Kendall Capital Management Sells 605 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Kendall Capital Management trimmed its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 8.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,215 shares of the semiconductor company’s stock after selling 605 shares during the period. Kendall Capital Management’s holdings in Ultra Clean were worth $305,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Ultra Clean by 52.1% in the 2nd quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock worth $30,000 after buying an additional 213 shares in the last quarter. CWM LLC lifted its stake in shares of Ultra Clean by 46.3% in the 2nd 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. Innealta Capital LLC acquired a new position in shares of Ultra Clean in the 2nd quarter valued at $41,000. nVerses Capital LLC acquired a new position in shares of Ultra Clean in the 2nd quarter valued at $64,000. Finally, TFO Wealth Partners LLC lifted its stake in shares of 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 purchasing an additional 2,716 shares during the period. 96.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on UCTT shares. Needham & Company LLC reaffirmed a “buy” rating and set a $56.00 price objective on shares of Ultra Clean in a research note on Friday, July 26th. TD Cowen raised their price objective on Ultra Clean from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Craig Hallum raised their price objective on Ultra Clean from $52.00 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 issued a buy rating to the company. Based on data from MarketBeat.com, Ultra Clean currently has a consensus rating of “Moderate Buy” and an average target price of $58.67.

Insider Activity

In other news, CFO Sheri Savage sold 10,079 shares of Ultra Clean stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $54.18, for a total value of $546,080.22. Following the completion of the sale, the chief financial officer now directly owns 52,575 shares in the company, valued at $2,848,513.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Ultra Clean news, CFO Sheri Savage sold 10,079 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $54.18, for a total transaction of $546,080.22. Following the completion of the transaction, the chief financial officer now directly owns 52,575 shares in the company, valued at $2,848,513.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO James P. Scholhamer sold 26,608 shares of the business’s stock in a transaction that occurred 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 owns 418,453 shares of the company’s stock, valued at $23,056,760.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,266 shares of company stock worth $2,556,853. Corporate insiders own 2.20% of the company’s stock.

Ultra Clean Trading Up 5.0 %

Ultra Clean stock opened at $34.87 on Friday. Ultra Clean Holdings, Inc. has a 52 week low of $22.15 and a 52 week high of $56.47. The stock has a market capitalization of $1.57 billion, a P/E ratio of -42.52 and a beta of 2.09. The stock has a 50-day simple moving average of $39.56 and a 200 day simple moving average of $43.55. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.60 and a current ratio of 2.73.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings data on Thursday, July 25th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter. Ultra Clean had a positive return on equity of 2.59% and a negative net margin of 0.46%. The company had revenue of $516.10 million during the quarter, compared to analysts’ expectations of $490.06 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The business’s revenue was up 22.4% on a year-over-year basis.

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.