Goldman Sachs Group Inc. grew its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,131 shares of the semiconductor company’s stock after acquiring an additional 1,618 shares during the quarter. Goldman Sachs Group Inc. owned 0.31% of Ultra Clean Holdings worth $1,915,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Legal & General Group Plc raised its stake in shares of Ultra Clean Holdings by 4.2% during the second quarter. Legal & General Group Plc now owns 7,824 shares of the semiconductor company’s stock worth $146,000 after acquiring an additional 314 shares in the last quarter. Pacad Investment Ltd. purchased a new position in shares of Ultra Clean Holdings during the second quarter worth approximately $173,000. Principal Financial Group Inc. purchased a new position in shares of Ultra Clean Holdings during the second quarter worth approximately $228,000. NN Investment Partners Holdings N.V. purchased a new position in shares of Ultra Clean Holdings during the second quarter worth approximately $236,000. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Ultra Clean Holdings by 0.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 12,618 shares of the semiconductor company’s stock worth $213,000 after acquiring an additional 69 shares in the last quarter. 76.23% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director David T. Ibnale sold 10,000 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $22.95, for a total transaction of $229,500.00. Following the sale, the director now owns 76,000 shares in the company, valued at approximately $1,744,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ronald D’ercole sold 1,457 shares of the stock in a transaction on Friday, September 29th. The shares were sold at an average price of $30.47, for a total value of $44,394.79. Following the sale, the senior vice president now owns 69,233 shares in the company, valued at approximately $2,109,529.51. The disclosure for this sale can be found here. Insiders have sold a total of 44,358 shares of company stock worth $1,181,915 in the last 90 days. 2.60% of the stock is currently owned by insiders.
Ultra Clean Holdings (NASDAQ:UCTT) last released its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.02). Ultra Clean Holdings had a net margin of 7.55% and a return on equity of 30.08%. The company had revenue of $242.60 million for the quarter, compared to analysts’ expectations of $239.11 million. During the same quarter in the previous year, the company posted $0.17 EPS. The business’s quarterly revenue was up 65.9% on a year-over-year basis.
Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Ultra Clean Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Needham & Company LLC decreased their target price on shares of Ultra Clean Holdings from $36.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. BidaskClub downgraded shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Cowen and Company set a $26.00 target price on shares of Ultra Clean Holdings and gave the stock a “hold” rating in a research note on Friday, July 28th. Finally, Dougherty & Co lifted their target price on shares of Ultra Clean Holdings from $29.50 to $32.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Ultra Clean Holdings has a consensus rating of “Buy” and an average target price of $30.67.
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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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