UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.71 Million Stock Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 14.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,895 shares of the semiconductor company’s stock after selling 11,249 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of Ultra Clean worth $2,711,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Royce & Associates LP increased its stake in shares of Ultra Clean by 7.5% during the third quarter. Royce & Associates LP now owns 908,697 shares of the semiconductor company’s stock worth $36,284,000 after purchasing an additional 63,301 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Ultra Clean by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 647,288 shares of the semiconductor company’s stock valued at $25,846,000 after buying an additional 18,000 shares in the last quarter. Pinnacle Associates Ltd. increased its position in Ultra Clean by 2.1% during the 3rd quarter. Pinnacle Associates Ltd. now owns 420,709 shares of the semiconductor company’s stock worth $16,799,000 after buying an additional 8,471 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Ultra Clean by 130.1% during the third quarter. Harbor Capital Advisors Inc. now owns 367,212 shares of the semiconductor company’s stock worth $14,663,000 after buying an additional 207,633 shares in the last quarter. Finally, Hood River Capital Management LLC boosted its position in shares of Ultra Clean by 54.2% in the second quarter. Hood River Capital Management LLC now owns 366,266 shares of the semiconductor company’s stock valued at $17,947,000 after acquiring an additional 128,670 shares during the period. Institutional investors own 96.06% of the company’s stock.

Analyst Ratings Changes

UCTT has been the topic of a number of recent research reports. TD Cowen lowered their price target on shares of Ultra Clean from $60.00 to $57.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Needham & Company LLC lowered 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. Finally, Oppenheimer initiated coverage on Ultra Clean in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $70.00 price target for the company. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $57.75.

Insider Buying and Selling at Ultra Clean

In other Ultra Clean news, COO Harjinder Bajwa acquired 2,500 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was acquired at an average cost of $33.33 per share, for a total transaction of $83,325.00. Following the transaction, the chief operating officer now directly owns 29,291 shares in the company, valued at $976,269.03. This represents a 9.33 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey L. Mckibben sold 3,422 shares of Ultra Clean stock in a transaction dated 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 transaction, the insider now owns 18,805 shares in the company, valued at approximately $718,351. This represents a 15.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 27,500 shares of company stock valued at $943,275. 2.20% of the stock is currently owned by corporate insiders.

Ultra Clean Trading Up 0.1 %

UCTT opened at $37.31 on Friday. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 466.43 and a beta of 2.09. 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 $30.20 and a twelve month high of $56.47. The company has a 50-day simple moving average of $36.98 and a 200 day simple moving average of $40.63.

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

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.