Teton Advisors Inc. Sells 6,000 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Teton Advisors Inc. lowered its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 77,000 shares of the semiconductor company’s stock after selling 6,000 shares during the period. Ultra Clean accounts for about 0.9% of Teton Advisors Inc.’s holdings, making the stock its 28th biggest position. Teton Advisors Inc. owned approximately 0.17% of Ultra Clean worth $2,629,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in Ultra Clean in the 4th quarter valued at $59,000. TFO Wealth Partners LLC lifted its position in Ultra Clean by 27,160.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,726 shares of the semiconductor company’s stock valued at $93,000 after acquiring an additional 2,716 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new position in Ultra Clean during the 4th quarter valued at about $202,000. Everence Capital Management Inc. raised its stake in shares of Ultra Clean by 7.1% in the fourth quarter. Everence Capital Management Inc. now owns 7,980 shares of the semiconductor company’s stock worth $272,000 after purchasing an additional 530 shares during the last quarter. Finally, Strs Ohio lifted its holdings in shares of Ultra Clean by 10.5% in the third quarter. Strs Ohio now owns 9,500 shares of the semiconductor company’s stock valued at $281,000 after purchasing an additional 900 shares in the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.

Ultra Clean Stock Performance

Ultra Clean stock traded up $0.71 during mid-day trading on Monday, reaching $42.67. 150,056 shares of the company’s stock were exchanged, compared to its average volume of 317,702. The firm has a market capitalization of $1.91 billion, a PE ratio of -61.84 and a beta of 2.03. The company has a quick ratio of 1.67, a current ratio of 2.88 and a debt-to-equity ratio of 0.51. The business’s fifty day simple moving average is $43.91 and its 200 day simple moving average is $35.86. Ultra Clean Holdings, Inc. has a one year low of $22.15 and a one year high of $49.25.

Ultra Clean (NASDAQ:UCTT) last released its earnings results on Wednesday, February 21st. The semiconductor company reported $0.12 EPS for the quarter. The company had revenue of $444.80 million for the quarter, compared to analysts’ expectations of $444.99 million. Ultra Clean had a positive return on equity of 1.69% and a negative net margin of 1.79%.

Wall Street Analysts Forecast Growth

UCTT has been the subject of a number of analyst reports. TD Cowen increased their price target on Ultra Clean from $32.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Needham & Company LLC increased their target price on shares of Ultra Clean from $46.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.33.

Ultra Clean Profile

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.