares of Ultra Clean by 2,262.5% in the second quarter. Mackay Shields LLC now owns 245,700 shares of the semiconductor company’s stock valued at $4,079,000 after buying an additional 235,300 shares in the last quarter. Hedge funds and other institutional investors own 82.88% of the company’s stock.

Shares of NASDAQ:UCTT opened at $9.49 on Friday. Ultra Clean Holdings Inc has a twelve month low of $9.17 and a twelve month high of $27.20. The firm has a market capitalization of $448.53 million, a PE ratio of 4.06, a price-to-earnings-growth ratio of 0.44 and a beta of 0.76.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings data on Tuesday, November 6th. The semiconductor company reported $0.30 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.30. The firm had revenue of $234.08 million during the quarter, compared to analyst estimates of $224.06 million. Ultra Clean had a return on equity of 20.53% and a net margin of 5.38%. The company’s revenue was down 3.5% on a year-over-year basis. During the same period last year, the company earned $0.62 earnings per share. Sell-side analysts predict that Ultra Clean Holdings Inc will post 1.87 EPS for the current year.

A number of analysts have recently weighed in on the company. Craig Hallum lowered their target price on Ultra Clean from $24.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday. Zacks Investment Research upgraded Ultra Clean from a “strong sell” rating to a “hold” rating in a research note on Friday, October 5th. BidaskClub lowered Ultra Clean from a “hold” rating to a “sell” rating in a research note on Friday, September 28th. Cowen lowered their target price on Ultra Clean from $28.00 to $23.00 and set an “outperform” rating for the company in a research note on Tuesday, September 18th. Finally, Standpoint Research upgraded Ultra Clean from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Ultra Clean has an average rating of “Hold” and a consensus price target of $23.20.

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

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