Shepherd Kaplan Krochuk LLC raised its stake in shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) by 83.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,500 shares of the semiconductor company’s stock after purchasing an additional 28,000 shares during the quarter. Shepherd Kaplan Krochuk LLC owned 0.16% of Ultra Clean worth $772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. Palouse Capital Management Inc. bought a new stake in Ultra Clean during the third quarter valued at approximately $128,000. Piedmont Investment Advisors LLC bought a new stake in Ultra Clean during the second quarter valued at approximately $150,000. Janus Henderson Group PLC bought a new stake in Ultra Clean during the third quarter valued at approximately $160,000. Baird Financial Group Inc. bought a new stake in Ultra Clean during the second quarter valued at approximately $168,000. Finally, Aperio Group LLC bought a new stake in Ultra Clean during the second quarter valued at approximately $205,000. Institutional investors and hedge funds own 83.55% of the company’s stock.
Shares of UCTT traded up $0.01 during mid-day trading on Friday, reaching $9.23. The company’s stock had a trading volume of 1,383 shares, compared to its average volume of 649,376. The firm has a market cap of $362.83 million, a price-to-earnings ratio of 3.94, a PEG ratio of 0.37 and a beta of 0.72. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.63 and a current ratio of 2.76. Ultra Clean Holdings Inc has a 52 week low of $8.45 and a 52 week high of $27.20.
Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings data on Tuesday, November 6th. The semiconductor company reported $0.30 earnings per share 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 net margin of 5.38% and a return on equity of 19.76%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 EPS. As a group, equities research analysts predict that Ultra Clean Holdings Inc will post 1.81 earnings per share for the current year.
A number of brokerages have recently weighed in on UCTT. Standpoint Research upgraded shares of Ultra Clean from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. Craig Hallum lowered their price objective on shares of Ultra Clean from $24.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, November 7th. TheStreet lowered shares of Ultra Clean from a “b-” rating to a “c+” rating in a report on Tuesday, October 9th. Zacks Investment Research upgraded shares of Ultra Clean from a “strong sell” rating to a “hold” rating in a report on Friday, October 5th. Finally, BidaskClub upgraded shares of Ultra Clean from a “sell” rating to a “hold” rating in a report on Thursday, August 30th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $23.20.
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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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