Alliancebernstein L.P. acquired a new stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 38,600 shares of the semiconductor company’s stock, valued at approximately $724,000. Alliancebernstein L.P. owned approximately 0.12% of Ultra Clean Holdings at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. acquired a new position in Ultra Clean Holdings in the 2nd quarter valued at $2,993,000. Gotham Asset Management LLC acquired a new position in Ultra Clean Holdings in the 1st quarter valued at $507,000. State Board of Administration of Florida Retirement System raised its holdings in Ultra Clean Holdings by 0.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 12,618 shares of the semiconductor company’s stock valued at $213,000 after acquiring an additional 69 shares in the last quarter. Teachers Advisors LLC raised its holdings in Ultra Clean Holdings by 50.6% in the 1st quarter. Teachers Advisors LLC now owns 74,407 shares of the semiconductor company’s stock valued at $1,255,000 after acquiring an additional 25,004 shares in the last quarter. Finally, Chicago Equity Partners LLC acquired a new position in Ultra Clean Holdings in the 2nd quarter valued at $1,860,000. 76.23% of the stock is owned by hedge funds and other institutional investors.
In related news, SVP Ronald D’ercole sold 1,457 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $30.47, for a total value of $44,394.79. Following the sale, the senior vice president now owns 69,233 shares in the company, valued at $2,109,529.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Deborah E. Hayward sold 13,872 shares of the stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $32.48, for a total value of $450,562.56. Following the completion of the sale, the insider now owns 61,702 shares in the company, valued at approximately $2,004,080.96. The disclosure for this sale can be found here. Insiders sold 44,358 shares of company stock worth $1,181,915 in the last quarter. 2.60% of the stock is currently owned by company insiders.
Several equities analysts have weighed in on the company. Zacks Investment Research raised Ultra Clean Holdings from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Tuesday, July 18th. Cowen and Company set a $26.00 price target on Ultra Clean Holdings and gave the company a “hold” rating in a research note on Friday, July 28th. Craig Hallum lifted their price target on Ultra Clean Holdings from $25.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Dougherty & Co lifted their price target on Ultra Clean Holdings from $29.50 to $32.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, BidaskClub upgraded Ultra Clean Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $30.67.
Ultra Clean Holdings, Inc. (NASDAQ UCTT) opened at 25.52 on Wednesday. The stock has a 50 day moving average price of $29.59 and a 200 day moving average price of $23.71. Ultra Clean Holdings, Inc. has a 52 week low of $8.39 and a 52 week high of $34.59. The company has a market cap of $853.18 million, a price-to-earnings ratio of 18.47 and a beta of 1.30.
Ultra Clean Holdings (NASDAQ:UCTT) last issued its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.02). Ultra Clean Holdings had a return on equity of 30.08% and a net margin of 7.55%. The business had revenue of $242.60 million during the quarter, compared to analysts’ expectations of $239.11 million. During the same quarter last year, the business posted $0.17 EPS. The company’s quarterly revenue was up 65.9% on a year-over-year basis. On average, equities analysts forecast that Ultra Clean Holdings, Inc. will post $2.32 earnings per share for the current year.
Ultra Clean Holdings Company Profile
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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