Mutual of America Capital Management LLC Sells 608 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Mutual of America Capital Management LLC trimmed its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 8.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,773 shares of the semiconductor company’s stock after selling 608 shares during the period. Mutual of America Capital Management LLC’s holdings in Ultra Clean were worth $270,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of UCTT. GAMMA Investing LLC increased its stake 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 acquiring an additional 213 shares during the period. Signaturefd LLC grew its stake in shares of Ultra Clean by 465.5% during the third quarter. Signaturefd LLC now owns 803 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 661 shares during the period. CWM LLC raised its position 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 acquiring an additional 253 shares during the period. Innealta Capital LLC bought a new position in shares of Ultra Clean during the second quarter worth $41,000. Finally, nVerses Capital LLC bought a new stake in shares of Ultra Clean in the second quarter worth about $64,000. Institutional investors and hedge funds own 96.06% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on UCTT. Needham & Company LLC dropped their price target on Ultra Clean from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. TD Cowen reduced their target price on shares of Ultra Clean from $60.00 to $57.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Finally, Oppenheimer started coverage on shares of Ultra Clean in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $70.00 target price for the company. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $57.75.

Ultra Clean Stock Down 0.2 %

NASDAQ:UCTT opened at $37.41 on Friday. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 467.68 and a beta of 2.08. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. Ultra Clean Holdings, Inc. has a twelve month low of $26.44 and a twelve month high of $56.47. The stock’s 50 day moving average price is $36.87 and its two-hundred day moving average price is $41.20.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $540.40 million for the quarter, compared to analyst estimates of $515.88 million. Ultra Clean had a net margin of 0.18% and a return on equity of 4.08%. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.03) earnings per share. Equities research analysts expect that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ultra Clean news, COO Harjinder Bajwa bought 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were acquired at an average cost of $33.33 per share, with a total value of $83,325.00. Following the acquisition, the chief operating officer now owns 29,291 shares of the company’s stock, valued at $976,269.03. The trade was a 9.33 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey L. Mckibben sold 3,422 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $38.20, for a total value of $130,720.40. Following the sale, the insider now directly owns 18,805 shares of the company’s stock, valued at $718,351. This represents a 15.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have acquired a total of 27,500 shares of company stock valued at $943,275 over the last 90 days. 2.20% of the stock is currently owned by insiders.

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.