Amalgamated Bank Has $533,000 Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Amalgamated Bank decreased its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,344 shares of the semiconductor company’s stock after selling 362 shares during the quarter. Amalgamated Bank’s holdings in Ultra Clean were worth $533,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in shares of Ultra Clean by 52.1% during the 2nd quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 213 shares during the last quarter. CWM LLC boosted its holdings in shares of Ultra Clean by 46.3% during 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 in the last quarter. Truist Financial Corp increased its stake in shares of 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 buying an additional 310 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of Ultra Clean by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 19,993 shares of the semiconductor company’s stock worth $980,000 after purchasing an additional 331 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in shares of Ultra Clean by 1.8% in the second quarter. Louisiana State Employees Retirement System now owns 22,600 shares of the semiconductor company’s stock valued at $1,107,000 after buying an additional 400 shares during the period. Institutional investors own 96.06% of the company’s stock.

Ultra Clean Trading Down 3.2 %

Ultra Clean stock opened at $33.97 on Friday. The stock has a market cap of $1.53 billion, a P/E ratio of 424.68 and a beta of 2.08. Ultra Clean Holdings, Inc. has a fifty-two week low of $25.65 and a fifty-two week high of $56.47. The firm’s fifty day moving average price is $36.38 and its 200-day moving average price is $41.54. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75.

Ultra Clean (NASDAQ:UCTT) last announced its 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 company had revenue of $540.40 million during 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 firm’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.03) earnings per share. Equities research analysts forecast that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UCTT has been the subject of several research analyst reports. TD Cowen lowered their price objective on Ultra Clean from $60.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Needham & Company LLC cut their price objective 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. Oppenheimer initiated coverage on Ultra Clean in a report on Wednesday, September 25th. They set an “outperform” rating and a $70.00 price target on the stock. Finally, Craig Hallum lifted their price target on shares of Ultra Clean from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ultra Clean presently has a consensus rating of “Buy” and a consensus price target of $57.75.

Insider Activity

In other Ultra Clean news, COO Harjinder Bajwa purchased 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was bought at an average cost of $34.83 per share, for a total transaction of $522,450.00. Following the purchase, the chief operating officer now directly owns 44,291 shares in the company, valued at $1,542,655.53. The trade was a 51.21 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey L. Mckibben sold 3,422 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was 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 in the company, valued at $718,351. This trade represents a 15.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

Ultra Clean Company 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.