NJ State Employees Deferred Compensation Plan Acquires Shares of 24,000 Ultra Clean Holdings, Inc. (UCTT)

NJ State Employees Deferred Compensation Plan acquired a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 24,000 shares of the semiconductor company’s stock, valued at approximately $735,000. NJ State Employees Deferred Compensation Plan owned 0.07% of Ultra Clean Holdings as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UCTT. State Board of Administration of Florida Retirement System boosted its stake in 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 buying an additional 69 shares during the period. Bank of New York Mellon Corp boosted its stake in Ultra Clean Holdings by 51.3% during the first quarter. Bank of New York Mellon Corp now owns 248,065 shares of the semiconductor company’s stock worth $4,184,000 after buying an additional 84,153 shares during the period. Ameriprise Financial Inc. purchased a new position in Ultra Clean Holdings during the first quarter worth $1,933,000. Parametric Portfolio Associates LLC boosted its stake in Ultra Clean Holdings by 87.3% during the first quarter. Parametric Portfolio Associates LLC now owns 95,622 shares of the semiconductor company’s stock worth $1,613,000 after buying an additional 44,573 shares during the period. Finally, American International Group Inc. boosted its stake in Ultra Clean Holdings by 7.1% during the first quarter. American International Group Inc. now owns 19,769 shares of the semiconductor company’s stock worth $334,000 after buying an additional 1,313 shares during the period. 76.23% of the stock is owned by institutional investors.

Several research analysts have commented on UCTT shares. ValuEngine lowered shares of Ultra Clean Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Dougherty & Co lifted their price objective on shares of Ultra Clean Holdings from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Needham & Company LLC lifted their price objective on shares of Ultra Clean Holdings from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research lowered shares of Ultra Clean Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, Stifel Nicolaus lifted their price objective on shares of Ultra Clean Holdings from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Monday, July 10th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Ultra Clean Holdings presently has a consensus rating of “Buy” and a consensus price target of $30.67.

TRADEMARK VIOLATION WARNING: “NJ State Employees Deferred Compensation Plan Acquires Shares of 24,000 Ultra Clean Holdings, Inc. (UCTT)” was published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://sportsperspectives.com/2017/11/02/nj-state-employees-deferred-compensation-plan-acquires-shares-of-24000-ultra-clean-holdings-inc-uctt.html.

Ultra Clean Holdings (NASDAQ:UCTT) last issued its earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.02). Ultra Clean Holdings had a return on equity of 30.08% and a net margin of 7.55%. The company had revenue of $242.60 million during the quarter, compared to analyst estimates of $239.11 million. During the same period last year, the business earned $0.17 earnings per share. The firm’s revenue was up 65.9% compared to the same quarter last year.

In other Ultra Clean Holdings news, Director David T. Ibnale sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $22.95, for a total value of $229,500.00. Following the completion of the sale, the director now directly owns 76,000 shares of the company’s stock, valued at approximately $1,744,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ronald D’ercole sold 1,457 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $30.47, for a total value of $44,394.79. Following the completion of the sale, the senior vice president now directly owns 69,233 shares of the company’s stock, valued at $2,109,529.51. The disclosure for this sale can be found here. Insiders sold a total of 44,358 shares of company stock valued at $1,181,915 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.

About Ultra Clean Holdings

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.

Want to see what other hedge funds are holding UCTT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ultra Clean Holdings, Inc. (NASDAQ:UCTT).

Institutional Ownership by Quarter for Ultra Clean Holdings (NASDAQ:UCTT)

Receive News & Ratings for Ultra Clean Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Clean Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply