Legal & General Group Plc Has $126,000 Position in Ultra Clean Holdings, Inc. (UCTT)

Legal & General Group Plc reduced its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 3.0% during the first quarter, Holdings Channel reports. The institutional investor owned 7,510 shares of the semiconductor company’s stock after selling 231 shares during the period. Legal & General Group Plc’s holdings in Ultra Clean Holdings were worth $126,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. State Board of Administration of Florida Retirement System boosted its stake in Ultra Clean Holdings by 2.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 12,549 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 251 shares in the last quarter. State Street Corp boosted its stake in Ultra Clean Holdings by 10.7% in the fourth quarter. State Street Corp now owns 496,452 shares of the semiconductor company’s stock valued at $4,817,000 after buying an additional 47,985 shares in the last quarter. Teachers Advisors LLC boosted its stake in Ultra Clean Holdings by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 49,403 shares of the semiconductor company’s stock valued at $479,000 after buying an additional 2,409 shares in the last quarter. Navellier & Associates Inc acquired a new stake in Ultra Clean Holdings during the first quarter valued at approximately $629,000. Finally, CAPROCK Group Inc. boosted its stake in Ultra Clean Holdings by 48.7% in the first quarter. CAPROCK Group Inc. now owns 15,345 shares of the semiconductor company’s stock valued at $259,000 after buying an additional 5,025 shares in the last quarter. Hedge funds and other institutional investors own 83.09% of the company’s stock.

Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) traded up 1.85% during trading on Friday, hitting $23.11. The stock had a trading volume of 146,415 shares. The stock has a market capitalization of $772.61 million, a price-to-earnings ratio of 16.72 and a beta of 1.19. The stock’s 50 day moving average is $22.08 and its 200 day moving average is $18.67. Ultra Clean Holdings, Inc. has a 52 week low of $6.58 and a 52 week high of $26.21.

Ultra Clean Holdings (NASDAQ:UCTT) last posted its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.11. Ultra Clean Holdings had a return on equity of 24.16% and a net margin of 6.25%. The firm had revenue of $228.26 million for the quarter, compared to the consensus estimate of $213.92 million. During the same quarter in the prior year, the business earned $0.10 EPS. The business’s revenue for the quarter was up 75.8% compared to the same quarter last year. On average, equities research analysts expect that Ultra Clean Holdings, Inc. will post $2.28 earnings per share for the current fiscal year.

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UCTT has been the topic of several analyst reports. Zacks Investment Research cut Ultra Clean Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Needham & Company LLC raised their target price on Ultra Clean Holdings from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, April 27th. Stifel Nicolaus raised their target price on Ultra Clean Holdings from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, April 28th. ValuEngine upgraded Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, Cowen and Company initiated coverage on Ultra Clean Holdings in a research report on Thursday, June 15th. They issued a “market perform” rating and a $26.00 target price on the stock. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $27.83.

In other Ultra Clean Holdings news, Director Leonid Mezhvinsky sold 6,800 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $23.26, for a total transaction of $158,168.00. Following the completion of the sale, the director now owns 33,500 shares in the company, valued at approximately $779,210. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark Bingaman sold 36,743 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $23.34, for a total transaction of $857,581.62. Following the sale, the senior vice president now owns 76,670 shares of the company’s stock, valued at approximately $1,789,477.80. The disclosure for this sale can be found here. Insiders have sold a total of 94,484 shares of company stock valued at $2,119,172 in the last quarter. Corporate insiders own 2.60% of the company’s stock.

About Ultra Clean Holdings

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

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