Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. lowered its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 50.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 852 shares of the semiconductor company’s stock after selling 883 shares during the quarter. Meeder Asset Management Inc.’s holdings in Ultra Clean were worth $42,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in Ultra Clean by 52.1% in the second quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 213 shares during the last quarter. CWM LLC boosted its stake in shares of Ultra Clean by 46.3% in the second quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 253 shares during the period. SummerHaven Investment Management LLC increased its stake in Ultra Clean by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 19,993 shares of the semiconductor company’s stock worth $980,000 after buying an additional 331 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Ultra Clean by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 22,600 shares of the semiconductor company’s stock worth $1,107,000 after buying an additional 400 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Ultra Clean by 19.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,164 shares of the semiconductor company’s stock worth $108,000 after buying an additional 514 shares in the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.

Ultra Clean Price Performance

Shares of UCTT opened at $34.69 on Monday. Ultra Clean Holdings, Inc. has a twelve month low of $22.15 and a twelve month high of $56.47. The firm’s fifty day simple moving average is $41.19 and its 200-day simple moving average is $43.81. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of -42.30 and a beta of 2.09. The company has a current ratio of 2.73, a quick ratio of 1.60 and a debt-to-equity ratio of 0.52.

Ultra Clean (NASDAQ:UCTT) last posted its earnings results on Thursday, July 25th. The semiconductor company reported $0.21 EPS for the quarter. The firm had revenue of $516.10 million for the quarter, compared to the consensus estimate of $490.06 million. Ultra Clean had a negative net margin of 0.46% and a positive return on equity of 2.59%. The company’s revenue was up 22.4% on a year-over-year basis. During the same period last year, the firm posted $0.16 EPS.

Insider Activity at Ultra Clean

In other Ultra Clean news, CFO Sheri Savage sold 897 shares of the firm’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $55.87, for a total transaction of $50,115.39. Following the transaction, the chief financial officer now directly owns 51,678 shares of the company’s stock, valued at approximately $2,887,249.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Ultra Clean news, CEO James P. Scholhamer sold 26,608 shares of the firm’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $55.10, for a total transaction of $1,466,100.80. Following the transaction, the chief executive officer now directly owns 418,453 shares of the company’s stock, valued at approximately $23,056,760.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sheri Savage sold 897 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $55.87, for a total transaction of $50,115.39. Following the transaction, the chief financial officer now directly owns 51,678 shares in the company, valued at $2,887,249.86. The disclosure for this sale can be found here. Insiders have sold 47,266 shares of company stock valued at $2,556,853 in the last ninety days. Insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on UCTT. Craig Hallum increased their target price on shares of Ultra Clean from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Needham & Company LLC reiterated a “buy” rating and set a $56.00 target price on shares of Ultra Clean in a report on Friday, July 26th. Finally, TD Cowen raised their price objective on shares of Ultra Clean from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Ultra Clean currently has a consensus rating of “Moderate Buy” and an average target price of $58.67.

About Ultra Clean

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.