Metropolitan Life Insurance Co. NY maintained its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the first quarter, Holdings Channel reports. The institutional investor owned 24,189 shares of the semiconductor company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in Ultra Clean Holdings were worth $408,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System increased its position in shares of Ultra Clean Holdings by 2.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 12,549 shares of the semiconductor company’s stock worth $122,000 after buying an additional 251 shares during the period. State Street Corp increased its position in shares of Ultra Clean Holdings by 10.7% in the fourth quarter. State Street Corp now owns 496,452 shares of the semiconductor company’s stock worth $4,817,000 after buying an additional 47,985 shares during the period. Teachers Advisors LLC increased its position in shares of Ultra Clean Holdings by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 49,403 shares of the semiconductor company’s stock worth $479,000 after buying an additional 2,409 shares during the period. Highbridge Capital Management LLC purchased a new position in shares of Ultra Clean Holdings during the fourth quarter worth approximately $269,000. Finally, Navellier & Associates Inc purchased a new position in shares of Ultra Clean Holdings during the first quarter worth approximately $629,000. 83.09% of the stock is owned by institutional investors.
Ultra Clean Holdings, Inc. (NASDAQ UCTT) traded down 3.33% during mid-day trading on Thursday, hitting $22.90. 386,181 shares of the stock were exchanged. Ultra Clean Holdings, Inc. has a 52 week low of $6.47 and a 52 week high of $26.21. The company has a market capitalization of $765.59 million, a PE ratio of 16.57 and a beta of 1.19. The stock’s 50-day moving average is $21.99 and its 200 day moving average is $18.64.
Ultra Clean Holdings (NASDAQ:UCTT) last announced its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.11. Ultra Clean Holdings had a net margin of 6.25% and a return on equity of 24.16%. The firm had revenue of $228.26 million for the quarter, compared to the consensus estimate of $213.92 million. During the same period in the prior year, the firm posted $0.10 earnings per share. The company’s revenue for the quarter was up 75.8% on a year-over-year basis. On average, analysts anticipate that Ultra Clean Holdings, Inc. will post $2.28 EPS for the current year.
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A number of research analysts have recently commented on UCTT shares. Zacks Investment Research downgraded shares of Ultra Clean Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Needham & Company LLC lifted their price objective on shares of Ultra Clean Holdings from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, April 27th. Stifel Nicolaus lifted their price objective on shares of Ultra Clean Holdings from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, April 28th. ValuEngine upgraded shares of Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, Cowen and Company began coverage on shares of Ultra Clean Holdings in a research note on Thursday, June 15th. They set a “market perform” rating and a $26.00 target price for the company. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $27.83.
In related news, CFO Sheri Brumm sold 20,512 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $22.85, for a total value of $468,699.20. Following the sale, the chief financial officer now directly owns 170,939 shares of the company’s stock, valued at $3,905,956.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Deborah E. Hayward sold 19,883 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $20.76, for a total transaction of $412,771.08. Following the completion of the sale, the insider now directly owns 68,574 shares in the company, valued at $1,423,596.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 94,484 shares of company stock worth $2,119,172. Insiders own 2.60% of the company’s stock.
Ultra Clean Holdings Company Profile
Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.
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