Delta Investment Management LLC purchased a new position in Ultra Clean Holdings Inc (NASDAQ:UCTT) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 10,000 shares of the semiconductor company’s stock, valued at approximately $103,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Divisar Capital Management LLC raised its stake in shares of Ultra Clean by 262.0% in the 4th quarter. Divisar Capital Management LLC now owns 2,099,886 shares of the semiconductor company’s stock worth $17,786,000 after buying an additional 1,519,784 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of Ultra Clean by 2.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,540,000 shares of the semiconductor company’s stock worth $13,044,000 after acquiring an additional 40,000 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Ultra Clean by 18.2% in the 4th quarter. Deutsche Bank AG now owns 1,201,703 shares of the semiconductor company’s stock worth $10,177,000 after acquiring an additional 184,628 shares during the last quarter. Frontier Capital Management Co. LLC grew its holdings in shares of Ultra Clean by 1,378.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,166,713 shares of the semiconductor company’s stock worth $9,882,000 after acquiring an additional 1,087,780 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in shares of Ultra Clean by 14.5% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,157,993 shares of the semiconductor company’s stock worth $9,808,000 after acquiring an additional 146,295 shares during the last quarter. 94.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of UCTT stock traded up $0.26 on Wednesday, reaching $13.93. 7,416 shares of the company’s stock traded hands, compared to its average volume of 511,601. Ultra Clean Holdings Inc has a 12-month low of $6.94 and a 12-month high of $19.09. The company has a current ratio of 3.03, a quick ratio of 1.88 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $540.39 million, a price-to-earnings ratio of 8.32, a P/E/G ratio of 1.12 and a beta of 1.21.
Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. Ultra Clean had a return on equity of 11.20% and a net margin of 1.20%. The business had revenue of $260.00 million for the quarter, compared to the consensus estimate of $240.71 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. Ultra Clean’s revenue for the quarter was down 17.4% compared to the same quarter last year. On average, sell-side analysts predict that Ultra Clean Holdings Inc will post 0.82 EPS for the current year.
In other news, Director Clarence L. Granger bought 22,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were purchased at an average price of $14.11 per share, for a total transaction of $310,420.00. Following the completion of the purchase, the director now directly owns 127,098 shares of the company’s stock, valued at approximately $1,793,352.78. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Sheri Savage sold 30,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $10.17, for a total value of $305,100.00. Following the completion of the transaction, the chief financial officer now owns 135,491 shares in the company, valued at approximately $1,377,943.47. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
UCTT has been the topic of a number of recent research reports. ValuEngine upgraded Ultra Clean from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 30th. BidaskClub upgraded Ultra Clean from a “hold” rating to a “buy” rating in a report on Tuesday, February 5th. Craig Hallum downgraded Ultra Clean from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target (up previously from $13.00) on shares of Ultra Clean in a report on Friday, February 22nd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $19.70.
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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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