16,234 Shares in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Purchased by Algert Global LLC

Algert Global LLC purchased a new position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 16,234 shares of the semiconductor company’s stock, valued at approximately $795,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Ultra Clean by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 4,360,555 shares of the semiconductor company’s stock worth $148,869,000 after acquiring an additional 148,819 shares during the period. Frontier Capital Management Co. LLC grew its position in Ultra Clean by 37.5% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,559,943 shares of the semiconductor company’s stock worth $87,396,000 after purchasing an additional 698,242 shares during the period. Swedbank AB purchased a new position in shares of Ultra Clean during the 1st quarter valued at about $111,828,000. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Ultra Clean by 6.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 860,798 shares of the semiconductor company’s stock valued at $42,179,000 after buying an additional 52,075 shares during the period. Finally, Hood River Capital Management LLC boosted its stake 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 worth $17,947,000 after buying an additional 128,670 shares during the last quarter. 96.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO James P. Scholhamer sold 26,608 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $55.10, for a total value of $1,466,100.80. Following the transaction, the chief executive officer now owns 418,453 shares in the company, valued at $23,056,760.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO James P. Scholhamer sold 26,608 shares of the stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $55.10, for a total value of $1,466,100.80. Following the completion of the transaction, the chief executive officer now directly owns 418,453 shares of the company’s stock, valued at approximately $23,056,760.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sheri Savage sold 10,079 shares of Ultra Clean stock in a transaction on Monday, July 8th. The stock was sold at an average price of $54.18, for a total transaction of $546,080.22. Following the sale, the chief financial officer now directly owns 52,575 shares in the company, valued at approximately $2,848,513.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 37,584 shares of company stock worth $2,062,296. Corporate insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

UCTT has been the subject of several recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $56.00 price target on shares of Ultra Clean in a research report on Friday, July 26th. Craig Hallum lifted their target price on shares of Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. TD Cowen increased their price target on shares of Ultra Clean from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Oppenheimer began coverage on shares of Ultra Clean in a report on Wednesday, September 25th. They issued an “outperform” rating and a $70.00 price objective for the company. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $61.50.

Ultra Clean Trading Up 3.0 %

Shares of UCTT stock opened at $39.62 on Friday. The stock has a 50 day simple moving average of $37.00 and a 200-day simple moving average of $43.02. Ultra Clean Holdings, Inc. has a 1-year low of $22.15 and a 1-year high of $56.47. The company has a market cap of $1.77 billion, a price-to-earnings ratio of -48.32 and a beta of 2.08. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.73 and a quick ratio of 1.60.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data on Thursday, July 25th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter. The business 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%. During the same period last year, the firm posted $0.16 earnings per share. The company’s revenue was up 22.4% compared to the same quarter last year. On average, equities research analysts expect that Ultra Clean Holdings, Inc. will post 1.1 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.