ETRADE Capital Management LLC Invests $350,000 in Ultra Clean Holdings, Inc. (UCTT) Stock

ETRADE Capital Management LLC bought a new stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,442 shares of the semiconductor company’s stock, valued at approximately $350,000.

A number of other hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in Ultra Clean by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,818,688 shares of the semiconductor company’s stock valued at $52,850,000 after buying an additional 39,357 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Ultra Clean by 32.3% in the second quarter. Vanguard Group Inc. now owns 1,636,857 shares of the semiconductor company’s stock worth $30,691,000 after purchasing an additional 399,627 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in shares of Ultra Clean by 17.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 629,800 shares of the semiconductor company’s stock worth $19,284,000 after purchasing an additional 94,000 shares during the period. State Street Corp boosted its position in shares of Ultra Clean by 14.0% in the second quarter. State Street Corp now owns 601,912 shares of the semiconductor company’s stock worth $11,285,000 after purchasing an additional 74,084 shares during the period. Finally, ClariVest Asset Management LLC boosted its position in shares of Ultra Clean by 1,231.9% in the second quarter. ClariVest Asset Management LLC now owns 479,084 shares of the semiconductor company’s stock worth $8,982,000 after purchasing an additional 443,115 shares during the period. 75.74% of the stock is owned by institutional investors and hedge funds.

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) opened at $20.41 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.06 and a quick ratio of 1.09. Ultra Clean Holdings, Inc. has a 12-month low of $9.25 and a 12-month high of $34.59. The firm has a market cap of $686.33, a P/E ratio of 9.86, a price-to-earnings-growth ratio of 0.58 and a beta of 1.02.

Ultra Clean (NASDAQ:UCTT) last issued its earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.02). Ultra Clean had a return on equity of 28.77% and a net margin of 7.55%. The company had revenue of $242.60 million for the quarter, compared to the consensus estimate of $239.11 million. During the same quarter in the prior year, the company posted $0.17 EPS. Ultra Clean’s revenue was up 65.9% compared to the same quarter last year. sell-side analysts anticipate that Ultra Clean Holdings, Inc. will post 2.34 EPS for the current year.

In related news, Director David T. Ibnale sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $22.95, for a total transaction of $229,500.00. Following the completion of the transaction, the director now owns 76,000 shares in the company, valued at $1,744,200. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Speirs sold 19,029 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $24.04, for a total transaction of $457,457.16. Following the transaction, the senior vice president now owns 100,879 shares of the company’s stock, valued at approximately $2,425,131.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,762 shares of company stock valued at $1,434,368. 2.60% of the stock is owned by company insiders.

A number of equities analysts have weighed in on UCTT shares. Zacks Investment Research lowered shares of Ultra Clean from a “buy” rating to a “hold” rating in a research report on Saturday, November 11th. Dougherty & Co upped their price target on shares of Ultra Clean from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Needham & Company LLC dropped their price target on shares of Ultra Clean from $36.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. ValuEngine lowered shares of Ultra Clean from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 13th. Finally, Cowen upped their price target on shares of Ultra Clean from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $30.67.

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About Ultra Clean

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 (NASDAQ:UCTT)

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