Thrivent Financial for Lutherans Decreases Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Thrivent Financial for Lutherans lowered its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 5.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 35,362 shares of the semiconductor company’s stock after selling 1,917 shares during the quarter. Thrivent Financial for Lutherans owned about 0.08% of Ultra Clean worth $1,412,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 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 purchasing an additional 213 shares during the last quarter. CWM LLC raised its stake in Ultra Clean by 46.3% during the 2nd quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 253 shares in the last quarter. Truist Financial Corp lifted its position in Ultra Clean by 4.6% in the second quarter. Truist Financial Corp now owns 7,080 shares of the semiconductor company’s stock valued at $347,000 after acquiring an additional 310 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in Ultra Clean by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 19,993 shares of the semiconductor company’s stock valued at $980,000 after acquiring an additional 331 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of Ultra Clean by 1.8% during the second quarter. Louisiana State Employees Retirement System now owns 22,600 shares of the semiconductor company’s stock worth $1,107,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.

Insider Transactions at Ultra Clean

In other Ultra Clean news, COO Harjinder Bajwa acquired 10,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was purchased at an average price of $33.75 per share, for a total transaction of $337,500.00. Following the completion of the transaction, the chief operating officer now owns 54,291 shares of the company’s stock, valued at $1,832,321.25. The trade was a 22.58 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 completion of the sale, the insider now directly owns 18,805 shares of the company’s stock, valued at approximately $718,351. This trade represents a 15.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders bought 27,500 shares of company stock worth $943,275. Company insiders own 2.20% of the company’s stock.

Ultra Clean Stock Up 2.7 %

UCTT opened at $38.43 on Friday. Ultra Clean Holdings, Inc. has a 52 week low of $26.50 and a 52 week high of $56.47. The business has a 50 day moving average price of $37.00 and a two-hundred day moving average price of $41.13. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. The company has a market cap of $1.73 billion, a PE ratio of 480.38 and a beta of 2.08.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on UCTT. Oppenheimer initiated coverage on Ultra Clean in a report on Wednesday, September 25th. They issued an “outperform” rating and a $70.00 target price for the company. TD Cowen decreased their price objective on Ultra Clean from $60.00 to $57.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Finally, Needham & Company LLC cut their target price on shares of Ultra Clean from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $57.75.

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.